Iconic Brands (ICNB) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 28, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the filing for Q1 FY2023, filed Jun 29, 2023. Each column of the statement tables below links to the filing it was taken from.
Iconic Brands Inc (ICNB) reported $14.7M in revenue for fiscal year 2022, up 197.3% from the prior fiscal year. This page shows its 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.
FY2022 growth expanded gross profit, but external financing still supported operations as liabilities nearly consumed the asset base.
Cash conversion remains weak: FY2022 operating cash flow was negative$9.8M while free cash flow reached negative$12.3M , so investment spending added to the operating shortfall even as revenue grew197.3% . The$11.0M financing inflow exceeded that operating deficit, indicating that reported expansion depended partly on new financing rather than internally generated cash.
The business improved its gross-margin profile from
Balance-sheet flexibility is thin: liabilities represented
Financial Health Signals
We do not publish a peer-relative financial health score for Iconic Brands Inc, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
Iconic Brands Inc scores -8.22, below the 1.81 distress threshold. The score is pulled down most by an accumulated deficit of $71.0M against total assets of $18.4M. 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.
Iconic Brands Inc passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, both operating efficiency signals pass.
Iconic Brands Inc reported a net loss of $30.8M while operations used $9.8M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Iconic Brands Inc reported an operating loss of $16.9M against $793K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Iconic Brands Inc generated $2.0M in revenue in Q1 2023. This represents a decrease of 50.2% from the same quarter a year earlier. Against the prior quarter it is up 128.5%.
Iconic Brands Inc's EBITDA was -$2.2M in Q1 2023, measuring earnings before interest, taxes, depreciation, and amortization. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Iconic Brands Inc reported a net loss of $2.5M in Q1 2023. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Not reported for Q1 2023.
Cash & Balance Sheet
Iconic Brands Inc recorded an outflow of $1.1M in free cash flow in Q1 2023, representing a cash shortfall after capex. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Iconic Brands Inc held $213K in cash as of Q1 2023; no long-term debt figure is on record for that period.
Not reported for Q1 2023.
Margins & Returns
Iconic Brands Inc's gross margin was 44.2% in Q1 2023, indicating the percentage of revenue retained after direct costs. This is down 1.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 118.9 percentage points.
Not shown for Q1 2023: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q1 2023: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for Q1 2023.
Capital Allocation
Iconic Brands Inc invested $400K in capex in Q1 2023, funding long-term assets and infrastructure. This represents a decrease of 78.2% from the same quarter a year earlier. Against the prior quarter it is up 1654.8%.
Not reported for Q1 2023.
Not reported for Q1 2023.
ICNB Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'23Filing | Q4'22Filing | Q3'22Filing | Q2'22Filing | Q1'22Filing | Q4'21Filing | Q3'21Filing | Q2'21Filing |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.0M-50.2% | $882K-1.4% | $3.2M+11.1% | $6.7M+1037.6% | $4.0M+537.8% | $894K+32.4% | $2.8M+299.7% | $585K-44.6% |
| Cost of Revenue | $1.1M-49.0% | N/A | $2.5M+18.4% | $4.9M+1413.1% | $2.2M+592.0% | N/A | $2.2M+697.4% | $325K-0.9% |
| Gross Profit | $891K-51.6% | -$659Kn/m | $615K-11.5% | $1.7M+567.5% | $1.8M+483.0% | -$940K-581.8% | $695K+57.2% | $260K-64.3% |
| SG&A Expenses | $3.2M-28.8% | $5.2M-18.9% | $4.5M+231.4% | $5.3M+191.0% | $4.5M+410.1% | $6.4M | $1.4M+95.2% | $1.8M |
| Operating Income | -$2.4Mn/m | -$6.1Mn/m | -$4.0Mn/m | -$3.9Mn/m | -$3.0Mn/m | -$6.0Mn/m | -$1.9Mn/m | -$1.6Mn/m |
| EBITDA | -$2.2Mn/m | -$5.8Mn/m | -$3.8Mn/m | -$3.6Mn/m | -$2.9Mn/m | -$4.6Mn/m | -$1.9Mn/m | -$1.6Mn/m |
| Interest Expense | $171K-6.6% | $174Kn/m | $192K-57.6% | $244K+33716.1% | $183Kn/m | -$215K | $453Kn/m | $722n/m |
| Net Income | -$2.5Mn/m | -$21.6Mn/m | -$1.9Mn/m | -$4.1Mn/m | -$3.2Mn/m | -$5.8Mn/m | -$2.4Mn/m | -$1.7Mn/m |
| EPS (Basic) | N/A | N/A | -$0.05n/m | N/A | N/A | N/A | -$0.03 | -$0.10 |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | -$0.05 | -$0.10 |
| Diluted Shares (Avg) | N/A | N/A | 105M+50.5% | 97M+456.5% | 95M+482.0% | N/A | 70M | 17M |
Not reported in any period shown, so not listed: R&D Expenses, Income Tax.
