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Stock impact report

Xcel Brands, Inc. Announces Third Quarter 2024 Results [Yahoo! Finance]

Xcel Brands, Inc (XELB) 
NASDAQ:AMEX Investor Relations: ir.xcelbrands.com/press-releases
Company Research Source: Yahoo! Finance
the third quarter of 2024, compared to a net loss of $5.1 million, or ($0.26) per share, for the prior year quarter. Total revenue for the third quarter of 2024 was $1.9 million, representing a decrease of approximately $0.7 million (-28%) from the third quarter of 2023. Adjusted EBITDA improved on a year-over-year basis, from negative $1.4 million in the prior year quarter to negative $1.0 million for the current quarter, primarily as a result of the restructuring of the business and entry into new long-term license agreements in 2023. The company's balance sheet at September 30, 2024, reflected stockholders' equity of approximately $35 million, unrestricted cash and cash equivalents of approximately $0.2 million, and a working capital deficit of approximately ($0.4) million. Generated by Yahoo Finance AI Yahoo Finance used generative AI to summarize key information from this article. Some details may be inaccurate. We take that seriously. Reporting mistakes helps us improv Show less Read more
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