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

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Xcel Brands, Inc. Announces Fourth Quarter and Fiscal Year 2020 Results

April 21, 2021 4:13 PM EDT

Fourth quarter net product sales of $2.6 million, rebounding 20% from the third quarterFourth 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

NEW YORK, April 21, 2021 (GLOBE NEWSWIRE) -- Xcel Brands, Inc. (NASDAQ: XELB) (Xcel or the Company), a media and consumer products company, today announced its financial results for the fourth quarter... More