Iconic Brands Inc Financials

ICNB

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2023 Currency USD FYE December

This page shows Iconic Brands Inc (ICNB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI ICNB FY2022 2026-04-22

Rapid sales expansion is being overwhelmed by an overhead-heavy cost structure, leaving the business dependent on financing rather than internal cash generation.

Over the last three annual periods, revenue scaled sharply to $14.7M, but operating cash burn also deepened to -$9.8M. Because the current ratio remained just 0.3x, the larger sales base did not start funding the business; it increased the need for outside capital.

Gross margin recovered to 24.0%, so the business was not losing money solely on what it sold. The heavier drag was overhead: SG&A alone ran at $19.4M, which means losses were driven more by the operating structure than by product-level economics.

Free cash flow was -$12.3M versus operating cash flow of -$9.8M, so cash use was not just an earnings issue; reinvestment also consumed cash. An equity cushion of only $360K alongside a thin cash balance of $917K leaves little room for routine short-term strain.

Financial Health Signals

Financial health score pending refresh

We are recalculating Iconic Brands Inc's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Altman Z-Score Distress

-8.22

Iconic Brands Inc scores -8.22, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($54K) relative to total liabilities ($18.0M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

4/8

Iconic Brands Inc passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality

0.32x

For every $1 of reported earnings, Iconic Brands Inc generates $0.32 in operating cash flow (-$9.8M OCF vs -$30.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-21.3x

Iconic Brands Inc earns $-21.3 in operating income for every $1 of interest expense (-$16.9M vs $793K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$14.7M

YoY+197.3%

5Y CAGR+35.6%

Iconic Brands Inc generated $14.7M in revenue in fiscal year 2022. This represents an increase of 197.3% from the prior year.

EBITDA

-$16.1M

YoY-83.6%

Iconic Brands Inc's EBITDA was -$16.1M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 83.6% from the prior year.

Net Income

-$30.8M

YoY-193.3%

Iconic Brands Inc reported -$30.8M in net income in fiscal year 2022. This represents a decrease of 193.3% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

-$12.3M

YoY-61.5%

Iconic Brands Inc generated -$12.3M in free cash flow in fiscal year 2022, representing cash available after capex. This represents a decrease of 61.5% from the prior year.

Cash & Debt

$917K

YoY-58.2%

5Y CAGR-5.8%

Iconic Brands Inc held $917K in cash against $0 in long-term debt as of fiscal year 2022.

Dividends Per Share

N/A

Shares Outstanding

108M

YoY+20.4%

Iconic Brands Inc had 108M shares outstanding in fiscal year 2022. This represents an increase of 20.4% from the prior year.

Margins & Returns

Gross Margin

23.9%

YoY+17.3pp

5Y CAGR-20.6pp

Iconic Brands Inc's gross margin was 23.9% in fiscal year 2022, indicating the percentage of revenue retained after direct costs. This is up 17.3 percentage points from the prior year.

Operating Margin

-114.7%

YoY+92.2pp

5Y CAGR-120.0pp

Iconic Brands Inc's operating margin was -114.7% in fiscal year 2022, reflecting core business profitability. This is up 92.2 percentage points from the prior year.

Net Margin

-208.9%

YoY+2.9pp

5Y CAGR-332.1pp

Iconic Brands Inc's net profit margin was -208.9% in fiscal year 2022, showing the share of revenue converted to profit. This is up 2.9 percentage points from the prior year.

Return on Equity

-8551.6%

YoY-8496.6pp

Iconic Brands Inc's ROE was -8551.6% in fiscal year 2022, measuring profit generated per dollar of shareholder equity. This is down 8496.6 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$2.5M

YoY-28.7%

Iconic Brands Inc invested $2.5M in capex in fiscal year 2022, funding long-term assets and infrastructure. This represents a decrease of 28.7% from the prior year.

