XCEL BRANDS INC. - XELB STOCK NEWS

Xcel Brands, Inc. (NASDAQ: XELB) reported third quarter 2021 revenues of $11.3 million, a 52% increase from the prior year, driven by robust growth across wholesale and direct-to-consumer sales. Direct-to-consumer sales surged 150% for Longaberger and Judith Ripka brands. Despite revenue growth, the net loss attributable to shareholders increased to $1.1 million due to higher operating expenses, compared to a loss of $0.4 million in Q3 2020. The company's strong balance sheet showed $81 million in stockholders' equity and $4 million in cash as of September 30, 2021.

Xcel Brands, Inc. (NASDAQ: XELB) will disclose its third quarter 2021 financial results on November 15, 2021, after market close. A conference call for investors is scheduled for 5:00 p.m. Eastern Time the same day. The call will be accessible via a live webcast on Xcel's Investor Relations website, with replay options available for two weeks. Xcel Brands engages in designing, marketing, and selling consumer products, generating over $3 billion in retail sales via live streaming. Its portfolio includes noted brands like Isaac Mizrahi and Judith Ripka.

Xcel Brands reported impressive second quarter results for 2021, with net product sales reaching $4.5 million, a 700% increase from Q2 2020, and a 30% rise from Q1 2021. Total revenue totaled $10.8 million, up $5.7 million year-over-year. Licensing revenue also climbed to $6.3 million, marking a 38% year-over-year growth. However, the company still posted a net loss of $1.6 million, equivalent to ($0.08) per share. The acquisition of the LOGO Lori Goldstein brand contributed significantly to growth, and adjusted EBITDA for the quarter was approximately $0.9 million.

Xcel Brands, Inc. (NASDAQ: XELB) will report its second quarter 2021 financial results on August 12, 2021, after market close. The company will host a conference call for investors at 5:00 p.m. Eastern Time on the same day. Interested parties can access the live webcast through the Investor Relations section of Xcel's website or join via phone. Xcel specializes in the design, production, and marketing of branded consumer products, with a notable track record generating over $3 billion in retail sales through live streaming on TV.

Longaberger, a renowned American home goods brand, will host its inaugural Homecoming Event on July 23, 2021, in Columbus, Ohio. This gathering celebrates the brand's 125th anniversary and the first anniversary of its acquisition by XCEL Brands. Attendees can explore the venue from 5:30 PM EST, enjoying hors d'oeuvres and exclusive product access. A live-streaming showcase of Longaberger's new jewelry collection will follow at 9:30 PM EST. Virtual attendance options are available to engage a broader audience.

Xcel Brands (NASDAQ: XELB) will join the Russell Microcap® Index effective June 28, following the 2021 Russell indexes annual reconstitution. This inclusion reflects Xcel's recovery from the impacts of the COVID-19 pandemic on the apparel sector. CEO Robert W. D'Loren highlighted the company's strong brands and capital position, noting progress in expanding their business across distribution channels. Membership in the Russell Microcap Index grants broader visibility to investors, given that approximately $10.6 trillion in assets benchmark against Russell’s U.S. indexes.

Xcel Brands (NASDAQ: XELB) has appointed Heather Bogen as President of Wholesale Apparel, effective June 1, 2021. Bogen comes with nearly 30 years of experience in the fashion industry, having held leadership roles at prominent companies such as G-III Apparel Group and LVMH. CEO Robert W. D'Loren expressed confidence in her ability to drive sales and maximize opportunities for Xcel's brands. Bogen's role will focus on enhancing wholesale sales and implementing innovative strategies to support the company's growth in the apparel sector.

Xcel Brands, Inc. reported first-quarter 2021 net product sales of $3.5 million, a 35% rebound from the previous quarter. However, the company faced a net loss of $2.5 million (or ($0.13) per share) on a GAAP basis.

Adjusted EBITDA stood at $(0.9) million. Total revenue decreased to $7.8 million, down $1.7 million year-over-year, primarily due to the discontinuation of the H Halston brand licensing. Despite challenges, gross profit margins improved from 38% to 48% for product sales. The company anticipates growth in the second half of 2021.

Xcel Brands, Inc. (NASDAQ: XELB) will release its first quarter 2021 financial results on May 17, 2021, after market closure. A conference call for investors will be held at 5:00 p.m. ET on the same day, with live streaming available on Xcel's Investor Relations website. The company, founded in 2011, specializes in media and consumer products, generating over $3 billion in retail sales through interactive television. Xcel owns several notable brands including Isaac Mizrahi and Halston, aiming to integrate shopping with entertainment.