{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-031906","form_type":"8-K","ticker":"XELB","cik":"0001083220","company_name":"XCel Brands, Inc.","filed_at":"2024-03-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.314286+00:00","generated_at":"2026-06-05T01:06:55.914567+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Xcel Brands reports preliminary 2023 revenue of $17.6M and net loss of $20.9M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-031906","json":"https://secwatch.observer/filing/0001104659-24-031906.json","markdown":"https://secwatch.observer/filing/0001104659-24-031906.md","text":"https://secwatch.observer/filing/0001104659-24-031906.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1083220/000110465924031906/0001104659-24-031906-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1083220/000110465924031906/tm248242d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T01:06:55.914567+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e513a6fdf546003e7132a700c38fcb12059a579b","claim":"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 ).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1083220/000110465924031906/0001104659-24-031906-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months and year ended December 31, 2023"},{"label":"Revenue","value":"$ 2,130,000 $ 17,600,000"},{"label":"Net income","value":"$ (6,654,000 ) $ (20,908,000 )"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}