ICNB Income Statement

Metric	FY22	FY21	FY20	FY19	FY18	FY17
Revenue	$14.7M+197.3%	$5.0M+74.1%	$2.8M+135.4%	$1.2M+113.8%	$566K-82.4%	$3.2M
Cost of Revenue	N/A	N/A	$1.3M+81.2%	$734K+126.0%	$325K-81.8%	$1.8M
Gross Profit	$3.5M+966.2%	$331K-78.2%	$1.5M+219.1%	$476K+97.3%	$241K-83.2%	$1.4M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$19.4M+85.7%	$10.5M+167.0%	$3.9M	N/A	N/A	N/A
Operating Income	-$16.9M-64.9%	-$10.3M-220.9%	-$3.2M+4.0%	-$3.3M-47.5%	-$2.3M-1438.8%	$169K
Interest Expense	$793K+232.3%	$239K	$0	N/A	-$33K-146.5%	$71K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$30.8M-193.3%	-$10.5M-185.3%	-$3.7M+6.9%	-$4.0M	N/A	$4.0M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21	Q2'21
Revenue	$2.0M+128.5%	$882K-72.1%	$3.2M-52.5%	$6.7M+64.4%	$4.0M+352.6%	$894K-68.6%	$2.8M+386.6%	$585K
Cost of Revenue	$1.1M	N/A	$2.5M-48.2%	$4.9M+123.2%	$2.2M	N/A	$2.2M+561.5%	$325K
Gross Profit	$891K+235.2%	-$659K-207.0%	$615K-64.5%	$1.7M-5.9%	$1.8M+296.0%	-$940K-235.1%	$695K+167.7%	$260K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$3.2M-39.0%	$5.2M+15.9%	$4.5M-14.5%	$5.3M+17.8%	$4.5M-30.5%	$6.4M+373.5%	$1.4M-24.9%	$1.8M
Operating Income	-$2.4M+60.5%	-$6.1M-50.7%	-$4.0M-4.4%	-$3.9M-29.9%	-$3.0M+50.8%	-$6.0M-214.5%	-$1.9M-17.1%	-$1.6M
Interest Expense	$171K-1.6%	$174K-9.4%	$192K-21.5%	$244K+33.3%	$183K+185.3%	-$215K-147.4%	$453K+62578.5%	$722
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$2.5M+88.3%	-$21.6M-1028.1%	-$1.9M+53.1%	-$4.1M-29.8%	-$3.2M+45.6%	-$5.8M-142.2%	-$2.4M-43.5%	-$1.7M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

ICNB Balance Sheet

Metric	FY22	FY21	FY20	FY19	FY18	FY17
Total Assets	$18.4M-63.8%	$50.7M+3642.5%	$1.4M-47.2%	$2.6M+355.9%	$563K-65.1%	$1.6M
Current Assets	$4.3M-0.5%	$4.3M+234.6%	$1.3M-7.9%	$1.4M+150.5%	$563K-65.1%	$1.6M
Cash & Equivalents	$917K-58.2%	$2.2M+379.3%	$457K+73.4%	$264K+37.7%	$191K-84.5%	$1.2M
Inventory	$1.6M+26.6%	$1.2M+142.0%	$508K-11.6%	$574K+122.2%	$258K+331.6%	$60K
Accounts Receivable	$1.3M+52.8%	$852K+154.8%	$334K-41.7%	$574K+405.5%	$114K-63.5%	$311K
Goodwill	$0-100.0%	$16.0M	$0	N/A	N/A	N/A
Total Liabilities	$18.0M-43.0%	$31.6M+892.6%	$3.2M+53.2%	$2.1M-42.3%	$3.6M+26.6%	$2.8M
Current Liabilities	$13.0M-22.1%	$16.7M+423.1%	$3.2M+56.9%	$2.0M+51.4%	$1.3M-37.7%	$2.1M
Long-Term Debt	N/A	$147K	$0	N/A	N/A	N/A
Total Equity	$360K-98.1%	$19.1M+1145.5%	-$1.8M-472.9%	$490K+116.1%	-$3.0M-146.7%	-$1.2M
Retained Earnings	-$71.0M-92.1%	-$37.0M-39.5%	-$26.5M-15.6%	-$22.9M-8.0%	-$21.2M-24.3%	-$17.1M

Metric	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21	Q2'21
Total Assets	$17.2M-6.3%	$18.4M-61.3%	$47.5M-24.1%	$62.5M-4.1%	$65.1M+28.5%	$50.7M-7.3%	$54.7M+4437.2%	$1.2M
Current Assets	$3.3M-24.8%	$4.3M-56.1%	$9.8M-27.0%	$13.5M-12.1%	$15.3M+252.7%	$4.3M-65.3%	$12.5M+964.2%	$1.2M
Cash & Equivalents	$213K-76.8%	$917K-67.2%	$2.8M-40.4%	$4.7M-38.1%	$7.6M+246.4%	$2.2M-61.4%	$5.7M+2157.9%	$252K
Inventory	$1.4M-7.7%	$1.6M-16.0%	$1.9M-35.2%	$2.9M-10.1%	$3.2M+159.0%	$1.2M-23.9%	$1.6M+150.0%	$646K
Accounts Receivable	$1.1M-18.7%	$1.3M-71.9%	$4.6M-14.2%	$5.4M+33.9%	$4.0M+372.8%	$852K-69.9%	$2.8M+942.8%	$271K
Goodwill	N/A	$0-100.0%	$5.3M-66.9%	$16.0M0.0%	$16.0M0.0%	$16.0M-3.1%	$16.5M	N/A
Total Liabilities	$19.2M+6.5%	$18.0M-30.1%	$25.8M-70.0%	$85.9M+126.7%	$37.9M+20.0%	$31.6M+3.9%	$30.4M+563.9%	$4.6M
Current Liabilities	$14.3M+10.6%	$13.0M-37.2%	$20.7M+51.6%	$13.6M+10.7%	$12.3M-26.0%	$16.7M+86.2%	$8.9M+95.2%	$4.6M
Long-Term Debt	N/A	N/A	N/A	N/A	$147K0.0%	$147K	N/A	N/A
Total Equity	-$2.0M-646.5%	$360K-98.3%	$21.7M+192.6%	-$23.4M-186.0%	$27.2M+42.5%	$19.1M-21.2%	$24.3M+818.8%	-$3.4M
Retained Earnings	-$73.7M-3.8%	-$71.0M-44.1%	-$49.3M-11.7%	-$44.1M-10.2%	-$40.0M-8.3%	-$37.0M-13.7%	-$32.5M-12.7%	-$28.8M

