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Tag: XELB STOCK

  • Xcel Brands, Inc. (XELB) stock rose after the announcement of third quarter results

    The stock of Xcel Brands, Inc. (XELB) saw a rise of 11.27% in the Pre-market to reach at $1.58 at the time of this writing. Previously the stock closed at $1.42 in the market. The volume of shares traded was 1.37 million. The main reason of this increase in the value of its share could link to its recently announced financial results of its third quarter.

    Financial highlights of 3rd quarter:

    • The revenue of the third quarter was reported to be $11.3 million. This is an increase of $3.9 million or 52% with respect to the previous year’s same quarter. The Xcel Brands, Inc. (XELB) reports that the increase was seen due to the higher net wholesales and direct Business to Consumer (B2C) sales and higher licensing sales of almost $2.3 and $1.6 Million respectively.
    • Xcel Brands, Inc. (XELB) reported a net loss $1.1 million. The net loss in the previous year same quarter was $0.4 million.
    • The net loss per share in this quarter was ($0.05) and prior year this loss was ($0.02).
    • The adjusted EBITDA of Xcel Brands, Inc. (XELB) was approx. $1.0 million and $1.4 million for the third quarter and the 3rd quarter of 2020, respectively.

    Major milestones achieved in the third quarter:

    • The increase in the net wholesale and direct Business to Consumer (B2C) sales was witnessed.
    • Direct Business to Consumer (B2C) sales saw a growth of 150% across their Longaberger and Judith Ripka brands.
    • The wholesale apparel business saw a growth of approximately 56%.
    • The wholesale jewelry business witnessed a massive growth of 400%.

    Balance sheet of Xcel Brands, Inc. (XELB):

    • The balance sheet of Xcel Brands, Inc. (XELB) was seen to appear strong. Its stockholders equity summed to a total of approx. $81 Million. Their cash and cash equivalents were almost $4.0 million.
    • As of 30th September, 2021 the working capital was $8.9 million.
    • The total debt on revolving credit facility was reported to be $25.2 million.

    Conclusion:

    The announcement of the results of their third quarter brought an impact on the stock of Xcel Brands, Inc. (XELB). This impact seems to be there for upcoming days on stock of Xcel Brands, Inc. (XELB). Investors will be keeping an eye on the fluctuations of its stock trend in the near future. Although there are no significant news by Xcel Brands, Inc. (XELB) which could have an important impact on its stock.

  • Why Xcel Brands Inc. (XELB) stock turnaround in Tuesday’s after-market?

    Why Xcel Brands Inc. (XELB) stock turnaround in Tuesday’s after-market?

    Xcel Brands Inc. (XELB) stock started Tuesday, June 15, 2021, trading by losing 10.82% and close the session at $2.06 per share. in the after-hours XELB stock gained 15.54% and close the day at $2.38 per share. XELB shares have risen 100.00% over the last 12 months, and they have moved down 12.71% in the past week. Over the past three months, the stock has gained 7.85%, while over the past six months, it has jumped 98.08%.

    Inauguration on Russell Microcap Index

    On June 11, 2021, Xcel Brands, Inc announced to join the Russell Microcap® Index after the 2021 Russell indexes annual reconstitution, effective after the U.S. market opens on June 28, according to a preliminary list of additions posted June 4, 2021.

    New appointments

    On June 1, 2021, Xcel Brands, Inc appointed Heather Bogen as the President of Wholesale Apparel. Bogen will support Xcel Brands’ successful acquisition of dynamic consumer lifestyle brands through her extensive expertise in the fashion industry.

    Recent financial results

    OnMay 17, 2021, Xcel Brands, Inc released its financial results for the first quarter ended March 31, 2021.

    Q1 2021 financial highlights

    • Total revenue was $7.8 million for Q1 2021, compared to $9.5 million for Q1 2020.
    • Gross profit was $5.9 million in Q1 2021 compared to $7.1 million in Q1 2020.
    • For Q1 2021, net loss attributable to Xcel Brands was approximately $2.5 million, or $0.13 per diluted share compared with a net loss of $0.8 million, or $0.04 per diluted share, for the prior-year quarter.
    • Adjusted EBITDA was approximately $0.9 million for Q1 2021 compared to $0.7 million for the prior year quarter.
    • As of March 31, 2021, the company had cash and cash equivalents of approximately $3.0 million, and working capital, exclusive of the current portion of lease obligations, of approximately $6.5 million. 

    FY 2020 financial results

    On April 21, 2021, Xcel Brands, Inc released its financial results for the fourth quarter ended December 31, 2020.

    FY 2020 financial highlights

    • For FY 2020, total revenue was $29.4 million compared to $41.73 million for FY 2019.
    • Net loss attributable to Xcel Brands was approximately $12.9 million, or $0.68 per diluted share in FY 2020, compared with a net loss of $3.4 million, or $0.18 per diluted share, in FY 2019.
    • Adjusted EBITDA was approximately $4.1 million for FY 2020 compared to $7.1 million for the prior year.
    • As of December 31, 2020, the company had cash and cash equivalents of approximately $5.0 million, and working capital, exclusive of the current portion of lease obligations, of approximately $7.9 million. 

    Conclusion

    Well, as of this writing there is no reason which could justify its turnaround on Tuesday. We hope that XELB will continue its positive momentum in the remaining week.