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Iconix Brand Group Inc (ICON.OQ)

ICON.OQ on NASDAQ Stock Exchange Global Select Market

0.70USD
20 Jun 2018
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Latest Key Developments (Source: Significant Developments)

Iconix Reports Q4 Non-Gaap Earnings Per Share $0.06 From Continuing Operations
Wednesday, 14 Mar 2018 05:26pm EDT 

March 14 (Reuters) - Iconix Brand Group Inc ::ICONIX REPORTS FINANCIAL RESULTS FOR THE FOURTH QUARTER & FULL YEAR 2017.Q4 NON-GAAP EARNINGS PER SHARE $0.06 FROM CONTINUING OPERATIONS.SEES FY REVENUE $190 MILLION TO $220 MILLION.SEES 2018 ‍GAAP NET INCOME GUIDANCE OF $7 MILLION TO $17 MILLION, AND $20 MILLION TO $30 MILLION ON A NON-GAAP BASIS​.REITERATES FULL YEAR 2018 REVENUE GUIDANCE.SEES 2018 ‍FULL YEAR FREE CASH FLOW OF APPROXIMATELY $50 MILLION TO $70 MILLION ​.QTRLY LICENSING REVENUE $52.3 MILLION VERSUS $58.8 MLN‍​.  Full Article

Iconix Brand Group Announces Upsize Of Private Exchange
Friday, 16 Feb 2018 09:00am EST 

Feb 16 (Reuters) - Iconix Brand Group Inc ::ICONIX BRAND GROUP ANNOUNCES UPSIZE OF PRIVATE EXCHANGE OF ITS 1.5% CONVERTIBLE SENIOR SUBORDINATED NOTES DUE 2018 TO $125 MILLION.ICONIX BRAND GROUP - ENTERED INTO ADDITIONAL AGREEMENTS WITH HOLDERS OF CO'S 1.5% CONVERTIBLE SENIOR SUBORDINATED NOTES DUE 2018.ICONIX BRAND GROUP INC - AGREEMENTS TO INCREASE AMOUNT OF 2018 NOTES PARTICIPATING IN PRIVATE EXCHANGE TO $125 MILLION.  Full Article

Iconix Brand Announces Private Exchange Of About $110 Million Of Its Convertible Notes
Monday, 12 Feb 2018 08:28am EST 

Feb 12 (Reuters) - Iconix Brand Group Inc ::ICONIX BRAND GROUP ANNOUNCES PRIVATE EXCHANGE OF APPROXIMATELY $110 MILLION OF ITS CONVERTIBLE NOTES AND PROVIDES 2018 OUTLOOK.SEES FY 2018 REVENUE $190 MILLION TO $220 MILLION.REITERATING 2017 REVENUE AND NON GAAP EARNINGS PER SHARE WITHIN PREVIOUSLY RELEASED GUIDANCE.‍SIGNED A NEW MULTI-YEAR LICENSE AGREEMENT WITH TARGET FOR UMBRO BRAND​.SAYS HAS INITIATED A COST SAVINGS PLAN TO "IMPROVE PROFITABILITY AND FREE CASH FLOW".EXPECTS TO ACHIEVE ANNUAL SAVINGS OF ABOUT $12 MILLION.  Full Article

Iconix reports Q3 Non-GAAP Earnings Per Share From Cont Ops $0.24
Friday, 22 Dec 2017 02:46pm EST 

Dec 22 (Reuters) - Iconix Brand Group Inc ::ICONIX REPORTS THIRD QUARTER 2017 RESULTS.Q3 NON-GAAP EARNINGS PER SHARE $0.24 FROM CONTINUING OPERATIONS.Q3 REVENUE FELL 12 PERCENT TO $53.2 MILLION.Q3 EARNINGS PER SHARE VIEW $0.15 -- THOMSON REUTERS I/B/E/S.Q3 GAAP LOSS PER SHARE $9.64 FROM CONTINUING OPERATIONS.ICONIX BRAND GROUP - RECORDED NON-CASH GOODWILL IMPAIRMENT CHARGE OF $103.9 MILLION IN QUARTER.ICONIX BRAND GROUP - IN Q3 OF 2017, CO RECORDED NON-CASH TRADEMARK IMPAIRMENT CHARGE OF ABOUT $521.8 MILLION.- EXPECTS 2017 NON-GAAP EPS TO BE SLIGHTLY ABOVE ITS GUIDANCE RANGE OF $0.65 TO $0.70.- EXPECTS REVENUE TO BE AT LOW END OF ITS GUIDANCE RANGE OF $225 MILLION TO $235 MILLION FOR 2017 .- NOW SEES 2017 LOSS PER SHARE $9.79 TO $9.89.FY2017 EARNINGS PER SHARE VIEW $0.66 -- THOMSON REUTERS I/B/E/S.  Full Article

Iconix Brand Group Sees Q3 Shr Loss From Cont Ops Of $0.10
Wednesday, 6 Dec 2017 09:00am EST 

