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 09:16 pm
Share
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, and social commerce sales of branded apparel, footwear, accessories, fine jewelry, home goods and other consumer products, and the acquisition of dynamic consumer lifestyle brands. It owns the Judith Ripka, Halston, LOGO by Lori Goldstein, and C. Wonder brands and a minority stake in the Isaac Mizrahi brand. It also owns and manages the Longaberger brand. The Company is engaged in pioneering a modern consumer products sales strategy, which includes the promotion and sale of products under its brands through interactive television, digital live-stream shopping, social commerce, brick-and-mortar retail, and e-commerce channels. Judith Ripka is a luxury jewelry brand and is available in fine jewelry stores, luxury retailers and via e-commerce. Lori Goldstein brands, including LOGO by Lori Goldstein, and the brand is available through the QVC channel.