Xcel Brands (XELB) Reports Q4 Loss of $0.02, Revenues Miss

Xcel Brands (NASDAQ: XELB) reported Q4 EPS of ($0.02), versus $0.05 reported last year. Revenue for the quarter came in at $7.5 million versus the consensus estimate of $10.9 million.

• Fourth quarter net product sales of $2.6 million, rebounding 20% from the third quarter
• Fourth quarter net loss of $10.4 million, or ($0.54) per share, on a GAAP basis; net loss of $0.3 million, or ($0.02) per share, on a non-GAAP basis
• Adjusted EBITDA of $0.2 million for the fourth quarter; $4.1 million for the fiscal year

Robert W. D'Loren, Chairman and Chief Executive Officer of Xcel commented, “Our fourth quarter financial results reflect the current economic environment brought about by the COVID-19 pandemic. We are encouraged by the opportunities and growth potential we see in digital live-streaming and our recent acquisition of the LOGO Lori Goldstein brand. We expect growth to accelerate and our operating results to improve across our business in 2021.”

For earnings history and earnings-related data on Xcel Brands (XELB) click here.

You May Also Be Interested In

• IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
• Bristol-Myers Squibb (BMY) stock slips despite earnings beat
• Standard BioTools (LAB) Announces Operational Restructuring Plan, Cuts 10% Staff