Home Top Movers Xcel Brands, Inc. (XELB) Stock Undergoes Minor Volatility Following Financial Q1 2021...

Xcel Brands, Inc. (XELB) Stock Undergoes Minor Volatility Following Financial Q1 2021 Reports

Xcel Brands, Inc. (XELB) stock prices were down by 9.61% as of the market closing on June 1st, 2021, bringing the price per share down to USD$2.54 at the end of the trading day. After-hours trading saw the stock climb back up by 10.23%, bringing it up to USD$2.80.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Revenue Reports

Total revenues reported for the first quarter of the fiscal year 2021 amounted to USD$7.8 million, down from the USD$9.5 million reported in the same time period of the prior year quarter. A major contributing factor to the year-over-year difference in total revenue, the continued global pandemic has wrought havoc on economies across the world, with XELB reporting both their net product sales and their net licensing revenues for the quarter having taken a hit.

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored

Read More

H Halston Licensing

This significant difference is primarily attributable, however, to the discontinuation of the licensing of the H Halston brand through QVC, having occurred in the fourth quarter of the fiscal year 2020. The company also consequently transitioned from H Halston to a wholesale supply model based on arrangements made with Qurate Retail affiliates and other interactive television networks.

Gross Profit and Margins

Despite the overall decrease in revenues and gross profits on an absolute dollar basis, the company was pleased to announce that overall gross profit margins managed to stay relatively flat, as compared to the same time period of the previous year. Gross profit margins on product sales went so far as to increase from 38% in Q1 2020 to 48% in Q1 2021.

Net Loss and EBITDA

XELB reported a net loss of roughly USD$2.5 million, representing a net loss of USD$0.13 per diluted share. This is a significant increase from the net loss of USD$0.8 million reported for the same quarter of the prior year, representing a net loss of USD$0.04 per diluted share. Adjusted EBITDA went from USD$0.7 million in Q1 2020 to negative USD$0.9 million for Q1 2021.

Solid Liquidity Position

The company reported having USD$84 million in stockholders’ equity as of March 31st, 2021, indicating a stellar liquidity position. Cash and cash equivalents were reported in the amount of almost USD$3 million, whereas working capital was posted at USD$6.5 million, not including the current portion of lease obligations.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Future Outlook for XELB

Armed with a solid liquidity position, the company is keenly looking forward to the end at the light of the tunnel in regard to the global coronavirus pandemic. With the world hurtling towards universal immunizations, XELB is gearing up to make the most of a post-pandemic economy. Current and potential investors are hopeful that the company will be able to leverage the resources at their disposal to facilitate significant and sustained increases in shareholder value.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

CureVac Inc. (CVAC) stock soar during pre-market trading. Here’s what you should know?

CureVac Inc. (NASDAQ: CVAC) stock declined by 38.99% at the last close while the CVAC stock price gains by 11.34% in the pre-market trading...

Why Iconix Brand Group Inc (ICON) stock turnaround in the after-hours on Thursday?

Iconix Brand Group Inc (ICON) shares started the Thursday, June 17, 2021, trading be losing 1.87% and close the normal trading session at $3.14...

ISun Inc. (ISUN) stock surged during current market trading. Here’s the update

ISun Inc. (NASDAQ: ISUN) stock gained by 19.51% in the current market trading. iSun, based in Burlington, Vermont, is a company built on ideals...

The Trade Desk Inc. (TTD) stock plunged during pre-market. Here’s to know why?

The Trade Desk Inc. (NASDAQ: TTD) stock gained by 0.76% at last close whereas the TTD stock price declines by 90.03% in the pre-market...

Synaptogenix Inc. (SNPX) stock soars during after-hour trading. Why so?

Synaptogenix Inc. (NASDAQ: SNPX) stock gained by 6.33% at last close while the SNPX stock price rises further by 13.48% in the after-hours trading...

CureVac Inc. (CVAC) stock soar during pre-market trading. Here’s what you should know?

CureVac Inc. (NASDAQ: CVAC) stock declined by 38.99% at the last close while the CVAC stock price gains by 11.34% in the pre-market trading...

Anpac Bio-Medical Science Inc. (ANPC) stock soars during pre-market trading. Here’s the update

Anpac Bio-Medical Science Inc. (NASDAQ: ANPC) stock gained by 0.46% at last close while the ANPC stock price surged by 22.40% in the pre-market...

VivoPower International Inc. (VVPR) stock soars during pre-market trading. What’s driving it high?

VivoPower International Inc. (NASDAQ: VVPR) stock gained by 1.13% at last close while the VVPR stock price surged during pre-market trading by 1.54%. VivoPower...

Related News

Edesa Biotech Inc. (EDSA) stock surged during current market trading. Here’s to know why?

Edesa Biotech Inc. (NASDAQ: EDSA) stock gained by 4.22% in the current market trading. Edesa Biotech is a clinical-stage biopharmaceutical business dedicated on the...

VivoPower International Inc. (VVPR) stock soars during pre-market trading. What’s driving it high?

VivoPower International Inc. (NASDAQ: VVPR) stock gained by 1.13% at last close while the VVPR stock price surged during pre-market trading by 1.54%. VivoPower...

Cleveland BioLabs Inc. (CBLI) stock surged during after-hour session. Here’s what’s happening?

Cleveland BioLabs Inc. (NASDAQ: CBLI) stock declined by 3.58% at the last close while the CBLI stock price gains by 17.53% during the after-hour...

Why Ares Commercial Real Estate Corp (ACRE) stock plummeted on Thursday?

Ares Commercial Real Estate Corporation (ACRE) shares slipped 4.35% in after-hours on Thursday, June 17, 2021, and close the trading at $15.60. Earlier, ACRE's...

Nano-X Imaging Ltd. (NNOX) stock gained in the current market trading. Here’s to know why?

Nano-X Imaging Ltd. (NASDAQ: NNOX) stock gained by 14.90% in the current market trading. Nanox which is an Israeli company started by serial entrepreneur...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam