Analyst Coverage

Xcel Brands is covered by the following analysts.

• Michael Kupinski
  Noble Capital Markets

• Anthony Lebiedzinski
  Sidoti & Company, LLC

Xcel Brands, Inc. is followed by the analysts listed. Please note that any opinions, estimates or forecasts regarding Xcel Brands, Inc.'s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Xcel Brands, Inc. or its management. Xcel Brands, Inc. does not by its reference or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.