Iconix Announces Conditional Notice of Redemption Concerning its Outstanding 5.75% Convertible Notes NEW YORK, Aug. 03, 2021 (GLOBE NEWSWIRE) -- Iconix Brand Group, Inc. (Nasdaq: ICON) (“Iconix” or the “Company”) today announced it has caused to be delivered a notice of full conditional redemption (the “Notice”) to the trustee of its outstanding 5.75% convertible senior notes due 2023 (the “Notes”). The Notice calls for the redemption of the $125 million initial aggregate principal amount of the Notes on August 4, 2021, and is conditioned on the consummation of the Company’s previously an...
Lancer Capital Completes Tender Offer for Shares of Iconix Brand Group NEW YORK, Aug. 02, 2021 (GLOBE NEWSWIRE) -- Iconix Merger Sub Inc. (“Purchaser”), a subsidiary of Iconix Acquisition LLC (“Parent”) and an affiliate of Lancer Capital, LLC (“Lancer Capital”), and Iconix Brand Group Inc. (“Iconix”) (Nasdaq: ICON) today announced the successful completion of Purchaser’s offer to purchase all the outstanding shares of Iconix common stock for $3.15 per share, without interest and subject to any applicable withholding taxes, net to the seller in cash. Lancer Capital intends to complete the ...
Iconix Announces Conditional Notice of Redemption and Notice of Fundamental Change Concerning its Outstanding 5.75% Convertible Notes NEW YORK, July 16, 2021 (GLOBE NEWSWIRE) -- Iconix Brand Group, Inc. (Nasdaq: ICON) (“Iconix” or the “Company”) today announced it has caused to be delivered a notice of full conditional redemption (the “Notice”) to the trustee of its outstanding 5.75% convertible senior notes due 2023 (the “Notes”). The Notice calls for the redemption of the $125 million initial aggregate principal amount of the Notes on August 16, 2021, and is conditioned on the conversi...
Iconix Enters into Definitive Agreement to be Acquired in “Go Private” Transaction NEW YORK, June 11, 2021 (GLOBE NEWSWIRE) -- Iconix Brand Group, Inc. (Nasdaq: ICON) (“Iconix” or the “Company”) today announced it has entered into a definitive agreement and plan of merger to be acquired by Iconix Acquisition Corp., an affiliate of Lancer Capital, LLC (“Purchaser”), in an all-cash transaction that values Iconix at approximately $585 million, including net-debt. “Today’s announcement represents the culmination of a year-long examination by our Board of Directors of strategic alternatives f...
Iconix Reports Financial Results for the First Quarter 2021 NEW YORK, May 13, 2021 (GLOBE NEWSWIRE) -- Total revenue of $23.6 million compared to $28.0 million in the prior year quarter.GAAP Operating Income $25.3 million as compared to a loss of $4.9 million in the prior year quarter.Adjusted EBITDA of $11.9 million, compared to $11.6 million in the prior year quarter.Continued to improve cost structure, decreasing SG&A expenses by 24% from prior year quarter.Signed 93 license agreements during 2021, representing $47 million of aggregate minimum royalties over the life of t...
Iconix Reports Financial Results for the Fourth Quarter & Full Year 2020 Total revenue of $33.9 million compared to $43.2 million in the prior year quarter. GAAP Operating Income $2.6 million as compared to a loss of $60.4 million in the prior year quarter. Adjusted EBITDA of $18.4 million, compared to $21.1 million in the prior year quarter. Continued to improve cost structure, decreasing SG&A expenses by 27% from prior year quarter. Signed 190 license agreements during 2020, representing $134 million of aggregate minimum royalties over the life of these contracts. Completed Sale of Lee Co...
Iconix Reports Financial Results for the Third Quarter 2020 Total revenue of $24.5 million compared to $35.5 million in the prior year quarter.GAAP Operating Income $66.4 million as compared to a loss of $8.1 million in the prior year quarter.Adjusted EBITDA of $13.7 million, compared to $20.9 million in the prior year quarter.Continued to improve cost structure, decreasing SG&A expenses by $16.4 million from prior year quarter.Completed Sale of Starter China in September 2020 with net proceeds of $15.6 million and in October repaid $11.7 million of Senior Secured Term Loan. NEW YORK, No...
Iconix Reports Financial Results for the Second Quarter 2020 Total revenue of $22.3 million compared to $34.4 million in the prior year quarter.GAAP Operating Income $3.5 million as compared to $18.6 million in the prior year quarter.Adjusted EBITDA of $11.4 million, compared to $20.3 million in the prior year quarter.Continued to improve cost structure, decreasing SG&A expenses 9% from prior year quarter.Completed Sale of Umbro China in July 2020 with net proceeds of $59.6 million and repaid $44.7 million of Senior Secured Term Loan. NEW YORK, Aug. 12, 2020 (GLOBE NEWSWIRE) -- Ico...
Iconix Reports Financial Results for the First Quarter 2020 NEW YORK, May 12, 2020 (GLOBE NEWSWIRE) -- Total revenue of $28.0 million compared to $35.9 million in the prior year quarter. GAAP Operating Loss - $4.9 million as compared to income of $18.4 million in the prior year quarter.Adjusted EBITDA of $11.6 million, compared to $18.4 million in the prior year quarter.Signed 41 license deals during 2020, representing $24 million of aggregate guaranteed minimum royalties over the life of these contracts.Improved cost structure, decreasing SG&A cost 5% from prior year quarter. Icon...