Dec 6 (Reuters) - Iconix Brand Group Inc ::ICONIX BRAND GROUP - EXPECTS (NOT REPORTS) Q3 LOSS PER SHARE FROM CONTINUING OPERATIONS $0.10.ICONIX REPORTS PRELIMINARY THIRD QUARTER 2017 RESULTS AND PROVIDES UPDATE ON INTANGIBLE ASSET IMPAIRMENT.SEES Q3 2017 NON-GAAP EARNINGS PER SHARE ABOUT $0.24 FROM CONTINUING OPERATIONS.Q3 EARNINGS PER SHARE VIEW $0.11 -- THOMSON REUTERS I/B/E/S.COMPANY EXPECTS LICENSING REVENUE FOR Q3 OF 2017 TO BE APPROXIMATELY $53.2 MILLION, A 12% DECLINE.EXPECTS NON-GAAP DILUTED EPS FROM CONTINUING OPERATIONS FOR Q3 TO BE ABOUT $0.24.ICONIX BRAND - EXPECTS TO RECOGNIZE NON-CASH INTANGIBLE ASSET IMPAIRMENT CHARGE IN Q3 OF ABOUT $500 MILLION TO $750 MILLION PRIMARILY RELATED TO WOMEN'S SEGMENT.BELIEVES THAT FULL YEAR 2017 RESULTS WILL BE WITHIN PREVIOUSLY ISSUED GUIDANCE.ALSO EXPECTS TO HAVE A NON-CASH TAX CHARGE OF ABOUT $15 MILLION RELATED TO WRITE OFF OF CERTAIN DEFERRED TAX ASSETS IN Q3.  Full Article

Iconix Brand Group Enters Second Amendment, Consent And Limited Waiver To Credit Agreement
Monday, 27 Nov 2017 09:00am EST 

Nov 27 (Reuters) - Iconix Brand Group Inc ::ICONIX BRAND GROUP - ‍ON NOV 24, CO THROUGH UNIT ENTERED SECOND AMENDMENT, CONSENT AND LIMITED WAIVER TO CREDIT AGREEMENT, DATED AUG 2, 2017​.ICONIX BRAND GROUP - ‍LENDERS AGREED, PURSUANT TO TERMS OF AMENDMENT TO WAIVE UNTIL DEC 22, POTENTIAL DEFAULTS ARISING UNDER CREDIT AGREEMENT​.  Full Article

Nickelodeon says partners with Danskin to launch line of dance, athleisure wear
Monday, 20 Nov 2017 10:00am EST 

Nov 20 (Reuters) - Nickelodeon::Nickelodeon says partners with Danskin to launch line of dance and athleisure wear inspired by JoJo Siwa​.  Full Article

Iconix Brand Group's unit enters into amendment to credit agreement​
Monday, 30 Oct 2017 10:55am EDT 

Oct 30 (Reuters) - Iconix Brand Group Inc ::On Oct 27, co, through unit entered limited waiver and amendment no. 1 to credit agreement​ - SEC filing.Says ‍amendment provides for reduction in existing $300 million term loan​.Says ‍under terms of original credit agreement, company established an escrow account​.  Full Article

Iconix provides business update and amends term loan
Monday, 30 Oct 2017 09:16am EDT 

Oct 30 (Reuters) - Iconix Brand Group Inc :Iconix provides business update and announces amendment to term loan.Informed by Walmart that Danskinnow license, which is a diffusion of Danskin brand, will not be renewed beyond January 2019​.As a result, royalty revenue for Danskin brand is estimated to decline approximately $15.5 million in 2018​.Due to some developments, co forecasted that it would unlikely be in compliance with some its financial debt covenants in 2018.Recently engaged in talks with lenders to provide relief under financial debt covenants, entered amendment of senior secured term loan.As a result of discussions with lenders, ‍co agreed to reduce size of credit facility by approximately $75 million to $225 million​.Continues to evaluate capital raising options to repay debt, strategic alternatives, including sale of certain assets or entire co.Danskin will continue to be distributed to leading retailers including Lord & Taylor, Costco and TJMaxx​.Working with Guggenheim Securities LLC as its financial advisor in connection with ongoing efforts to "strengthen its balance sheet".  Full Article

Iconix Brand Group files for non-timely 10-Q - SEC filing‍​
Wednesday, 9 Aug 2017 04:47pm EDT 

Aug 9 (Reuters) - Iconix Brand Group Inc :Iconix Brand Group files for non-timely 10-Q - SEC filing‍​.Iconix Brand - co requires additional time to reflect in financial statements deconsolidation of Southeast Asia joint venture.  Full Article

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Jay-Z ordered to testify next week in U.S. SEC investigation

NEW YORK A federal judge in New York on Tuesday ordered Jay-Z to testify on May 15 in an investigation by the U.S. Securities and Exchange Commission involving the sale of the rapper's Rocawear clothing brand to Iconix Brand Group Inc.