Iconic Brands, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 16, 2020 at 04:51 pm
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Iconic Brands, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was USD 712,198 compared to USD 267,619 a year ago. Operating loss was USD 637,901 compared to USD 1.004 million a year ago. Net loss was USD 1.219 million compared to USD 968,323 a year ago. Basic loss per share from continuing operations was USD 0.08 compared to USD 0.08 a year ago. For the nine months, sales was USD 2.173 million compared to USD 534,826 a year ago. Operating loss was USD 2.087 million compared to USD 2.766 million a year ago. Net loss was USD 2.608 million compared to USD 2.330 million a year ago. Basic loss per share from continuing operations was USD 0.16 compared to USD 0.24 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. 
