Xcel Brands transitioned from wholesale to a licensing model under Project Fundamentals, aiming for profitability in 2024.
Launching Tower Hill by Christie Brinkley, a new designer brand on HSN, and leveraging successful C. Wonder and new ORME app for growth.
Projected return to profitability in 2024, with Halston and Christie Brinkley brands driving high growth, supported by ORME app launch and strong financial backing.
Q4 2023 revenue decreased by $1.8M, full-year down by $8M; net loss of $6.8M in Q4, $21.1M for 2023, despite strategic transformations and future growth plans.
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