Iconix Reports Financial Results for the Fourth Quarter & Full Year 2019 NEW YORK, March 30, 2020 (GLOBE NEWSWIRE) -- Total revenue of $43.2 million compared to $42.7 million in the prior year quarter. GAAP Operating Loss- $59.6 million as compared to $52.1 million in the prior year quarter.Adjusted EBITDA increases 71% from the prior year quarter, while Adjusted EBITDA margin improves to 51% from 30% in the prior year quarter.Signed 191 license deals during 2019, representing $135 million of aggregate guaranteed minimum royalties over the life of these contracts.Improved cost structure...
Iconix Reports Financial Results For The Third Quarter 2019 NEW YORK, Nov. 12, 2019 (GLOBE NEWSWIRE) -- Total revenue of $35.5 million compared with $46.2 million from the prior year quarter.GAAP Operating Income- reports $8.1 million loss as compared to $12.1 million of income in the prior year quarter.Adjusted EBITDA increases 30% from the prior year quarter, while Adjusted EBITDA margin improves to 59% from 35% in the prior year quarter.Signed 155 license deals year to date, representing $126 million of aggregate guaranteed minimum royalties over the life of these contracts. Iconi...
Iconix Brand Group to Announce Third Quarter 2019 Financial Results on November 12, 2019 NEW YORK, Nov. 07, 2019 (GLOBE NEWSWIRE) -- Iconix Brand Group, Inc. (Nasdaq: ICON) (“Iconix” or the “Company”), plans to report its Third quarter ended September 30, 2019 financial results after the market closes on Tuesday, November 12, 2019. A conference call to discuss the financial results will be held at 5:00 PM ET that same day. The call can be accessed on the Company’s website at A written transcript will be posted online as soon as available. About Iconix Brand Group, Inc. Iconix Brand...
Iconix Reports Financial Results For The Second Quarter 2019 NEW YORK, Aug. 08, 2019 (GLOBE NEWSWIRE) -- Total revenue of $34.4 million compared with $50.2 million from the prior year quarter. GAAP Operating Income improves to income of $18.6 million from a loss of $94.6 million in the prior year quarter. Adjusted EBITDA margin improves to 59% from 49% in the prior year quarter.Signed 111 license deals year to date, representing $79 million of aggregate guaranteed minimum royalties. Iconix Brand Group, Inc. (Nasdaq: ICON) ("Iconix" or the "Company") today reported financial results fo...
Iconix Brand Group to Announce Second Quarter 2019 Financial Results on August 8, 2019 NEW YORK, Aug. 07, 2019 (GLOBE NEWSWIRE) -- Iconix Brand Group, Inc. (Nasdaq: ICON) (“Iconix” or the “Company”), plans to report its second quarter ended June 30, 2019 financial results after the market closes on Thursday, August 8, 2019. A conference call to discuss the financial results will be held at 5:00 PM ET that same day. The call can be accessed on the Company’s website at or by telephone at 844-286-1555 or 270-823-1180 (conference ID: 8539908). A written transcript will be posted online as...
Iconix Reports Financial Results For The First Quarter 2019 NEW YORK, May 14, 2019 (GLOBE NEWSWIRE) -- Total revenue of $35.9 million, a 26% decline from prior quarter. Mens segment revenue up 10% from the prior year. Signed 65 license deals year to date, representing $40 million of aggregate guaranteed minimum royalties. Iconix Brand Group, Inc. (Nasdaq: ICON) ("Iconix" or the "Company") today reported financial results for the first quarter ended March 31, 2019. Bob Galvin, CEO commented, “Results for the first quarter of 2019 were as expected, as we continue to stabilize the business...
Iconix Brand Group to Announce First Quarter 2019 Financial Results on May 14, 2019 NEW YORK, May 08, 2019 (GLOBE NEWSWIRE) -- Iconix Brand Group, Inc. (Nasdaq: ICON) (“Iconix” or the “Company”), plans to report its first quarter ended March 31, 2019 financial results before the market opens on Tuesday, May 14, 2019. A conference call to discuss the financial results will be held at 10:00 AM ET that same day. The call can be accessed on the Company’s website at . A written transcript will be posted online as soon as available. About Iconix Brand Group, Inc. Iconix Brand Group, Inc. ow...
Iconix Reports Financial Results For The Fourth Quarter & Full Year 2018 NEW YORK, March 27, 2019 (GLOBE NEWSWIRE) -- Total revenue of $187.7 million, a 17% decline from prior year. Continued growth internationally as segment revenue up 10% from the prior year. Improved financial stability during 2018 by closing on Delayed Draw Term Loan and issuing new 5.75% Convertible Notes. Signed 83 license deals over the last six months, representing $45 million of aggregate guaranteed minimum royalties through the life of the agreements for the next several years.Rationalized cost structure of b...
Iconix Brand Group to Announce Fourth Quarter and Full Year 2018 Financial Results on March 27, 2019 NEW YORK, March 21, 2019 (GLOBE NEWSWIRE) -- Iconix Brand Group, Inc. (Nasdaq: ICON) (“Iconix” or the “Company”), plans to report its fourth quarter and full year ended December 31, 2018 financial results before the market opens on Wednesday, March 27, 2019. A conference call to discuss the financial results will be held at 10:00 AM ET that same day. The call can be accessed on the Company’s website at . A written transcript will be posted online as soon as available. About Iconix Bra...
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