Earnings Call Summary | Xcel Brands(XELB.US) Q4 2023 Earnings Conference
Earnings Call Summary | Xcel Brands(XELB.US) Q4 2023 Earnings Conference
The following is a summary of the Xcel Brands, Inc. (XELB) Q4 2023 Earnings Call Transcript:
以下是Xcel Brands, Inc.（XELB）2023年第四季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
Xcel Brands reported Q4 revenue of $2.3 million, a decrease of $1.8 million from Q4 2022 due to diminished product sales, but saw an increase in net licensing revenue.
Total revenue for 2023 was $17.8 million, down $8 million from the previous year due to decreases in both licensing revenue and product sales.
Direct operating costs and expenses for Q4 were at $5.5 million, down by $2.9 million or 34% from Q4 2022 due to restructuring.
The company had a net loss of approximately $6.8 million or $0.34 per share in Q4 and an annual net loss of $21.1 million or minus $1.07 per share for 2023.
Xcel Brands报告称，由于产品销售下降，第四季度收入为230万美元，较2022年第四季度减少了180万美元，但净许可收入有所增加。
由于许可收入和产品销售的下降，2023年的总收入为1780万美元，比上年下降了800万美元。
由于重组，第四季度的直接运营成本和支出为550万美元，比2022年第四季度下降了290万美元，下降了34％。
该公司在第四季度净亏损约680万美元，合每股亏损0.34美元，2023年年度净亏损为2,110万美元，合每股亏损1.07美元。
Business Progress:
业务进展：
Xcel Brands completed its restructuring plan and outsourced its wholesale operations to industry-leading licensing partners.
The new Tower Hill brand by Christie Brinkley is set to launch on HSN next month.
C. Wonder by Christian Siriano generated $12.5 million retail sales in its first nine months and expects a rise in sales volume in 2024.
The company launched its video and social commerce platform, ORME, with expectations of impacting video and social commerce in the US.
Xcel Brands expects to return to profitability in 2024 due to progress in Project Fundamentals and organic growth in their brands.
The company's stocks are undervalued, selling less than one to three quarter times EBITDA, presenting potential investment opportunities.
With the completion of the business transformation, Xcel Brands expects transitional growth in 2024 and impactful growth in 2025.
Xcel Brands完成了重组计划，并将其批发业务外包给了行业领先的许可合作伙伴。
克里斯蒂·布林克利的新塔山品牌定于下个月在HSN上市。
克里斯蒂安·西里亚诺的《C. Wonder》在前九个月创造了1,250万美元的零售额，预计2024年的销售额将增长。
该公司推出了其视频和社交商务平台ORME，预计将影响美国的视频和社交商务。
由于项目基本面的进展及其品牌的有机增长，Xcel Brands预计将在2024年恢复盈利。
该公司的股票被低估，出售的息税折旧摊销前利润不到四分之一到三倍，这带来了潜在的投资机会。
随着业务转型的完成，Xcel Brands预计，2024年将实现过渡性增长，2025年将实现有影响力的增长。
More details: Xcel Brands IR
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Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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译文内容由第三方软件翻译。