New Risk • Jul 07
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.92m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$6.5m free cash flow). Shareholders have been substantially diluted in the past year (150% increase in shares outstanding). Market cap is less than US$10m (US$9.92m market cap). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$7.3m net loss next year). Share price has been volatile over the past 3 months (15% average weekly change). Revenue is less than US$5m (US$4.8m revenue). Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Director Jim Fielding was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 13
Xcel Brands, Inc. to Report Q1, 2026 Results on May 14, 2026 Xcel Brands, Inc. announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on May 14, 2026 Announcement • Apr 26
Xcel Brands, Inc. Launches GemmaMade By Gemma Stafford On QVC Xcel Brands announced International Baking Star, chef and creator of the YouTube sensation Bigger Bolder Baking, Gemma Stafford, will be premiering GemmaMade by Gemma Stafford on QVC Sunday, April 26th, 2026. For her debut collection, GemmaMade by Gemma Stafford draws inspiration from her Irish heritage, featuring signature kitchen pieces designed to bring the spirit of Ireland into the home. The collection includes thoughtfully crafted tools like her signature Magic Bowls and Mugs, alongside traditional baked goods such as her Traditional Irish Scones, inviting home bakers to create and share comforting, heritage-inspired delicacies. GemmaMade empowers home bakers to streamline their time in the kitchen, offering intuitive tools and essentials that make baking more approachable, efficient, and enjoyable without compromising on quality or tradition. GemmaMade by Gemma Stafford brings a new perspective to baking and home cooking that will make her an immediate sensation with the QVC customer. Tune into Gemma when she premieres on QVC Sunday, April 26th and again on Wednesday, April 29th. New Risk • Mar 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Shareholders have been substantially diluted in the past year (148% increase in shares outstanding). Market cap is less than US$10m (US$8.07m market cap). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$8.6m net loss in 2 years). Revenue is less than US$5m (US$5.0m revenue). Board Change • Feb 17
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Director Jim Fielding was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 18
Xcel Brands, Inc. announced that it expects to receive $2.049993 million in funding Xcel Brands, Inc entered into a securities purchase agreement for a private investment to issue 1,670,055 shares of common stock (or pre-funded warrants in lieu thereof) at an issue price of $1.2275 for the proceeds of 2,049,992.5125 along with common stock purchase warrants to purchase up to 835,023 shares of common stock on December 17, 2025. The warrants issued in the offering are exercisable at an exercise price of $3.00 per share, subject to adjustment as provided therein, and will expire five years from the date of issuance. Securities will be offered pursuant to Regulation D. Announcement • Nov 18
Xcel Brands, Inc. announced delayed 10-Q filing On 11/17/2025, Xcel Brands, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Nov 15
Xcel Brands, Inc. to Report Q3, 2025 Results on Nov 19, 2025 Xcel Brands, Inc. announced that they will report Q3, 2025 results on Nov 19, 2025 Major Estimate Revision • Oct 07
Consensus EPS estimates fall by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$6.60m to US$6.35m. Losses expected to increase from US$3.51 per share to US$4.05. Specialty Retail industry in the US expected to see average net income growth of 8.7% next year. Consensus price target down from US$6.33 to US$5.67. Share price rose 11% to US$1.96 over the past week. Announcement • Oct 07
Xcel Brands, Inc., Annual General Meeting, Dec 03, 2025 Xcel Brands, Inc., Annual General Meeting, Dec 03, 2025. Location: 550 seventh avenue, 11th floor, new york,10018., new york, United States New Risk • Oct 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Shareholders have been substantially diluted in the past year (103% increase in shares outstanding). Market cap is less than US$10m (US$8.24m market cap). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (US$6.6m net loss in 2 years). Announcement • Sep 20
Xcel Brands, Inc. Appoints Olin C. Lancaster as Chief Revenue Officer Xcel Brands, Inc. announced the appointment of Olin C. Lancaster as Chief Revenue Officer. With more than three decades of leadership in global consumer brands, Lancaster brings a proven track record of driving revenue growth, brand building, and operational excellence. Lancaster’s career spans senior leadership roles at Kenneth Cole, DKNY, Global Brands Group, Ralph Lauren, and most recently Meridian Brands, where he served as CEO. At Ralph Lauren, he oversaw the North American wholesale business which experienced significant growth and profit expansion during his tenure. At Meridian, he guided the company through a successful rebrand and restructuring, significantly strengthening profitability and operational performance. Originally from Dallas, Texas, Lancaster is a graduate of Southern Methodist University, where he earned a BA in History with minors in Business and Economics. Lancaster also serves on the board of Mizzen + Main and is an active supporter of The Meadows Foundation in Dallas. Major Estimate Revision • Aug 21
