Iconic Brands, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 19, 2020 at 04:33 pm
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Iconic Brands, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was USD 1.055 million compared to USD 145,294 a year ago. Operating loss was USD 537,937 compared to USD 779,503 a year ago. Net loss was USD 551,708 compared to USD 689,107 a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.07 a year ago. For the half year, sales was USD 1.461 million compared to USD 267,207 a year ago. Operating loss was USD 1.450 million compared to USD 1.761 million a year ago. Net loss was USD 1.389 million compared to USD 1.361 million a year ago. Basic loss per share from continuing operations was USD 0.09 compared to USD 0.16 a year ago.
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.
ICONIC BRANDS, INC. 
