XCel Brands ( (XELB) ) has released a notification of late filing.
Xcel Brands, Inc. has announced a delay in filing its Form 10-K (Yearly Report) for the financial period ending December 31, 2024. The primary reason for the delay is the additional time required by management to compile and verify the necessary data for the audit. The company expects to file the report within the extension period allowed by the SEC. Financially, Xcel Brands anticipates a significant decrease in revenues to approximately $8.26 million from $17.76 million in the previous year, alongside a net loss of $22.4 million, which includes various charges and a gain from divestiture. The company is committed to ongoing compliance efforts, as indicated by the signature of CFO James F. Haran on the notification.
More about XCel Brands
YTD Price Performance: -45.24%
Average Trading Volume: 10,370
Technical Sentiment Signal: Buy
Current Market Cap: $7.19M
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