---
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"
generated_at: "2026-06-05T01:06:55.914567+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-031906
- JSON: https://secwatch.observer/filing/0001104659-24-031906.json
- Plain text: https://secwatch.observer/filing/0001104659-24-031906.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1083220/000110465924031906/0001104659-24-031906-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.