Wednesday, March 27, 2024
Xcel Brands, Inc. 1333 Broadway 10th Floor New York, NY 10018 United States https:/Sector(s): Consumer Cyclical Industry: Apparel Manufacturing Full Time Employees: 84 Key Executives Name Title Pay Exercised Year Born Mr. Robert W. D’Loren Chairman, Pres & CEO 1.27M N/A 1958 Mr. James F. Haran CFO, Principal Financial & Accou
Michael Kupinski, Director of Research, Equity Research Analyst, Digital, Media & Technology , Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Additional capital secured. On March 15, 2024, the company announced the completion of a secondary offering, which raised expected net proceeds of $2.2 million. In our view, there were several reasons for the offering, including funding start up costs for potential strategic partnerships in the pipeline, and gaining institutional interest. We view the capital raise favorably and believe it could enhance both revenue and cash flow growth.
Strategic partnerships. In December 2023, the company announced an exciting strategic partnership with Christie Brinkley to develop a lifestyle and apparel brand, TWRHLL, for distribution in retail and livestream commerce. Notably, Christie Brinkley will serve as the face of the brand and will make media appearances to promote TWRHLL’s product release, which is scheduled for spring 2024. Notably, Ms. Brinkley’s star power could illuminate the company’s new platform, ORME.
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