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Xcel Brands Inc reported Q3 2025 net licensing revenues of $1.1 million, down from $1.5 million in Q3 2024. Adjusted EBITDA loss improved by 38% YoY, while net loss was approximately $7.9 million. The company closed a $2 million net equity offering and is exploring new business opportunities through UTG's sourcing platform. Diversification of product categories and expanded social media reach are positive points.

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