---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-018049"
form_type: "8-K"
ticker: "XELB"
cik: "0001083220"
company_name: "XCel Brands, Inc."
filed_at: "2022-11-17T23:59:59+00:00"
generated_at: "2026-06-21T16:23:46.093286+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Xcel Brands Q3 revenue falls 60% to $4.5M; GAAP net loss $(0.21)/share

## Summary
- Q3 revenue $4.5M, down 60% YoY, driven by Isaac Mizrahi brand sale and industry-wide wholesale headwinds.
- GAAP net loss $4.0M ($0.21/sh); non-GAAP net loss $3.3M ($0.17/sh).
- Nine-month GAAP net income $2.0M ($0.10/sh) vs. net loss $5.2M prior year; non-GAAP net loss $8.8M ($0.45/sh).
- Adjusted EBITDA worsened to -$2.9M (Q3) and -$6.6M (9M) from +$1.0M in prior year periods.
- Appointed Ken Downing (Halston) and Christian Siriano (C. Wonder) as creative directors; Spring 2023 launches planned.

## SEC filing metadata
- accession: 0001558370-22-018049
- form_type: 8-K
- ticker: XELB
- cik: 0001083220
- company_name: XCel Brands, Inc.
- filed_at: 2022-11-17T23:59:59+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/1083220/000155837022018049/0001558370-22-018049-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1083220/000155837022018049/xelb-20221114x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-018049
- JSON: https://secwatch.observer/filing/0001558370-22-018049.json
- Plain text: https://secwatch.observer/filing/0001558370-22-018049.txt

## Key facts
- Earnings Releases
  XCel Brands, Inc. reported the quarter ended September 30, 2022 results: revenue $4.5 million, net income net loss of $4.0 million, EPS $(0.21) per share.
  - Period: the quarter ended September 30, 2022
  - Revenue: $4.5 million
  - Net income: net loss of $4.0 million
  - EPS: $(0.21) per share
  - Result: reported results
  source text: Revenues of $4.5 million for the quarter ended September 30, 2022; $21.7 million on a year-to-date basis ● Third quarter net loss of $4.0 million, or $(0.21) per share, on a GAAP basis
  evidence_url: https://www.sec.gov/Archives/edgar/data/1083220/000155837022018049/0001558370-22-018049-index.htm
- Earnings Releases
  XCel Brands, Inc. reported the nine months ended September 30, 2022 results: revenue $21.7 million, net income net income of $2.0 million, EPS $0.10 per share.
  - Period: the nine months ended September 30, 2022
  - Revenue: $21.7 million
  - Net income: net income of $2.0 million
  - EPS: $0.10 per share
  - Result: reported results
  source text: Total revenue was $21.7 million, a decrease of $8.1 million compared with the prior year nine months, driven by lower licensing revenues of $4.1 million and lower net sales of $4.0 million. The year-over-year decrease in licensing revenue was primarily attributable to May 2022 sale of the Isaac Mizrahi brand, partially offset by revenues related to the April 1, 2021 acquisition of the LOGO by Lori Goldstein brand. The decrease in net product sales for the nine months ended September 30, 2022 was primarily attributable to lower apparel wholesales, driven by the temporary closing of overseas factories, causing delays in product deliveries that resulted in cancelled orders, as well as retailers more recently pausing or reducing orders due to industry-wide excess inventory levels. ​ ​ 1333 BROADWAY, 10TH FLOOR • NEW YORK, NEW YORK • 10018 PHONE: 347-727-2474 • INFO@XCELBRANDS.COM Page 2 ​ Net income attributable to Xcel Brands shareholders for the current year nine-month period was approxi
  evidence_url: https://www.sec.gov/Archives/edgar/data/1083220/000155837022018049/0001558370-22-018049-index.htm

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