Xcel Brands, Inc. Provides Earnings Guidance for the Three Months and Year Ended December 31, 2023 and for the Year 2024
March 07, 2024 at 04:16 pm EST
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Xcel Brands, Inc. provided earnings guidance for the three months and year ended December 31, 2023 and for the year 2024. For the three months ended December 31, 2023, the company expects revenue of $2,130,000 and net loss of $6,654,000.
For the year ended December 31, 2023, the company expects revenue of $17,600,000 and net loss of $20,908,000.
For the year 2024, the company expects top line revenue of $17.7 million.
Xcel Brands, Inc. is a media and consumer products company. The Company is engaged in the designing, production, marketing, live streaming, wholesale distribution and direct-to-consumer sales of branded apparel, footwear, accessories, fine jewelry, home goods and other consumer products, and the acquisition of dynamic consumer lifestyle brands. The Companyâs brand portfolio consists of the Lori Goldstein, Halston, Judith Ripka, C Wonder, Longaberger, and Isaac Mizrahi Brands, and other proprietary brands, including the various labels under these brands. Judith Ripka is a luxury jewelry brand and is available in fine jewelry stores, luxury retailers and via e-commerce. C Wonder offers womenâs clothing, footwear, jewelry and accessories. The Halston brand is a fashion brand and is available across various distribution channels, including department stores, e-commerce, interactive television, and national specialty retailers.
XCEL BRANDS, INC. 