ICNB Cash Flow Statement

Metric	FY22	FY21	FY20	FY19	FY18	FY17
Operating Cash Flow	-$9.8M-139.4%	-$4.1M-282.0%	-$1.1M+60.9%	-$2.7M-56.0%	-$1.8M-360.3%	$674K
Capital Expenditures	$2.5M-28.7%	$3.5M	N/A	N/A	N/A	N/A
Free Cash Flow	-$12.3M-61.5%	-$7.6M	N/A	N/A	N/A	N/A
Investing Cash Flow	-$2.5M+69.4%	-$8.2M-41664.3%	-$20K+97.6%	-$817K	N/A	N/A
Financing Cash Flow	$11.0M-21.4%	$14.1M+994.7%	$1.3M-64.6%	$3.6M+411.7%	$709K+26.3%	$561K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21	Q2'21
Operating Cash Flow	-$681K+20.9%	-$862K+17.4%	-$1.0M+51.8%	-$2.2M+62.2%	-$5.7M-10466.1%	$55K+101.8%	-$3.0M-202.2%	-$1.0M
Capital Expenditures	$400K+1654.8%	$23K	N/A	N/A	$1.8M-48.2%	$3.5M	N/A	N/A
Free Cash Flow	-$1.1M-22.2%	-$884K	N/A	N/A	-$7.6M-117.2%	-$3.5M	N/A	N/A
Investing Cash Flow	N/A	-$23K	N/A	N/A	N/A	-$3.7M+18.9%	-$4.5M-63646.3%	-$7K
Financing Cash Flow	$377K+137.8%	-$998K-132.0%	-$430K+12.3%	-$491K-103.8%	$13.0M+9424.7%	$136K-99.0%	$13.0M+1325.1%	$913K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

ICNB Financial Ratios

Metric	FY22	FY21	FY20	FY19	FY18	FY17
Gross Margin	23.9%+17.3pp	6.7%-46.6pp	53.3%+14.0pp	39.3%-3.3pp	42.6%-1.9pp	44.5%
Operating Margin	-114.7%+92.2pp	-206.9%-94.6pp	-112.3%+163.0pp	-275.3%+123.8pp	-399.0%-404.3pp	5.2%
Net Margin	-208.9%+2.9pp	-211.8%-82.6pp	-129.2%+197.5pp	-326.7%	N/A	123.2%
Return on Equity	-8551.6%-8496.6pp	-55.0%	N/A	-806.6%	N/A	N/A
Return on Assets	-167.8%-147.1pp	-20.7%+251.0pp	-271.7%-117.8pp	-154.0%	N/A	245.8%
Current Ratio	0.33+0.1	0.26-0.1	0.41-0.3	0.70+0.3	0.42-0.3	0.75
Debt-to-Equity	49.96+50.0	0.010.0	0.00-4.2	4.24+5.4	-1.19+1.1	-2.31
FCF Margin	-83.5%+70.3pp	-153.8%	N/A	N/A	N/A	N/A

