Iconix Brand reports rise over 160% in licensing & commission income in Q3
07 Nov '05
3 min read
For the nine months ended September 30, 2005 licensing and commission income increased over 100 percent to approximately $17.8 million compared to approximately $8.5 million in the comparable period for the prior year. Fully diluted earnings per share were $0.26 cents as compared to $0.04 cents in the prior year and net income for the nine months increased to approximately $8.5 million as compared to approximately $1.2 million in the prior year. Results for the nine months ended September 30, 2005 were inclusive of a non-cash tax benefit of approximately $3.2 million or $0.10 cents per fully diluted share.
The Company is updating its 2005 full year guidance to a range of $0.39 - $0.41 cents per share inclusive of a projected non-cash tax benefit of approximately $0.13 - $0.15 cents. This compares to the Company's previous guidance range of $0.33 to $0.35 cents a share.
The Company is revising preliminary projections for 2006 of earnings per share to a range of $0.65 to $0.70 cents. This compares to the Company's previous guidance range of $0.50 - $0.55 cents.
Iconix Brand Group Inc is in the business of licensing and marketing the CANDIE'S, BONGO, BADGLEY MISCHKA, JOE BOXER and RAMPAGE trademarks on a variety of apparel and fashion products. Through its wholly owned subsidiary, Brightstar Footwear Inc, the Company also arranges for the manufacture of footwear products for mass market retailers.
marketing@alchempro.com