ICNB Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'23Filing | Q4'22Filing | Q3'22Filing | Q2'22Filing | Q1'22Filing | Q4'21Filing | Q3'21Filing | Q2'21Filing |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $17.2M-73.6% | $18.4M-63.8% | $47.5M-13.2% | $62.5M+5084.8% | $65.1M+5314.2% | $50.7M+3642.5% | $54.7M+3184.1% | $1.2M-61.3% |
| Current Assets | $3.3M-78.8% | $4.3M-0.5% | $9.8M-21.3% | $13.5M+1046.4% | $15.3M+1218.8% | $4.3M+234.6% | $12.5M+693.9% | $1.2M-39.0% |
| Cash & Equivalents | $213K-97.2% | $917K-58.2% | $2.8M-50.8% | $4.7M+1766.6% | $7.6M+2107.3% | $2.2M+379.3% | $5.7M+1038.6% | $252K-62.6% |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Inventory | $1.4M-54.9% | $1.6M+26.6% | $1.9M+14.7% | $2.9M+342.7% | $3.2M+438.4% | $1.2M+142.0% | $1.6M+134.3% | $646K-1.6% |
| Accounts Receivable | $1.1M-73.7% | $1.3M+52.8% | $4.6M+63.7% | $5.4M+1889.4% | $4.0M+1671.3% | $852K+154.8% | $2.8M+718.3% | $271K-47.2% |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Goodwill | N/A | $0-100.0% | $5.3M-68.0% | $16.0M | $16.0M | $16.0Mn/m | $16.5M | N/A |
| Total Liabilities | $19.2M-49.4% | $18.0M-43.0% | $25.8M-15.3% | $85.9M+1775.3% | $37.9M+982.6% | $31.6M+892.6% | $30.4M+1176.4% | $4.6M+116.7% |
| Current Liabilities | $14.3M+16.4% | $13.0M-22.1% | $20.7M+131.3% | $13.6M+197.7% | $12.3M+252.1% | $16.7M+423.1% | $8.9M+277.0% | $4.6M+119.0% |
| Non-Current Liabilities | $4.8M-81.1% | $5.0M-66.4% | $5.1M-76.4% | $72.3Mn/m | $25.6Mn/m | $14.9Mn/m | $21.5M+185095.0% | $0-100.0% |
| Long-Term Debt | N/A | N/A | N/A | N/A | $147K | $147Kn/m | N/A | N/A |
| Total Equity | -$1.3M-104.8% | $360K-98.1% | $21.7M-10.6% | -$23.4Mn/m | $27.2Mn/m | $19.1Mn/m | $24.3Mn/m | -$3.4M-438.7% |
| Retained Earnings | -$73.7Mn/m | -$71.0Mn/m | -$49.3Mn/m | -$44.1Mn/m | -$40.0Mn/m | -$37.0Mn/m | -$32.5Mn/m | -$28.8Mn/m |
ICNB Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'23Filing | Q4'22Filing | Q3'22Filing | Q2'22Filing | Q1'22Filing | Q4'21Filing | Q3'21Filing | Q2'21Filing |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$681Kn/m | -$862K-1659.5% | -$1.0Mn/m | -$2.2Mn/m | -$5.7Mn/m | $55Kn/m | -$3.0Mn/m | -$1.0Mn/m |
| Depreciation & Amortization | $240K+206.8% | $234K-83.9% | $230K+611.6% | $263K+60294.3% | $78K+2109.5% | $1.5M+14759.7% | $32K+231.0% | $435-91.4% |
| Stock-Based Compensation | $204K-27.2% | N/A | $185K-60.5% | $279K-52.7% | $281K+55.3% | N/A | $469K+2247.5% | $589K-23.5% |
| Capital Expenditures | $400K-78.2% | $23K-99.4% | N/A | N/A | $1.8M | $3.5M | N/A | N/A |
| Free Cash Flow | -$1.1Mn/m | -$884Kn/m | N/A | N/A | -$7.6M | -$3.5M | N/A | N/A |
| Investing Cash Flow | N/A | -$23Kn/m | N/A | N/A | N/A | -$3.7Mn/m | -$4.5Mn/m | -$7Kn/m |
| Financing Cash Flow | $377K-97.1% | -$998K-833.2% | -$430K-103.3% | -$491K-153.7% | $13.0Mn/m | $136Kn/m | $13.0Mn/m | $913K+7449.1% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
ICNB Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'23Filing | Q4'22Filing | Q3'22Filing | Q2'22Filing | Q1'22Filing | Q4'21Filing | Q3'21Filing | Q2'21Filing |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 44.2%-1.3pp | -74.7% | 19.5%-5.0pp | 26.1%-18.4pp | 45.5%-4.3pp | -105.1% | 24.4%-37.7pp | 44.4%-24.5pp |
| Operating Margin | -118.8% | -688.0% | -127.3% | -57.9% | -73.4% | -674.3% | -67.3%+22.2pp | -279.8% |
| Net Margin | -125.7% | -2454.5% | -60.7%+23.4pp | -61.5% | -77.9% | -648.1% | -84.0% | -285.0% |
| Return on Equity | N/A | -6008.2%-5977.9pp | -8.8%+1.0pp | N/A | -11.6% | -30.3% | -9.9% | N/A |
