The increase is due primarily to $5,795,321 in sales from newly acquired TopPop products. Sales were comprised of Bellissima Prosecco and Sparkling Wine, the line of Hooters brand products, and the Company’s RTF TopPop products. Iconic reported revenue of $6,654,221 for the three months ended June 30, 2022, an increase of $6,069,307, or 1,038%, compared to $584,914 for the three months ended June 30, 2021. Our cash balance is solid, and we will continue to capitalize on our momentum,” commented Tom Martin, interim Chief Executive Officer of Iconic.
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We believe that the completion of our new Pennsauken facility, which is now running at full production, will allow us to focus on opportunities for new customers and to continue supporting our existing customers. Our core TopPop products are performing well, which is reflected in our sales. Our Bellissima Zero brand, a new line of zero-sugar still wines that are certified vegan and made with organic grapes, which we launched in the first quarter of 2022, is showing progress and adheres to our ‘better-for-you’ and ‘better-for-the-planet’ approach. Demand for our popular RTF, RTD ice pops, pouches, and Bellissima products remains high. For the six months ended June 30, 2022, revenue was $10.7 million, compared to $1.2 million in the same period last year. Revenue is up 1,038% year-over-year, and we surpassed our full-year 2021 revenue of $4.9 million by producing $6.6 million in the second quarter of 2022. “2022 is off to a strong start with record-breaking first and second quarters. The event was produced by Sophisticated Weddings magazine at Capitale in New York on April 10, 2022, and showcased tuxedos and suits by custom menswear clothier Alton Lane. Iconic’s Bellissima Prosecco and Zero wines were featured at the at Lé Lauriér’s debut New York Bridal Fashion Week Runway Show as the event’s exclusive wine sponsor.This was the second year that Iconic has embarked on its sustainability campaign with One Tree Planted, successfully planting 10,000 trees in 2021. The Company celebrated Earth Day 2022 by kicking off its “Tree Planting Campaign for Earth Day 2022.” From April 22 through May 31, Iconic collaborated with the international, environmental nonprofit tree-planting charity, One Tree Planted, to plant one tree in the California areas devastated by the wildfires for each bottle of Bellissima sold through.The facility is expected to produce 80 million units by the end of 2022. At the end of March 2022, TopPop reached full-scale production capability at its newest facility.
The majority of the Company’s revenue is currently attributed to TopPop’s packaging business.
Second Quarter 2022 Financial Highlights: ( OTC: ICNB) (“Iconic” or the “Company”), a leader in the development, design and delivery of alcohol and non-alcohol beverages, today reported financial results for the second quarter ended June 30, 2022. 23, 2022 (GLOBE NEWSWIRE) - via NewMediaWire – Iconic Brands, Inc. $1.2 million for the six months ended June 30, 2021, an increase of $9.4 million, or 778%.ĪMITYVILLE, NY, Aug. Revenue for the six months ended June 30, 2022, was $10.7 million vs.Total revenue for the quarter ended June 30, 2022, was over $6.6 million, surpassing revenue of $4.9 million for the entire year of 2021.Total revenue for the quarter ended June 30, 2022, was up 1,038% year-over-year, driven by strong demand for TopPop’s, ready-to-freeze (RTF), ready-to-drink (RTD) alcohol ice pops and flexible pouches.
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