Xcel Brands reports preliminary 2023 revenue of $17.6M and net loss of $20.9M

XCel Brands, Inc.

Q4 2023 revenue $2.13M; full-year revenue $17.6M vs prior 2024 goal of $17.7M reiterated as not a forecast.
Full-year net loss attributable to stockholders $20.9M ($0.81 per share); Q4 net loss $6.65M.
Full-year adjusted EBITDA loss of $5.65M; Q4 adjusted EBITDA loss of $1.07M.
Year-end cash and cash equivalents approximately $3.0M.
Results are preliminary and unaudited; independent accounting firm has not audited or reviewed.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

XCel Brands, Inc. reported the three months and year ended December 31, 2023 results: revenue $ 2,130,000 $ 17,600,000, net income $ (6,654,000 ) $ (20,908,000 ).

Period: the three months and year ended December 31, 2023
Revenue: $ 2,130,000 $ 17,600,000
Net income: $ (6,654,000 ) $ (20,908,000 )
Result: preliminary results

Exact text from the filing

estimated financial information for the three months and year ended December 31, 2023: Three Months Ended December 31, 2023 Year Ended December 31, 2023 Revenue $ 2,130,000 $ 17,600,000 Pretax net loss (1) $ (5,454,000 ) $ (19,708,000 ) Net Loss $ (6,654,000 ) $ (20,908,000 ) Adjusted EBITDA $ (1,073,000 ) $ (5,645,000 ) (1) Pretax loss is lower than

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XCel Brands, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-24-031906

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