Consensus revenue estimates fall by 17% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$9.60m to US$7.98m. Forecast losses increased from -US$2.26 to -US$2.62 per share. Specialty Retail industry in the US expected to see average net income growth of 5.7% next year. Consensus price target of US$8.00 unchanged from last update. Share price rose 13% to US$1.20 over the past week. Board Change • Aug 17
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Jim Fielding was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 12
Xcel Brands, Inc. to Report Q2, 2025 Results on Aug 14, 2025 Xcel Brands, Inc. announced that they will report Q2, 2025 results on Aug 14, 2025 Announcement • Jul 15
IMWHP, LLC and IMWHP2 LLC entered into a membership interest transfer agreement to acquire 12.50% stake in IM Topco, LLC from Xcel Brands, Inc. (NasdaqCM : XELB). IMWHP, LLC and IMWHP2 LLC entered into a membership interest transfer agreement to acquire 12.50% stake in IM Topco, LLC from Xcel Brands, Inc. (NasdaqCM : XELB) on April 15, 2025. Announcement • Jul 03
Xcel Brands, Inc. has filed a Follow-on Equity Offering in the amount of $4.998617 million. Xcel Brands, Inc. has filed a Follow-on Equity Offering in the amount of $4.998617 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 1,381,215
Price\Range: $1.81
Discount Per Security: $0.1448
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant
Securities Offered: 1,381,215
Price\Range: $1.809
Discount Per Security: $0.14472 Announcement • Jun 04
Xcel Brands, Inc. to Report Q1, 2025 Results on Jun 04, 2025 Xcel Brands, Inc. announced that they will report Q1, 2025 results on Jun 04, 2025 Announcement • May 29
Xcel Brands Receives Nasdaq Notice Regarding Delinquent Form 10-K and Form 10-Q Filing Xcel Brands, Inc. announced that on May 22, 2025, it received a delinquency notification letter from the Nasdaq Stock Market LLC ("Nasdaq") indicating that since Nasdaq has not received the Company’s Form 10-Q for the period ended March 31, 2025 indicating that, and because the Company remains delinquent in filing its Form 10-K for the year ended December 31, 2024, does not comply with Nasdaq’s Listing Rules for internal listing. The Nasdaq notice has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq Capital Market. Nasdaq has informed the Company that in accordance with its April 29, 2025 letter to the Company that the Company has until June 30, 2025 to submit a plan (the "Plan") to regain compliance with respect to the delinquent reports and that any exception to allow the Company to regain compliance, if granted, will be limited to October 13, 2025. The Company filed the delinquent Form 10-K on May 28, 2025 and intends to file the delinquent Form 10-Q as soon as practicable and, in any event, on or prior to June 30, 2025 and thereby regain compliance with the Nasdaq continued listing requirements and eliminate the need for the Company to submit a Plan. Announcement • May 17
Xcel Brands, Inc. announced delayed 10-Q filing On 05/16/2025, Xcel Brands, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • May 03
Xcel Brands Receives Nasdaq Notice Regarding Late Form 10-K Filing Xcel Brands, Inc. announced that on April 29, 2025, it received a delinquency notification letter from the Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1), because it had not timely filed its Annual Report on Form 10-K for the year ended December 31, 2024 (the "Form 10-K"). The Nasdaq notice has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq Capital Market. Nasdaq has informed the Company that it must submit a plan of compliance (the "Plan") within 60 calendar days, addressing how it intends to regain compliance with Nasdaq's listing rules and, if Nasdaq accepts the Plan, it may grant an extension of up to 180 calendar days from the Form 10-K original filing due date, or until October 13, 2025, to regain compliance. The Company intends to file its Form 10-K as soon as practicable and, in any event, within the 60-day period referenced above, and thereby regain compliance with the Nasdaq continued listing requirements and eliminate the need for the Company to submit a Plan. Announcement • Apr 25
Xcel Brands, Inc. announced that it expects to receive $9 million in funding from United Trademarks Group Xcel Brands, Inc. announced a private placement for the gross proceeds of $9 million on April 24, 2025. The transaction will include participation from United Trademark Group. Announcement • Apr 23
