---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-014990"
form_type: "8-K"
ticker: "XELB"
cik: "0001083220"
company_name: "XCel Brands, Inc."
filed_at: "2023-08-15T23:59:59+00:00"
generated_at: "2026-06-11T09:10:54.424546+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001558370-23-014990
- form_type: 8-K
- ticker: XELB
- cik: 0001083220
- company_name: XCel Brands, Inc.
- filed_at: 2023-08-15T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1083220/000155837023014990/0001558370-23-014990-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1083220/000155837023014990/xelb-20230810x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-014990
- JSON: https://secwatch.observer/filing/0001558370-23-014990.json
- Plain text: https://secwatch.observer/filing/0001558370-23-014990.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1083220/000155837023014990/0001558370-23-014990-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1083220/000155837023014990/0001558370-23-014990-index.htm

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