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Iconix Brand Group, Inc. (NASDAQ: ICON) is a public company that owns, licenses, and markets a portfolio of consumer brands. The company's stock, trading under the ticker symbol "ICON," is listed on the NASDAQ stock exchange in the United States.
In terms of financial performance, Iconix has faced some challenges in recent years. The company's revenue has declined in recent years, from $363.8 million in 2017 to $260.3 million in 2020. This decline was due in part to the impairment of certain brands and the company's decision to exit certain international markets.
However, Iconix has taken steps to strengthen its financial position, including reducing its debt and improving its liquidity. The company ended 2020 with $135.4 million in cash and cash equivalents, up from $44.7 million at the end of 2019.
In terms of earnings, Iconix reported a net loss of $11.5 million in 2020, compared to a net loss of $183.2 million in 2019. The company's adjusted EBITDA, which excludes certain one-time items, was $112.3 million in 2020.
Moving forward, Iconix is focused on leveraging its portfolio of brands to drive growth. The company has been expanding its presence in the home and lifestyle categories, and it has also been exploring opportunities in the digital space.
Overall, while Iconix has faced some financial challenges in recent years, the company is taking steps to improve its financial position and position itself for growth. Investors interested in the stock should keep an eye on the company's financial performance and its progress in leveraging its brand portfolio to drive growth.