Xcel Brands, Inc. Announces Launch of Food and Kitchen Collection Xcel Brands announced an exciting partnership with Latina home and lifestyle creator Jenny Martinez. Together, they will launch a food and kitchenware brand designed to bring tradition and taste to every meal. Jenny believes food connects, inspires, and creates lasting memories. Rooted in Mexican culture, her mission is to bring joy and creativity to every kitchen with thoughtfully designed, high-quality food and kitchenware. From authentic Latino flavors to new creations, Jenny Martinez products will bring the warmth of tradition into every bite. Jenny's deep connection with her community and joyful approach to cooking made her a natural partner for Xcel Brands, which is committed to creating powerful lifestyle brands that resonate across cultures and generations. With a devoted following across social media and her growing online platforms, Jenny's influence continues to bring families together through food, storytelling, and cultural pride. This partnership will provide more than just high-quality products and educational resources-- it's a celebration of family, tradition, and authenticity. The Jenny Martinez Live brand is set to launch on live shopping channels and select retailers later this year. Announcement • Apr 02
Xcel Brands, Inc. announced delayed annual 10-K filing On 04/01/2025, Xcel Brands, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Major Estimate Revision • Apr 01
Consensus EPS estimates fall by 17% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$9.25m to US$8.98m. Losses expected to increase from US$7.40 per share to US$8.63. Specialty Retail industry in the US expected to see average net income growth of 16% next year. Consensus price target of US$18.75 unchanged from last update. Share price fell 30% to US$3.05 over the past week. Announcement • Mar 24
Cesar Millan Partners with Xcel Brands to Launch Next-Level Pet Brand Xcel Brands, Inc. is partnering with renowned dog behaviorist, New York Times best-selling author, and global television star Cesar Millan to launch an innovative pet brand, "Trust-Respect-Love by Cesar Millan," that will redefine the pet industry. Spanning multiple pet categories, this new brand will introduce a collection of high-quality, purpose-driven products designed and developed in collaboration with Cesar Millan to enhance the bond between pets and their owners through trust, respect, and love. Cesar Millan brings over two decades of experience to this exciting new venture. The brand will feature premium pet essentials, including toys, training tools, and accessories. Every product reflects Cesar's core values of trust, respect, and love--offering solutions that are both functional and deeply aligned with the principles of balanced relationships between dogs and humans. By combining Cesar's expertise in canine psychology with Xcel Brands' proven success in brand building, licensing, content creation, and social commerce, Xcel Brands is creating a transformative pet brand that delivers innovation, quality, and education to pet owners worldwide. With over 21 million loyal followers across social media and a presence in more than 120+ countries through his hit TV series, Cesar Millan is uniquely positioned to lead the next wave of pet care innovation. With Cesar's heritage and global influence, the brand will uniquely resonate with both English and Spanish-speaking markets, fostering inclusivity and connection. The new brand, "Trust-Res expect- Love by Cesar Millan," will also serve as an educational platform, combining top-tier products with expert guidance helping pet owners nurture balanced, happy pets. With the expanding pet industry, this partnership is strategically positioned to set new trends and create an engaging community of pet owners. As part of its anticipated debut, Xcel will be showcasing the brand at Global Pet Expo, the pet industry's premier event on March 26 - 28, 2025. The brand is set to launch in Spring 2026, with availability through select retailers, e-commerce platforms, and live-stream shopping. Board Change • Feb 15
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Jim Fielding was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 20
Xcel Brands, Inc. to Report Q3, 2024 Results on Dec 20, 2024 Xcel Brands, Inc. announced that they will report Q3, 2024 results on Dec 20, 2024 Announcement • Nov 28
Xcel Brands, Inc. Receives Nasdaq Notice Regarding Late Form 10-Q Filing Xcel Brands, Inc. announced that on November 25, 2024, it received a delinquency notification letter from the Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1), because it had not timely filed its Quarterly Report on Form 10-Q for the quarter ended September 30, 2024 (the "Form 10-Q"). The Nasdaq notice has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq Capital Market. Nasdaq has informed the Company that it must submit a plan of compliance (the "Plan") within 60 calendar days, addressing how it intends to regain compliance with Nasdaq's listing rules and, if Nasdaq accepts the Plan, it may grant an extension of up to 180 calendar days from the Form 10-Q original filing due date, or until May 19, 2025, to regain compliance. The Company intends to file its Form 10-Q as soon as practicable and, in any event, within the 60-day period referenced above, and thereby regain compliance with the Nasdaq continued listing requirements and eliminate the need for the Company to submit a Plan. Announcement • Nov 16
