Iconic Brands (OTC: ICNB), a leader in the development, design and delivery of alcohol and non-alcohol beverages, today announced financial results for the second quarter ended June 30, 2022. Among the highlights, the company reported $6,654,221 in total revenue for the quarter, representing an approximately 1,038% year-over-year increase compared to the same period in 2021. In addition, Iconic achieved quarterly gross profit of $1,733,547, an approximate 567% year-over-year increase. Tom Martin, interim CEO of Iconic, said in the press release: “2022 is off to a strong start with record-breaking first and second quarters. Revenue is up 1,038% year-over-year, and we surpassed our full-year 2021 revenue of $4.9 million by producing $6.6 million in the second quarter of 2022. For the six months ended June 30, 2022, revenue was $10.7 million, compared to $1.2 million in the same period last year. Demand for our popular RTF, RTD ice pops, pouches, and Bellissima products remains high… Our core TopPop products are performing well, which is reflected in our sales. We believe that the completion of our new Pennsauken facility, which is now running at full production, will allow us to focus on opportunities for new customers and to continue supporting our existing customers. Our cash balance is solid, and we will continue to capitalize on our momentum.”
To view the full press release, visit https://ibn.fm/hbkdt
About Iconic Brands Inc.
Iconic is a leader in the development, design and delivery of alcohol and non-alcohol beverages. TopPop, Iconic’s wholly owned subsidiary, is a leader in the innovation of low-calorie, “ready-to-go” drinks and ready-to-freeze (“RTF”) and ready-to-drink (“RTD”) products in sustainable, flexible and stand-up pouch packaging, and in the alcohol ice-pop and “cocktails-to-go” market. Iconic’s brands include “Bellissima” by Christie Brinkley, a premium better-for-you and better-for-the-planet collection of prosecco, sparkling wines and still wines, all of which are certified vegan and made with organic grapes. Bellissima is strategically positioned with its zero-sugar wines in the zero-sugar beverage category. Iconic operates in multiple states, distributes around the globe and has Fortune 500 customers that include some of the world’s largest alcohol beverage companies and brands. For more information, visit www.IconicBrandsUSA.com.
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