Xcel Brands, Inc. Reports Earnings Results for the Full Year Ended December 31, 2022
April 17, 2023 at 04:53 pm EDT
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Xcel Brands, Inc. reported earnings results for the full year ended December 31, 2022. For the full year, the company reported sales was USD 11.04 million compared to USD 16.06 million a year ago. Revenue was USD 25.78 million compared to USD 37.93 million a year ago.
Net loss was USD 4.02 million compared to USD 12.18 million a year ago. Basic loss per share from continuing operations was USD 0.2 compared to USD 0.63 a year ago. Diluted loss per share from continuing operations was USD 0.2 compared to USD 0.63 a year ago.
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. 