Xcel Brands, Inc. announced delayed 10-Q filing On 11/15/2024, Xcel Brands, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Oct 23
Xcel Brands, Inc., Annual General Meeting, Dec 10, 2024 Xcel Brands, Inc., Annual General Meeting, Dec 10, 2024. Location: xcel brands, inc.s offices, at 550 seventh avenue 11floor, ny,10018, new york, United States Board Change • Aug 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Jim Fielding was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 13
Xcel Brands, Inc. to Report Q2, 2024 Results on Aug 14, 2024 Xcel Brands, Inc. announced that they will report Q2, 2024 results on Aug 14, 2024 Announcement • Apr 16
Xcel Brands, Inc. to Report Q4, 2023 Results on Apr 16, 2024 Xcel Brands, Inc. announced that they will report Q4, 2023 results on Apr 16, 2024 Announcement • Apr 03
Xcel Brands, Inc. announced delayed annual 10-K filing On 04/02/2024, Xcel Brands, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. New Risk • Mar 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$388k net loss in 2 years). Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (US$18.1m market cap). Announcement • Mar 16
Xcel Brands, Inc. has completed a Follow-on Equity Offering in the amount of $2.134874 million. Xcel Brands, Inc. has completed a Follow-on Equity Offering in the amount of $2.134874 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 3,284,422
Price\Range: $0.65 Announcement • Mar 15
Xcel Brands, Inc. has filed a Follow-on Equity Offering. Xcel Brands, Inc. has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant Price Target Changed • Feb 15
Price target increased by 467% to US$4.25 Up from US$0.75, the current price target is an average from 2 analysts. New target price is 305% above last closing price of US$1.05. Stock is up 28% over the past year. The company is forecast to post a net loss per share of US$0.88 next year compared to a net loss per share of US$0.20 last year. Board Change • Feb 15
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Jim Fielding was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 28
Xcel Brands, Inc., Annual General Meeting, Dec 06, 2023 Xcel Brands, Inc., Annual General Meeting, Dec 06, 2023, at 11:00 Eastern Daylight. Location: xcel brands, inc’s offices at 1333 broadway, 10th floor, New York United States Agenda: To consider election of five directors; and to consider ratification of the appointment of marcum llp as independent registered public accounting firm for the fiscal year ending December 31, 2023; and to transact such other business as may properly come before the annual meeting or any postponements or adjournments thereof. Major Estimate Revision • Aug 25
Consensus EPS estimates fall by 20% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$19.9m to US$19.6m. Losses expected to increase from US$0.61 per share to US$0.73. Specialty Retail industry in the US expected to see average net income decline 4.4% next year. Consensus price target of US$5.00 unchanged from last update. Share price fell 23% to US$1.32 over the past week. New Risk • Aug 24
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: US$19m Forecast net loss in 2 years: US$157k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (18% average weekly change). Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$7.2m). Currently unprofitable and not forecast to become profitable over next 2 years (US$157k net loss in 2 years). Market cap is less than US$100m (US$29.8m market cap). Board Change • Aug 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Jim Fielding was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 09
Xcel Brands, Inc. to Report Q2, 2023 Results on Aug 10, 2023 Xcel Brands, Inc. announced that they will report Q2, 2023 results on Aug 10, 2023 Announcement • Jun 30
Xcel Brands Regains Compliance with NASDAQ Minimum Bid Price Requirement Xcel Brands, Inc. announced that it received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market on June 28, 2023, notifying the Company that it had regained compliance with the minimum bid price requirement. Xcel Brands is now in compliance with all applicable listing standards and will continue to be listed and traded on the Nasdaq Capital Market. Announcement • Jun 09
on June 6, 2023, Xcel Brands, Inc. Announces Resignation of Michael Francis as Directors On June 6, 2023, Michael Francis advised the Board of Directors of Xcel Brands, Inc. that he is resigning as a director of the Company effective June 30, 2023 and that his decision was not based on any disagreements with management, the Company’s strategy nor any of the other directors. Announcement • May 17
Xcel Brands, Inc. announced delayed 10-Q filing On 05/16/2023, Xcel Brands, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Major Estimate Revision • Apr 24
Consensus revenue estimates fall by 61% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$38.2m to US$14.8m. Forecast losses increased from -US$0.27 to -US$0.43 per share. Specialty Retail industry in the US expected to see average net income decline 13% next year. Consensus price target of US$5.00 unchanged from last update. Share price fell 15% to US$0.56 over the past week. Reported Earnings • Apr 18
