Xcel Brands Q4 revenue $8.1M (+8%), FY revenue $37.9M (+29%); GAAP net loss $0.63/share; sees 2022 profit

XCel Brands, Inc.

2022-Q1 EPS reported -$0.18 revenue$8,747,000

FY2021 total revenue $37.9M, up 29% YoY, driven by wholesale and DTC growth; licensing rose $1.6M from Lori Goldstein acquisition.
Q4 2021 GAAP net loss $6.9M ($0.35 loss per share) vs $10.4M loss in Q4 2020; non-GAAP net loss $4.6M ($0.23 loss per share).
Full-year GAAP net loss $12.2M ($0.63/share) vs $12.9M loss in 2020; non-GAAP net loss $6.2M ($0.32/share) vs non-GAAP net income of $1.8M in 2020.
Adjusted EBITDA negative $2.5M in 2021, down from positive $4.1M in 2020; a fire at a retail partner's distribution center impacted Q4 results.
Management expects continued growth across all segments and a return to profitability in 2022, citing livestreaming investments.

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