| Return on Assets | -14.7%-9.9pp | -117.9%-106.5pp | -4.0%+0.3pp | -6.6%+131.8pp | -4.8%+49.3pp | -11.4%+64.0pp | -4.4%+67.4pp | -138.3%-120.6pp |
| Current Ratio | 0.23-1.0x | 0.33+0.1x | 0.48-0.9x | 0.99+0.7x | 1.24+0.9x | 0.26-0.1x | 1.40+0.7x | 0.26-0.7x |
| Debt-to-Equity | N/A | N/A | N/A | N/A | 0.01 | 0.01 | N/A | N/A |
| Liabilities-to-Equity | N/A | 49.96+48.3x | 1.19-0.1x | N/A | 1.39 | 1.65 | 1.25 | N/A |
| Asset Turnover | 0.12+0.1x | 0.050.0x | 0.070.0x | 0.11-0.4x | 0.06-0.5x | 0.02-0.5x | 0.05-0.4x | 0.49+0.1x |
| FCF Margin | -53.6% | -100.3% | N/A | N/A | -186.8% | -389.4% | N/A | N/A |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Gross Margin, Operating Margin, Net Margin, FCF Margin.
Note: The current ratio is below 1.0 (0.33), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Iconic Brands Inc ICNB | FY2022 | $14.7M | -$30.8M | N/A | $11K | — |
| MDwerks Inc MDWK | FY2025 | $2.2M | -$3.8M | N/A | $19.3M | — |
Where Iconic Brands Inc Ranks
Frequently Asked Questions
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.
Iconic Brands Inc (ICNB) revenue grew by 197.3% year-over-year, from $5.0M to $14.7M in fiscal year 2022.
No, Iconic Brands Inc (ICNB) reported a net loss of $30.8M in fiscal year 2022.
Iconic Brands Inc (ICNB) had EBITDA of -$16.1M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization.
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.
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.
Iconic Brands Inc (ICNB) recorded an outflow of $12.3M in free cash flow during fiscal year 2022. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. 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.
Iconic Brands Inc (ICNB) recorded an outflow of $9.8M in operating cash flow during fiscal year 2022, representing cash used by core business activities.
Iconic Brands Inc (ICNB) had $18.4M in total assets as of fiscal year 2022, including both current and long-term assets.
Iconic Brands Inc (ICNB) invested $2.5M in capital expenditures during fiscal year 2022, funding long-term assets and infrastructure.
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.
Iconic Brands Inc (ICNB) had a liabilities-to-equity ratio of 49.96 as of fiscal year 2022, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2022, because the filing data we hold for that year carries no long-term debt figure.
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.
Iconic Brands Inc (ICNB) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to March 31, 2023). The market capitalization is $11K as of Oct 28, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Iconic Brands Inc (ICNB) trades at 0.0x sales, its market capitalization divided by $12.7M revenue, trailing 12 months to March 31, 2023. The market capitalization is $11K as of Oct 28, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
At the end of fiscal year 2022, Iconic Brands Inc (ICNB) held $917K in cash, cash equivalents and investments, and reported an operating cash outflow of $9.8M over that year. Dividing the one by the other, the reported balance equals about 1 month of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
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.
Iconic Brands Inc (ICNB) has a Piotroski F-Score of 4 out of 7 computable signals; 2 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.
Iconic Brands Inc (ICNB) reported a net loss of $30.8M while operations used $9.8M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.
Iconic Brands Inc (ICNB) reported an operating loss of $16.9M against $793K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.