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: US$0.20 loss per share (improved from US$0.63 loss in FY 2021). Revenue: US$25.8m (down 32% from FY 2021). Net loss: US$4.02m (loss narrowed 67% from FY 2021). Revenue missed analyst estimates by 5.4%. Earnings per share (EPS) also missed analyst estimates by 100%. Revenue is forecast to grow 42% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Specialty Retail industry in the US. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 3% per year. Major Estimate Revision • Mar 14
Consensus EPS estimates fall by 100% The consensus outlook for earnings per share (EPS) in fiscal year 2022 has deteriorated. 2022 revenue forecast decreased from US$29.0m to US$27.3m. Losses expected to increase from US$0.05 per share to US$0.10. Specialty Retail industry in the US expected to see average net income decline 5.1% next year. Consensus price target of US$5.00 unchanged from last update. Share price fell 3.6% to US$0.77 over the past week. Announcement • Nov 24
Xcel Brands Receives a Letter from the Listing Qualifications Department of Nasdaq On November 22, 2022, Xcel Brands, Inc. (the “Company”), received a letter from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) notifying the Company that the minimum bid price per share for its common stock fell below $1.00 for a period of 30 consecutive business days. Therefore, the Company did not meet the minimum bid price requirement set forth in the Nasdaq Listing Rules. ? The letters also state that pursuant to Nasdaq Listing Rules 5810(c)(3)(A), the Company will be provided 180 calendar days to regain compliance with the minimum bid price requirement, or until May 22, 2022. ? In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company can regain compliance if, at any time during the Tolling Period or such 180-day period, the closing bid price of the Company’s common stock is at least $1.00 for a minimum period of 10 consecutive business days. If by May 22, 2023, the Company does not regain compliance with the Nasdaq Listing Rules, the Company may be eligible for additional time to regain compliance pursuant to Nasdaq Listing Rule 5810(c)(3)(A)(ii). To qualify, the Company would need to submit a transfer application and a $5,000 application fee. The Company would also need to provide written notice to Nasdaq of its intention to cure the minimum bid price deficiency during the second compliance period by effecting a reverse stock split, if necessary. As part of its review process, the Nasdaq staff will make a determination of whether it believes the Company will be able to cure this deficiency. Should the Nasdaq staff conclude that the Company will not be able to cure the deficiency, or should the Company determine not to submit a transfer application or make the required representation, Nasdaq will provide notice that the Company’s shares of common stock will be subject to delisting. ? If the Company does not regain compliance within the allotted compliance period, including any extensions that may be granted by Nasdaq, Nasdaq will provide notice that the Company’s shares of common stock will be subject to delisting from the Nasdaq Global Market. At such time, the Company may appeal the delisting determination to a hearings panel. ? The Company intends to monitor its closing bid price and the market value of its publicly held common stock between now and May 22, 2023 and will consider available options to resolve the Company’s noncompliance with the minimum bid price requirement, as may be necessary. There can be no assurance that the Company will be able to regain compliance with the minimum bid price requirement or will otherwise be in compliance with other Nasdaq listing criteria. Major Estimate Revision • Nov 21
Consensus EPS estimates fall by 67% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from US$30.2m to US$29.5m. Losses expected to increase from US$0.03 per share to US$0.05. Specialty Retail industry in the US expected to see average net income decline 7.5% next year. Consensus price target of US$5.00 unchanged from last update. Share price fell 15% to US$0.82 over the past week. Reported Earnings • Nov 17
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: US$0.21 loss per share (further deteriorated from US$0.058 loss in 3Q 2021). Revenue: US$4.50m (down 60% from 3Q 2021). Net loss: US$4.04m (loss widened 256% from 3Q 2021). Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Specialty Retail industry in the US. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Price Target Changed • Nov 16
Price target increased to US$5.00 Up from US$0.75, the current price target is provided by 1 analyst. New target price is 448% above last closing price of US$0.91. Stock is down 39% over the past year. The company is forecast to post a net loss per share of US$0.03 next year compared to a net loss per share of US$0.63 last year. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent Director Jim Fielding was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 10
