Aug. 15 at 1:25 PM
Noble Capital Markets Research Report: Xcel Brands (
$XELB) – Influencer Brands Set To Launch
Q2 Results. The company reported Q2 revenue of
$1.3 million and an adj. EBITDA loss of
$0.3 million, as illustrated in Figure #1 Q2 results. Importantly, while revenue was 22.3% lower than our estimate of
$1.7 million, the adj. EBITDA loss of
$0.3 million was largely in line with our expectations of a loss of
$0.35 million. Furthermore, the on target adj. EBITDA figure was driven by the company’s strategic cost reduction and business transformation efforts, as well as the Lori Goldstein divestiture.
Read more:
https://www.channelchek.com/news-channel/xcel-brands-xelb-influencer-brands-set-to-launch
