Xcel Brands Q2 revenue $6.8M, net loss $3.5M; $13M cost savings, new licenses

XCel Brands, Inc.

2023-Q2 EPS reported -$0.46 revenue$12,831,000

Revenue $6.8M, down 20% YoY but up 12.1% QoQ; net loss $3.5M ($0.18/share) vs prior-year $9.5M net income.
Adjusted EBITDA improved to ($0.9M) from ($2.8M) YoY; targeting positive monthly EBITDA in Q4 2023.
Master licenses signed: Judith Ripka with JTV, Halston with G-III Apparel, C Wonder with One Jeanswear.
Restructuring delivered $13M annualized cost savings; no debt and $3.5M cash as of June 30, 2023.
Six-month revenue $12.8M, net loss $9.1M; adjusted net loss $5.3M ($0.27/share).

item 2.02 item 7.01 item 9.01

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 six months ended June 30, 2023 results: revenue $12.8 million, net income approximately $9.1 million, or ($0.46) per share, EPS ($0.46) per share.

Period: the six months ended June 30, 2023
Revenue: $12.8 million
Net income: approximately $9.1 million, or ($0.46) per share
EPS: ($0.46) per share
Result: reported results

Exact text from the filing

into the new long-term license agreements for our Judith Ripka, Halston, and C Wonder brands. Six Month 2023 Financial Results Total revenue for the current six-month period was $12.8 million, representing a decrease of approximately $4.4 million from the prior year period of 2022. The year-over-year revenue decline from the prior six-month period compared with the

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

XCel Brands, Inc. reported the quarter ended June 30, 2023 results: revenue $6.8 million, net income approximately $3.5 million, or ($0.18) per share, EPS ($0.18) per share.

Period: the quarter ended June 30, 2023
Revenue: $6.8 million
Net income: approximately $3.5 million, or ($0.18) per share
EPS: ($0.18) per share
Result: reported results

Exact text from the filing

savings. ● Executed Master licenses for Judith Ripka, Halston and C Wonder brands with Jewelry TV (JTV), G-III Apparel Group and One Jeanswear Group, respectively. ● Revenues of $6.8 million for the quarter, an increase of $0.7 million (+12.1%) and $2.7 million (+66.8%) as compared to the quarters ended March 31, 2023, and December 31, 2022, respectively. ● GAAP net

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XCel Brands, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-23-014990

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