Xcel Brands, Inc. to Report Q3, 2022 Results on Nov 14, 2022 Xcel Brands, Inc. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 14, 2022 Announcement • Oct 07
Xcel Brands, Inc., Annual General Meeting, Nov 18, 2022 Xcel Brands, Inc., Annual General Meeting, Nov 18, 2022, at 11:00 Eastern Daylight. Location: offices at 1333 Broadway, 10th Floor, New York New York United States Agenda: To elect six directors to serve until the next annual meeting of stockholders and until their respective successors have been duly elected and qualified; to ratify the appointment of marcum llp as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2022; and to transact such other business as may properly come before the annual meeting or any postponements or adjournments thereof. Reported Earnings • Aug 17
Second quarter 2022 earnings released: EPS: US$0.48 (vs US$0.08 loss in 2Q 2021) Second quarter 2022 results: EPS: US$0.48 (up from US$0.08 loss in 2Q 2021). Revenue: US$8.47m (down 21% from 2Q 2021). Net income: US$9.49m (up US$11.0m from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Board Change • Aug 17
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent Director Jim Fielding was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 11
Xcel Brands, Inc. to Report Q2, 2022 Results on Aug 15, 2022 Xcel Brands, Inc. announced that they will report Q2, 2022 results Pre-Market on Aug 15, 2022 Announcement • Jul 22
Xcel Brands, Inc. Appoints Ken Downing as Creative Director for Halston Xcel Brands, Inc. appointed Ken Downing as Creative Director of the Halston brand, effective August 1, 2022. Widely known for his tenure as the visionary fashion director of Neiman Marcus, Downing will oversee the evolution of Halston in his new role and serve as the public face and voice of the brand, including through hosting Halston livestream sessions over all screens. Downing also previously served as Chief Creative Officer of international retail developer Triple Five Group Worldwide, for which Downing helped launch American Dream, a revolutionary 3.3 million square foot shopping, dining and entertainment complex in East Rutherford, New Jersey. For Triple Five, Downing was responsible for reinventing the retail experience for all of the group’s properties through architectural and interior design, advertising and marketing campaigns, public relations, and special events. He joins Halston from Hearst’s HLC Commerce division, where he served as Chief Brand Officer. Downing holds degrees in fashion design from the Fashion Institute of Technology (FIT) and apparel design from the School of Apparel Design and Development at Seattle Central College. Downing currently serves on the boards of the FIT Museum, Delivering Good and the With Love Halston Foundation and is a former member of the CFDA/Vogue Fashion Fund. Announcement • May 20
Xcel Brands, Inc. to Report Q1, 2022 Results on May 23, 2022 Xcel Brands, Inc. announced that they will report Q1, 2022 results After-Market on May 23, 2022 Announcement • May 18
Xcel Brands, Inc. announced delayed 10-Q filing On 05/17/2022, Xcel Brands, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Apr 15
Xcel Brands, Inc. Announces Impairment Results for the Fourth Quarter Ended December 31, 2021 Xcel Brands, Inc. announced impairment results for the fourth quarter ended December 31, 2021. For the quarter, the company reported property and equipment impairment of $1,372,000 against $13,000,000 a year ago. Announcement • Apr 13
Xcel Brands, Inc. to Report Q4, 2021 Results on Apr 14, 2022 Xcel Brands, Inc. announced that they will report Q4, 2021 results Pre-Market on Apr 14, 2022 Announcement • Apr 03
Xcel Brands, Inc. announced delayed annual 10-K filing On 04/01/2022, Xcel Brands, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Reported Earnings • Nov 18
Third quarter 2021 earnings released: US$0.058 loss per share (vs US$0.023 loss in 3Q 2020) The company reported a mediocre third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: US$11.3m (up 52% from 3Q 2020). Net loss: US$1.14m (loss widened 162% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 14
Second quarter 2021 earnings released: US$0.08 loss per share (vs US$0.068 loss in 2Q 2020) The company reported a solid second quarter result with improved revenues and control over costs, although losses increased. Second quarter 2021 results: Revenue: US$10.8m (up 113% from 2Q 2020). Net loss: US$1.56m (loss widened 20% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Apr 03
Xcel Brands, Inc. announced delayed annual 10-K filing On 04/01/2021, Xcel Brands, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Is New 90 Day High Low • Feb 17
New 90-day high: US$2.10 The company is up 80% from its price of US$1.17 on 18 November 2020. The American market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 19% over the same period. Is New 90 Day High Low • Jan 26
New 90-day high: US$1.52 The company is up 69% from its price of US$0.90 on 27 October 2020. The American market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 20% over the same period.