Welcome to our dedicated page for Xcel Brands news (Ticker: XELB), a resource for investors and traders seeking the latest updates and insights on Xcel Brands stock.
Xcel Brands, Inc. (NASDAQ: XELB) is a media and consumer products company that regularly issues news about its branded apparel, footwear, accessories, fine jewelry, home goods and other consumer products, as well as its social commerce and livestreaming activities. Founded in 2011 and headquartered in New York City, the company focuses on building and managing lifestyle brands such as Halston, Judith Ripka, C. Wonder, and Longaberger, along with creator-led collaborations including TowerHill by Christie Brinkley, Trust. Respect. Love by Cesar Millan, GemmaMade by Gemma Stafford, and Mesa Mia by Jenny Martinez.
News related to Xcel Brands often covers several key areas. Earnings releases and conference call announcements provide updates on revenues, net income or loss, non-GAAP net income, and Adjusted EBITDA, along with commentary on cost reductions, brand divestitures, and changes in licensing revenue. Capital markets updates detail public offerings, private placements, and PIPE financings, including the intended use of proceeds for brand development, working capital, and general corporate purposes.
Another major theme in XELB news is the launch and expansion of creator-led and influencer-driven brands. Press releases describe strategic partnerships with creators and product development partners, such as TSC Product Lab, to introduce new kitchenware, food, and home-focused brands that align with the company’s social commerce strategy. Governance and corporate updates, including changes in senior leadership roles and auditor appointments, are also disclosed through news and Form 8-K filings.
Investors and followers of XELB news can use this stream of announcements to track new brand launches, licensing partnerships, livestreaming initiatives, financing transactions, and the company’s evolving social commerce footprint.
Xcel Brands, Inc. (NASDAQ: XELB) reported first quarter 2022 revenues of $8.7 million, marking a 12% increase from Q1 2021 and an 8% rise from the previous quarter. Despite this growth, the company posted a net loss of $3.5 million or ($0.18) per share on a GAAP basis, widening from a $2.5 million loss in the prior year. Management anticipates continued growth and aims for a return to profitability in 2022.
Adjusted EBITDA remained negative at ($0.9 million) for both quarters, while stockholders' equity was approximately $71 million.
Xcel Brands, Inc. (NASDAQ: XELB) will announce its first quarter 2022 financial results on May 23, 2022, after market close. A conference call for investors is scheduled for 4:30 p.m. ET on the same day, with an option to join via a live webcast on Xcel's Investor Relations page. The company, involved in branded apparel and consumer products, has generated over $3 billion in retail sales through innovative live streaming and omni-channel strategies. Xcel aims to redefine shopping by integrating entertainment and social media.
Xcel Brands reported total revenues of $37.9 million for 2021, up 29% year-over-year. The fourth quarter revenues were $8.1 million, an 8% increase from Q4 2020. Despite revenue growth, the company posted a net loss of $6.9 million for Q4, and $12.2 million for the year. The losses reflect impacts from logistics issues and a fire at a retail partner's distribution center. Management targets a return to profitability in 2022, citing growth in direct-to-consumer and wholesale channels, supported by investments in technology.
Xcel Brands, Inc. (NASDAQ: XELB) will announce its fourth quarter 2021 financial results on April 14, 2022, before market opening. A conference call for investors will follow at 9:00 a.m. Eastern Time. Interested parties can join the live webcast or dial in. Xcel Brands is a media and consumer products company known for its unique omni-channel sales strategy, which integrates branded apparel, accessories, and home goods through multiple distribution methods including live streaming and e-commerce. The company has generated over $3 billion in retail sales through these channels.
Xcel Brands, Inc. (NASDAQ: XELB) reported third quarter 2021 revenues of $11.3 million, a 52% increase from the prior year, driven by robust growth across wholesale and direct-to-consumer sales. Direct-to-consumer sales surged 150% for Longaberger and Judith Ripka brands. Despite revenue growth, the net loss attributable to shareholders increased to $1.1 million due to higher operating expenses, compared to a loss of $0.4 million in Q3 2020. The company's strong balance sheet showed $81 million in stockholders' equity and $4 million in cash as of September 30, 2021.
Xcel Brands, Inc. (NASDAQ: XELB) will disclose its third quarter 2021 financial results on November 15, 2021, after market close. A conference call for investors is scheduled for 5:00 p.m. Eastern Time the same day. The call will be accessible via a live webcast on Xcel's Investor Relations website, with replay options available for two weeks. Xcel Brands engages in designing, marketing, and selling consumer products, generating over $3 billion in retail sales via live streaming. Its portfolio includes noted brands like Isaac Mizrahi and Judith Ripka.
Xcel Brands reported impressive second quarter results for 2021, with net product sales reaching $4.5 million, a 700% increase from Q2 2020, and a 30% rise from Q1 2021. Total revenue totaled $10.8 million, up $5.7 million year-over-year. Licensing revenue also climbed to $6.3 million, marking a 38% year-over-year growth. However, the company still posted a net loss of $1.6 million, equivalent to ($0.08) per share. The acquisition of the LOGO Lori Goldstein brand contributed significantly to growth, and adjusted EBITDA for the quarter was approximately $0.9 million.
Xcel Brands, Inc. (NASDAQ: XELB) will report its second quarter 2021 financial results on August 12, 2021, after market close. The company will host a conference call for investors at 5:00 p.m. Eastern Time on the same day. Interested parties can access the live webcast through the Investor Relations section of Xcel's website or join via phone. Xcel specializes in the design, production, and marketing of branded consumer products, with a notable track record generating over $3 billion in retail sales through live streaming on TV.
Longaberger, a renowned American home goods brand, will host its inaugural Homecoming Event on July 23, 2021, in Columbus, Ohio. This gathering celebrates the brand's 125th anniversary and the first anniversary of its acquisition by XCEL Brands. Attendees can explore the venue from 5:30 PM EST, enjoying hors d'oeuvres and exclusive product access. A live-streaming showcase of Longaberger's new jewelry collection will follow at 9:30 PM EST. Virtual attendance options are available to engage a broader audience.
Xcel Brands (NASDAQ: XELB) will join the Russell Microcap® Index effective June 28, following the 2021 Russell indexes annual reconstitution. This inclusion reflects Xcel's recovery from the impacts of the COVID-19 pandemic on the apparel sector. CEO Robert W. D'Loren highlighted the company's strong brands and capital position, noting progress in expanding their business across distribution channels. Membership in the Russell Microcap Index grants broader visibility to investors, given that approximately $10.6 trillion in assets benchmark against Russell’s U.S. indexes.