Wednesday, April 17, 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.
Jacob Mutchler, Research Associate, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
A noisy quarter. The company reported Q4 revenue of $2.3 million down year over year, but reflected strong 48% licensing revenue growth. Adj. EBITDA loss of $1.2 million was modestly lower than our estimate. In our view, the full impact of the company’s lower cost, licensing model has not yet been manifested.
Significant amount of revenue growth initiatives. In our view, the company’s outlook in 2024 appears favorable in terms of revenue and potential swing toward positive adj. EBITDA. The favorable outlook is supported by its joint venture with Christie Brinkley, TWRHLL, which is launching in May; G-III and its launch of Halston in Q3 of 2024; expanding products from C. Wonder and Judith Ripka.
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