Quarterly Financial Performance
Xcel Brands, Inc. (NASDAQ: XELB) recently shared its Q2 2024 earnings, revealing key financial developments. A notable highlight is the $3.8 million net gain from the sale of the Lori Goldstein brand. Additionally, the company reported a 16% increase in net licensing revenues compared to the previous year. While there was a decline in total revenue, these strategic maneuvers have provided a cushion for their financial footing.
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