ICONIX BRAND GROUP, INC.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2021 10-Q, filed May 13, 2021. Its latest SEC filing is a SC 13G/A from Feb 14, 2022.

The sections below describe the company as of the FY2020 annual report.

What Did They Do?

Licenses consumer brands for clothing and home products to retailers and wholesale suppliers, and supports licensees with marketing and product direction.

How Did They Make Money?

Licensees pay minimum royalties and advertising or marketing fees under brand licenses, plus additional royalties tied to their product sales. Minimum royalties are spread across the contract term; additional royalties depend on sales above the agreed minimum.

FY2020 revenue

Who Were Their Customers?

National retailers can license brands directly; wholesale suppliers license brands for product categories and can sell the products to multiple retailers.

Customers above 10% of revenue, FY2020

of revenue from one customer

FY2019: 23% from two customers

How Were They Changing?

Since the FY2020 annual report

Latest quarter: Q1 FY2021, the three months to Mar 31, 2021

Revenue: ▼ −15%; vs $28M in Q1 FY2020
Net income: ▲ Now profitable; vs −$21.8M in Q1 FY2020

Aug 4, 2021 Iconix became a wholly owned subsidiary after the merger Nasdaq filed to deregister the shares in connection with the merger.
Jun 11, 2021 Iconix agreed to be acquired in an all-cash merger The agreement provided for a tender offer followed by a merger with Iconix surviving as a wholly owned subsidiary.

Shrank. Revenue fell 71% in 4 years, from $368.5M in FY2016 to $108.6M in FY2020, about 26% a year.

Who Did They Compete With?

Competes with Zara, H&M, Russell Athletic, C9, Avia, And1, Nike, and Adidas

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