Company Reports Double-Digit Quarterly Revenue Growth of 14% to $8.3 million; Year-to-Date Revenue Growth of 28% to $25.8 millionThird Quarter 2016 GAAP Net Income of $0.1 million; Non-GAAP Net Income of $1.3 million Year-to-Date 2016 GAAP Net Loss of ($0.02) million; Non-GAAP Net Income of $4.6 million Third Quarter Adjusted EBITDA Growth of 5% to $2.3 million; Year-to-Date Adjusted EBITDA Growth of 12% to $7.1 million NEW YORK, Nov. 10, 2016 (GLOBE NEWSWIRE) -- Xcel Brands, Inc. (NASDAQ:XELB) ("Xcel" or the "Company"), a brand management and media company, today announced its financial results for the third quarter and nine months ended September 30, 2016. "We are pleased to report double-digit top-line growth for the quarter and year-to-date," said Robert W. D'Loren, Xcel's Chairman and Chief Executive Officer. "Despite lower than expected growth in the interactive television channel during the quarter, we believe that the strength of our brands and our unique business model, including our design, marketing, and Quick Time Response (QTR) production platforms, will continue to drive growth despite a challenging retail environment. To that end, we are excited by the early results of our Quick Time Response design and production platform and our partnership with Hudson's Bay Company, and we expect to announce new retail partnerships in the QTR department store business for Spring 2017." Third Quarter 2016Total revenue for the third quarter of fiscal 2016 increased 14% to $8.3 million, compared with $7.3 million for the prior year quarter. GAAP net income was $0.12 million for the quarter ended September 30, 2016, or $0.01 per share, compared with net income of $0.03 million, or $0.00 per share, in the prior year quarter. After adjusting for certain cash and non-cash items, non-GAAP net income for the quarter ended September 30, 2016 was $1.3 million, or $0.07 per diluted share, compared with $1.4 million, or $0.08 per diluted share, in the prior year quarter.