Xcel Brands: Xcel Brands, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023

Xcel Brands, Inc. reported earnings results for the fourth quarter ended December 31, 2023. For the fourth quarter, the company reported sales was USD 0.162 million compared to USD 2.63 million a year ago. Revenue was USD 2.29 million compared to USD 4.07 million a year ago. Net loss was USD 6.8 million compared to USD 5.96 million a year ago. Basic loss per share from continuing operations was USD 0.34 compared to USD 0.3 a year ago.