Iconic Sports Acquisition Corp   (ICNC)
Other Ticker:  
    Sector  Financial    Industry Blank Checks
   Industry Blank Checks
   Sector  Financial
Price: $10.8100 $-0.01 -0.092%
Day's High: $10.81 Week Perf: 0.00
Day's Low: $ 10.80 30 Day Perf: 0.84 %
Volume (M): 1 52 Wk High: $ 10.84
Volume (M$): $ 12 52 Wk Avg: $10.62
Open: $10.80 52 Wk Low: $10.47

 Market Capitalization (Millions $) 207
 Shares Outstanding (Millions) 19
 Employees -
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) 11
 Cash Flow (TTM) (Millions $) 1
 Capital Exp. (TTM) (Millions $) 0

Iconic Sports Acquisition Corp
Iconic Sports Acquisition Corp is a special purpose acquisition company (SPAC) focused on acquiring a target business in the sports, media, and entertainment industries. It is formed to engage in merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company's primary objective is to identify and acquire a target that has significant growth potential and can benefit from its expertise and network in the sports and entertainment sectors. As a SPAC, Iconic Sports Acquisition Corp raises capital through an initial public offering (IPO) and uses the funds to complete the acquisition of a target company within a specified timeframe.

   Company Address: 190 Elgin Avenue George Town 0
   Company Phone Number: (0) 2703 93702   Stock Exchange / Ticker: NYSE ICNC
   ICNC is expected to report next financial results on March 30, 2024.


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Iconic Sports Acquisition Corp

Iconic Sports Acquisition Corp Shines Despite Operating Shortfall, Demonstrating Encouraging Growth for Shareholders

As the April to June 2023 reporting season draws to a close, market participants have eagerly awaited the financial results from various sectors. Notably, within the Blank Checks sector, Iconic Sports Acquisition Corp (ICNC) has recently announced their second-quarter earnings. Despite a reported operating shortfall, this news is regarded as encouraging, demonstrating notable progress from the previous year. Additionally, the company's GAAP earnings offer further clarity on its performance. Let's delve into the details and explore the implications for the stock market.
Positive Trends Amidst Challenging Standards:
ICNC, despite facing challenging market conditions, reported an operating shortfall of $-0.68375 million for the second quarter of 2023. This figure, when compared to the same period a year ago, reflects a significant improvement. The reduction from $-0.721159 million showcases the company's ability to navigate difficulties and make substantial progress, bolstering market participants' confidence in ICNC's future prospects.

Iconic Sports Acquisition Corp

Iconic Sports Acquisition Corp Yet to Announce Revenue, Noted to Endure Operating Loss of $-0.809618 Million in Q1 2023, as Observed by Blank Checks Industry Analysts

Iconic Sports Acquisition Corp is currently experiencing a significant downward trend in their financial performance. The company has reported an operating loss of $-0.809618 million in the first quarter of 2023 with no revenue specified. This translates to a massive decline from the operating loss of $-0.417584 million in the same period the previous year, highlighting the downward spiral that Iconic Sports Acquisition Corp is facing.
The Blank Checks industry consultants are closely monitoring the financial reports coming from Iconic Sports Acquisition Corp, and their analysis of the situation is far from positive. The company's net earnings have contracted by a staggering -72.77% to $2.479 million in the fiscal interval ending March 31 2023, relative to the same period the previous year. This is a clear indication of the company's inability to generate the revenue necessary to sustain their operations and remain profitable.



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