earnings
confidence high
sentiment negative
materiality 0.70
Xcel Brands posts preliminary Q2 net income $195K on $3.8M gain from asset sale
XCel Brands, Inc.
2024-Q2 EPS reported
-$0.28
revenue$5,138,000
- Revenue $2.95M (Q2), $5.14M (H1 2024); net loss $6.1M for six months.
- Q2 net income includes $3.8M one-time gain from sale of Lori Goldstein brand assets.
- Adjusted EBITDA loss of $40K in Q2; impairment charge of $1.2M from office exit.
- Results are preliminary and unaudited; subject to completion of financial closing.