XCEL BRANDS INC. - XELB STOCK NEWS

Xcel Brands (NASDAQ: XELB) will report its third quarter 2022 financial results on November 14, 2022. A conference call for the investment community is scheduled for 10:00 a.m. ET on November 15, where the company will discuss its financial performance and future outlook. Interested parties can access the call via a webcast on Xcel's Investor Relations page or by dialing in directly. Xcel specializes in media and consumer products, owning several brands and pioneering an omni-channel sales strategy.

Xcel Brands (NASDAQ: XELB) announced the launch of C. Wonder by Christian Siriano, appointing the acclaimed fashion designer as its Creative Director. This brand aims to enhance Xcel's live-selling ecosystem and engage directly with consumers. Mr. Siriano, known for his celebrity clientele and innovative designs, will maintain his own collection while introducing modern ready-to-wear and accessories for C. Wonder. The strategic investment in livestreaming technology positions Xcel as a leader in the interactive TV market, contributing to its ongoing success in branded consumer products.

Xcel Brands reported a second quarter 2022 GAAP net income of $9.5 million, or $0.48 per diluted share, despite a non-GAAP net loss of $3.6 million.

The company recognized a $20.6 million gain from selling a majority interest in the Isaac Mizrahi brand, using 65% of proceeds to eliminate $4.5 million in debt. Revenue was $8.5 million, a 21% decrease from the prior year, driven by declining wholesale sales and lower licensing revenue due to the Mizrahi sale. Despite ongoing supply chain challenges, Xcel's balance sheet improved with no debt and $10.9 million in cash.

Xcel Brands, Inc. (NASDAQ: XELB) will report its second quarter 2022 financial results on August 15, 2022, before markets open. A conference call is scheduled for the same day at 11:00 a.m. ET, which will be accessible via webcast on their Investor Relations website. Xcel Brands specializes in media and consumer products, including branded apparel and accessories, and has generated over $3 billion in retail sales through live streaming and digital channels. Founded in 2011, Xcel is focused on integrating shopping, entertainment, and social media.

Xcel Brands has appointed Ken Downing as Creative Director of the Halston brand, effective August 1, 2022. Downing, known for his influential role at Neiman Marcus, will lead Halston's creative direction and engage customers through livestream sessions. This strategic move aims to strengthen Xcel's position in the fast-growing retail livestreaming marketplace. Xcel Brands, a leader in media and consumer products, focuses on direct-to-consumer sales and innovative livestreaming technology.

Xcel Brands, Inc. (NASDAQ: XELB) has announced that WHP Global will acquire a controlling 70% interest in the Isaac Mizrahi fashion brand for $68 million. The deal includes $46.2 million in cash to Xcel, which retains a 30% minority interest. Xcel will continue managing the QVC business and has entered a new license agreement for designing and distributing Isaac Mizrahi apparel in the US and Canada. This transaction marks a significant milestone, leaving Xcel debt-free with over $17 million in cash and $22 million in working capital, enabling further strategic initiatives.

Xcel Brands, Inc. (NASDAQ: XELB) reported first quarter 2022 revenues of $8.7 million, marking a 12% increase from Q1 2021 and an 8% rise from the previous quarter. Despite this growth, the company posted a net loss of $3.5 million or ($0.18) per share on a GAAP basis, widening from a $2.5 million loss in the prior year. Management anticipates continued growth and aims for a return to profitability in 2022.

Adjusted EBITDA remained negative at ($0.9 million) for both quarters, while stockholders' equity was approximately $71 million.

Xcel Brands, Inc. (NASDAQ: XELB) will announce its first quarter 2022 financial results on May 23, 2022, after market close. A conference call for investors is scheduled for 4:30 p.m. ET on the same day, with an option to join via a live webcast on Xcel's Investor Relations page. The company, involved in branded apparel and consumer products, has generated over $3 billion in retail sales through innovative live streaming and omni-channel strategies. Xcel aims to redefine shopping by integrating entertainment and social media.

Xcel Brands reported total revenues of $37.9 million for 2021, up 29% year-over-year. The fourth quarter revenues were $8.1 million, an 8% increase from Q4 2020. Despite revenue growth, the company posted a net loss of $6.9 million for Q4, and $12.2 million for the year. The losses reflect impacts from logistics issues and a fire at a retail partner's distribution center. Management targets a return to profitability in 2022, citing growth in direct-to-consumer and wholesale channels, supported by investments in technology.