Metric	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21	Q2'21
Gross Margin	44.2%+118.9pp	-74.7%-94.2pp	19.5%-6.6pp	26.1%-19.5pp	45.5%+150.6pp	-105.1%-129.5pp	24.4%-20.0pp	44.4%
Operating Margin	-118.8%+569.1pp	-688.0%-560.7pp	-127.3%-69.4pp	-57.9%+15.4pp	-73.4%+600.9pp	-674.3%-606.9pp	-67.3%+212.4pp	-279.8%
Net Margin	-125.7%+2328.8pp	-2454.5%-2393.8pp	-60.7%+0.8pp	-61.5%+16.4pp	-77.9%+570.2pp	-648.1%-564.0pp	-84.0%+201.0pp	-285.0%
Return on Equity	N/A	-6008.2%-5999.4pp	-8.8%	N/A	-11.6%+18.7pp	-30.3%-20.5pp	-9.9%	N/A
Return on Assets	-14.7%+103.2pp	-117.9%-113.9pp	-4.0%+2.5pp	-6.6%-1.7pp	-4.8%+6.6pp	-11.4%-7.1pp	-4.4%+133.9pp	-138.3%
Current Ratio	0.23-0.1	0.33-0.1	0.48-0.5	0.99-0.3	1.24+1.0	0.26-1.1	1.40+1.1	0.26
Debt-to-Equity	-9.74-59.7	49.96+48.8	1.19+4.9	-3.67-3.7	0.010.0	0.01-1.2	1.25+2.6	-1.36
FCF Margin	-53.6%+46.6pp	-100.3%	N/A	N/A	-186.8%+202.5pp	-389.4%	N/A	N/A

Note: The current ratio is below 1.0 (0.33), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Iconic Brands Inc's annual revenue?

Iconic Brands Inc (ICNB) reported $14.7M in total revenue for fiscal year 2022. This represents a 197.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Iconic Brands Inc's revenue growing?

Iconic Brands Inc (ICNB) revenue grew by 197.3% year-over-year, from $5.0M to $14.7M in fiscal year 2022.

Is Iconic Brands Inc profitable?

No, Iconic Brands Inc (ICNB) reported a net income of -$30.8M in fiscal year 2022, with a net profit margin of -208.9%.

What is Iconic Brands Inc's EBITDA?

Iconic Brands Inc (ICNB) had EBITDA of -$16.1M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization.

What is Iconic Brands Inc's gross margin?

Iconic Brands Inc (ICNB) had a gross margin of 23.9% in fiscal year 2022, indicating the percentage of revenue retained after direct costs of goods sold.

What is Iconic Brands Inc's operating margin?

Iconic Brands Inc (ICNB) had an operating margin of -114.7% in fiscal year 2022, reflecting the profitability of core business operations before interest and taxes.

What is Iconic Brands Inc's net profit margin?

Iconic Brands Inc (ICNB) had a net profit margin of -208.9% in fiscal year 2022, representing the share of revenue converted into profit after all expenses.

What is Iconic Brands Inc's return on equity (ROE)?

Iconic Brands Inc (ICNB) has a return on equity of -8551.6% for fiscal year 2022, measuring how efficiently the company generates profit from shareholder equity.

What is Iconic Brands Inc's free cash flow?

Iconic Brands Inc (ICNB) generated -$12.3M in free cash flow during fiscal year 2022. This represents a -61.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Iconic Brands Inc's operating cash flow?

Iconic Brands Inc (ICNB) generated -$9.8M in operating cash flow during fiscal year 2022, representing cash generated from core business activities.

What are Iconic Brands Inc's total assets?

Iconic Brands Inc (ICNB) had $18.4M in total assets as of fiscal year 2022, including both current and long-term assets.

What are Iconic Brands Inc's capital expenditures?

Iconic Brands Inc (ICNB) invested $2.5M in capital expenditures during fiscal year 2022, funding long-term assets and infrastructure.

How many shares does Iconic Brands Inc have outstanding?

Iconic Brands Inc (ICNB) had 108M shares outstanding as of fiscal year 2022.

What is Iconic Brands Inc's current ratio?

Iconic Brands Inc (ICNB) had a current ratio of 0.33 as of fiscal year 2022, which is below 1.0, which may suggest potential liquidity concerns.

What is Iconic Brands Inc's debt-to-equity ratio?

Iconic Brands Inc (ICNB) had a debt-to-equity ratio of 49.96 as of fiscal year 2022, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Iconic Brands Inc's return on assets (ROA)?

Iconic Brands Inc (ICNB) had a return on assets of -167.8% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.

What is Iconic Brands Inc's cash runway?

Based on fiscal year 2022 data, Iconic Brands Inc (ICNB) had $917K in cash against an annual operating cash burn of $9.8M. This gives an estimated cash runway of approximately 1 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Iconic Brands Inc's Altman Z-Score?

Iconic Brands Inc (ICNB) has an Altman Z-Score of -8.22, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Iconic Brands Inc's Piotroski F-Score?

Iconic Brands Inc (ICNB) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Iconic Brands Inc's earnings high quality?

Iconic Brands Inc (ICNB) has an earnings quality ratio of 0.32x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Iconic Brands Inc cover its interest payments?

Iconic Brands Inc (ICNB) has an interest coverage ratio of -21.3x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.