Xcel Brands, Inc. Announces Fourth Quarter and Fiscal Year 2020 Results
April 21, 2021 16:13 ET | Source: Xcel Brands, Inc Xcel Brands, Inc
Fourth quarter net product sales of $2.6 million, rebounding 20% from the third quarter
Fourth quarter net loss of $10.4 million, or ($0.54) per share, on a GAAP basis; net loss of $0.3 million, or ($0.02) per share, on a non-GAAP basis
Adjusted EBITDA of $0.2 million for the fourth quarter; $4.1 million for the fiscal year
NEW YORK, April 21, 2021 (GLOBE NEWSWIRE) Xcel Brands, Inc. (NASDAQ: XELB) (“Xcel” or the “Company”), a media and consumer products company, today announced its financial results for the fourth quarter ended December 31, 2020.
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