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Xcel Brands, Inc. (the Company, Xcel, we, us, or our ) is a media and consumer products company engaged in the design, licensing, marketing, live streaming, and social commerce sales of branded apparel, footwear, accessories, fine jewelry, home goods and other consumer products, and the acquisition of dynamic consumer lifestyle brands. Xcel was founded in 2011 with a vision to reimagine shoppin…
The business is unprofitable at the operating level (-267.89% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 40.2% YoY. Margins deteriorated 8.7pp alongside, both lines moving the wrong way.
Negative free cash flow of -$7M. The business is consuming cash, not generating it. Operating margin contracted 8.7pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$5M
▼ -40.2% YoY
Net Income (TTM)
-$17M
▲ +22.0% YoY
Op. Margin
-272.11%
▼ -8.7pp YoY
ROIC
-27.45%
▲ +6.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$6M
▼ -45.7% YoY
Op. Cash Flow (TTM)
-$6M
▼ -48.9% YoY
Net Debt
$17M
Cash & Equiv.
$179K
5Y CAGR: -30.0%
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