Brief: Xcel Brands Inc Reports Q4 And Fiscal Year 2019 Results

XCel Brands

13/04/2020 21:21

April 13 (Reuters) - Xcel Brands Inc  XELB.O :
    * XCEL BRANDS, INC. ANNOUNCES FOURTH QUARTER AND FISCAL YEAR
2019
RESULTS
    * Q4 GAAP LOSS PER SHARE $0.28
    * Q4 REVENUE $11.4 MILLION
    * CURRENT YEAR QUARTER'S NET LOSS IS PRIMARILY ATTRIBUTABLE
TO A
$6.2 MILLION IMPAIRMENT CHARGE RELATED TO JUDITH RIPKA
TRADEMARKS
    * XCEL BRANDS - IMPACTS OF COVID-19 PANDEMIC ARE
SIGNIFICANTLY
ADVERSELY AFFECTING ITS BUSINESS, FINANCIAL CONDITION AND
OPERATING RESULTS
    * IMPACTS OF COVID-19 PANDEMIC ARE EXPECTED TO CONTINUE TO
IMPACT
FINANCIAL CONDITION IN NEAR FUTURE

Source text for Eikon:  ID:nGNX3MD3kW 
Further company coverage:  XELB.O 

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