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Article Date: May 2020
Word Count: 138

Iconix Swings to Q1 Loss on Impairment Charge


Net loss was $21,483,000 in the first quarter that included a $13.7 million impairment charge for the Rampage, Joe Boxer, Waverly, Fieldcrest and Umbro trademarks against income of $17,945,000 last year that benefitted from a $19.9 million fair value adjustment on ICON’s convertible notes. Licensing revenue slipped 22% to $27,951,000 from $35,942,000. The women’s segment dropped 23% to $6,478,000, mainly from the Mudd brand. Men’s plunged 38% to $6,757,000 ... Log in to view full article.

 


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