Iconic Brands Inc (PK:ICNB)
Business Focus: Distillers & Wineries
| Sector: Consumer Non-Cyclicals | Industry: Distillers & Wineries |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 44 Seabro Ave AMITYVILLE NY 11701 |
| Tel: | N/A |
| Website: | https://www.iconicbrandsusa.com |
| IR: | See website |
| Key People | ||
| Richard J. Decicco Chairman of the Board, President, Chief Executive Officer, Principal Financial Officer | John Cosenza Chief Operating Officer | Roseann Faltings Vice President, Director |
| Business Overview |
| Iconic Brands, Inc. is engaged in the development and sale of alcohol and non-alcohol brands. The Company's brand, Bellissima is a premium collection of Prosecco, Sparkling Wines, and Still Wines, which are all vegan and made with organic grapes. The Bellissima line of Prosecco and Sparkling Wines includes two new flavor profiles, a Zero Sugar/Zero Carb Sparkling Rose and a Rose Prosecco. Bellissima Zero Sugar Still Wines are vegan and are made with organic grapes. Its Bella Sprizz Aperitifs comprise a line of aperitifs consisting of three different expressions, a classic Italian aperitif, an all-natural elderflower aperitif and a classic Italian bitter. Its BiVi Vodka is sold under the brand name BiVi 100 percent Sicilian Vodka. The Company's ready-to-freeze and ready-to-drink alcohol and non-alcohol products are produced under contract for third-party national and regional brands and for its own product line. |
| Financial Overview |
| For the three months ended 31 March 2023, Iconic Brands Inc revenues decreased 50% to $2M. Net loss decreased 12% to $2.7M. Revenues reflect Specialty packaging segment decrease of 73% to $934K. Lower net loss reflects General and administrative expenses decrease of 29% to $3.2M (expense), Selling and marketing decrease of 69% to $111K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -$0.03. |
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