Replies to post #210911 on Iconic Brands Inc (ICNB)

[packerfan9]

Same result. Revenues go up but losses go up by millions. Not good. No wonder no volume and more dilution. Have to keep paying for growing losses.

[Whiplash_Investor]

I see losses (9 mod) are compounding…$4M last year and $12M now ($9M from the business plus $3M for divvy to “preferred shareholders.

Only good news is sales up substantially. $13.8 2022 and $4M last year at same time. Main plus is revenue has grown (how much is Pop Top?). Revenue growth is good, but I fail to see the benefit of a divvy to preferred shareholders when business is losing $9M in 9 mos.