Xcel Brands - XELB STOCK NEWS

Xcel Brands (NASDAQ: XELB) has announced a strategic partnership with Latina home cook and social media influencer Jenny Martinez to launch a new food and kitchenware brand. Martinez, a national bestselling cookbook author and creator of Happy Bellies by Jenny, will collaborate with Xcel to develop products rooted in Mexican culture.

The partnership aims to create authentic Latino-inspired food and kitchen products, which will be distributed through live shopping channels and select retailers later in 2025. This collaboration aligns with Xcel's strategy of building influencer-driven brands through social commerce and livestreaming, supporting their goal of reaching over 100 million social media followers across their brand portfolio.

Xcel Brands (NASDAQ: XELB) has announced a strategic partnership with renowned baker, chef, and YouTube creator Gemma Stafford to launch a comprehensive line of bakeware and home essentials. This collaboration marks Stafford's first venture into product development, leveraging her 11-year experience reaching millions of home bakers through Bigger Bolder Baking.

The collection, set to launch in Spring 2026, will feature professional-quality bakeware, cookware, kitchen tools, and home essentials, blending functionality with timeless style inspired by Stafford's Irish heritage. The products will be available through select retailers, e-commerce platforms, and live shopping channels.

This partnership aligns with Xcel Brands' strategy of building influencer-driven brands through social commerce and livestreaming, contributing to their goal of reaching over 100 million social media followers across their brand portfolio.

Xcel Brands (NASDAQ: XELB) has announced a strategic partnership with renowned dog behaviorist Cesar Millan to launch 'Trust-Respect-Love by Cesar Millan', a new premium pet brand. The collaboration will introduce high-quality pet essentials including toys, training tools, and accessories, set to launch in Spring 2026.

The brand combines Millan's 20+ years of expertise in canine psychology with Xcel's brand-building and social commerce capabilities. With Millan's following of over 21 million across social media and presence in 120+ countries, the partnership aims to target both English and Spanish-speaking markets.

The brand will serve as an educational platform, offering expert guidance alongside products. Xcel will showcase the brand at the Global Pet Expo from March 26-28, 2025. Products will be available through select retailers, e-commerce platforms, and live-stream shopping.

Xcel Brands (NASDAQ: XELB) has announced a 1-for-10 reverse stock split effective March 25, 2025. The company's common stock will continue trading on Nasdaq under 'XELB' with a new CUSIP number 98400M200.

For every ten shares of issued and outstanding common stock, stockholders will receive one share. While ownership percentages remain unchanged, no fractional shares will be issued. Instead, affected stockholders will receive cash payments based on the closing price before the amendment date multiplied by the reverse split ratio.

The split, approved by stockholders on March 12, 2025, aims to bring the company into compliance with Nasdaq's $1.00 minimum bid price requirement. The company's transfer agent, Continental Stock Transfer & Trust Company, will manage the exchange process, with automatic adjustments for shares held through brokers.

Xcel Brands (NASDAQ: XELB) reported Q3 2024 financial results with a net loss of $9.2 million, including a $6.3 million non-cash charge for contingent obligation, compared to a $5.1 million loss in Q3 2023. Total revenue decreased 28% to $1.9 million. The company's non-GAAP net loss improved by 56% to $1.3 million, while Adjusted EBITDA was negative $1.0 million, showing improvement from negative $1.4 million in the prior year quarter.

Direct Operating Costs decreased by 50% to $2.8 million. The company secured a new $10 million term loan in November 2024, providing approximately $5 million in additional liquidity. Revenue decline was primarily due to the Lori Goldstein brand divestiture and hurricane-related show cancellations at their interactive TV retailer's location.

Xcel Brands (NASDAQ: XELB) has scheduled its third quarter 2024 financial results announcement for December 20, 2024. The company will host a conference call with investors on December 23, 2024, at 5:00 p.m. ET. Investors can access the conference call through a webcast on Xcel's website or by dialing 800-715-9871 or 646-307-1963 using Conference ID 9838743. A replay of the webcast will be available on the company's website.

Xcel Brands (NASDAQ: XELB) has received a delinquency notification from Nasdaq on November 25, 2024, for failing to file its Q3 2024 Form 10-Q on time. This non-compliance with Nasdaq Listing Rule 5250(c)(1) does not immediately affect the company's listing status. Xcel must submit a compliance plan within 60 days, and if accepted, Nasdaq may grant an extension until May 19, 2025, to regain compliance. The company plans to file the Form 10-Q within the 60-day window to maintain its listing requirements.

Xcel Brands (NASDAQ: XELB) reported its Q2 2024 financial results, showing a net income of $0.2 million compared to a $3.5 million loss in Q2 2023. The company's net licensing revenues grew 16% year-over-year, driven by new licenses and brand launches. Direct Operating Costs decreased by 40% to $3.1 million. Adjusted EBITDA approached break-even, improving from negative $1.3 million in Q2 2023.

Total revenue for Q2 2024 was $3.0 million, down 56% from Q2 2023, primarily due to the discontinuation of wholesale businesses. The company's balance sheet showed stockholders' equity of $44 million and cash and cash equivalents of $0.9 million as of June 30, 2024.

Xcel Brands, Inc. (NASDAQ: XELB) has announced that it will report its second quarter 2024 financial results on August 14, 2024. The company will hold a conference call with the investment community on the same day at 9:30 a.m. ET. Investors can access the webcast of the conference call live on the Investor Relations section of Xcel's website or directly through a provided link. For those unable to access the webcast, dial-in options are available. A replay of the webcast will be made available on Xcel's website for those who cannot attend the live call.