• Linkdin
Maximize your media exposure with Fibre2Fashion's single PR package  |   Know More

Iconix Brand's Q3 licensing revenue down 3%

14 Nov '15
2 min read

Iconix Brand Group, a globally recognised brand management company, recorded a fall of 3 per cent in its licensing revenue for the third quarter of 2015 because of foreign exchange currency rates and absence of other revenue in the quarter (like the joint venture revenue in the corresponding quarter of the year 2014), according to a press statement released by the company.

The licensing revenue for Q3 2015 stands at approximately $88.9 million at Iconix Brands against approximately $91.6 million in the corresponding quarter of the previous year.

The company recorded a fall of 89 per cent in its net income for the third quarter of 2015 on a non-GAAP basis, making it stand at approximately $4.4 million for the quarter as compared to the figure of approximately $38.0 million in Q3 2014.

On a GAAP basis, Iconix recorded a loss of approximately $6.3 million against an income of $33.7 million in the third quarter of 2014. GAAP diluted EPS for the quarter recorded a loss of $0.13 against a loss of $0.58 for the corresponding quarter of the previous year.

Commenting on the results, Peter Cuneo, chairman and interim CEO of the company said, “I would like to reiterate that the underlying fundamentals of our business are strong. We have gone through a difficult transition period, but Iconix continues to have significant business strengths including its diversified portfolio of consumer brands, profitable business model and strong free cash flow generation.”

“All of us at the company are focused on capitalising on these strengths and addressing the issues that have impacted more recent performance to improve our results and enhance value for shareholders,” he said. (MCJ)

Fibre2Fashion News Desk — India

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search