Xcel Brands Files For Non- Timely 10-Q; For Three Months Ended March 31, 2024, Co Expects To Report A Decrease In Revenues To ~$2.2M
Portfolio Pulse from Benzinga Newsdesk
Xcel Brands has filed for a non-timely 10-Q for the three months ended March 31, 2024, and expects to report a decrease in revenues to approximately $2.2 million.
May 16, 2024 | 4:46 pm
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NEGATIVE IMPACT
Xcel Brands has filed for a non-timely 10-Q for Q1 2024 and expects a significant decrease in revenues to approximately $2.2 million.
The filing of a non-timely 10-Q and the expected decrease in revenues are negative indicators for Xcel Brands. Investors may react negatively to the delay in filing and the anticipated revenue drop.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100