| (USD) | Oct 2022 | Q/Q |
|---|---|---|
| Revenue | 123.3MM | -7% |
| Gross Profit | 51.5MM | +6% |
| Cost Of Revenue | 71.8MM | -15% |
| Operating Income | -15.3MM | +73% |
| Operating Expenses | 66.8MM | +17% |
| Net Income | -21.3MM | +68% |
| G&A | 21.2MM | - |
| Marketing | 35.3MM | -4% |
| Amortization | 8.8MM | +13% |
| Interest Expense | 6MM | +49% |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
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MINNEAPOLIS, July 07, 2023--Global media company iMedia Brands, Inc. (the "Company" or "iMedia") (NASDAQ: IMBI, IMBIL) today announced that it has entered into an asset and equity purchase agreement (the "AEPA") with an affiliate of RNN National Media Group ("RNN"), a privately owned portfolio of independent broadcast assets and production and distribution capabilities, to sell substantially all of the Company’s assets, including its ShopHQ Networks, 1-2-3.tv, iMDS, J.W. Hulme, and Christopher &
MINNEAPOLIS, July 06, 2023--Global media company iMedia Brands, Inc. (the "Company" or "iMedia") (NASDAQ: IMBI, IMBIL) today announced that on June 29, 2023, it was notified by the Listing Qualifications Department of The Nasdaq Stock Market ("Nasdaq") that they had determined to delist the Company’s common stock and its 8.5% Senior Notes due 2026 as a result of the Company’s commencement of voluntary proceedings under Chapter 11 of the United States Bankruptcy Code. Nasdaq informed the Company
In a court filing, a company official said iMedia was in talks with a potential acquirer, but needed the Chapter 11 filing to obtain a ‘breathing spell’ as it works to finalize the deal.
MINNEAPOLIS, June 23, 2023 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. (the “Company” or “iMedia”) (Nasdaq: IMBI, IMBIL) today announced that the Company received a second notice of non-compliance from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) on June 16, 2023, related to Nasdaq Listing Rule 5250(c)(1) (the "Rule") as a result of its failure to file its Form 10-Q for the period ended April 29, 2023, with the Securities and Exchange Commission (the "SEC"). As previou
MINNEAPOLIS, May 05, 2023 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. (the “Company” or “iMedia”) (NASDAQ: IMBI, IMBIL) today announced that the Company is noncompliant with the periodic filing requirements for continued listing set forth in NASDAQ Listing Rule 5250(c)(1) (the "Rule") as a result of its failure to file its Annual Report on Form 10-K for the year ended January 28, 2023 with the Securities and Exchange Commission (the "SEC") by the required due date of April 28, 2023 (the "NASDAQ Noti
MINNEAPOLIS, April 20, 2023 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. (the “Company” or “iMedia”) (NASDAQ: IMBI, IMBIL) today announced it has selected Lincoln International (“Lincoln”) as its investment banker and Advisor to manage and complete a refinancing of the Company’s current Asset-Based Lending (“ABL”) revolving credit facility. “Lincoln International has an impressive track record of helping companies improve their capital structure, working aggressively, and thinking outside of the box,
iMedia Brands Inc (NASDAQ: IMBI) reported a fourth-quarter FY22 sales decline of 31.1% year on year, to $133.5 million, missing the analyst consensus of $171 million. The company attributed the revenue decline to an unexpected liquidity challenge. In addition, an estimated $10 million negative net sales impact was driven by ShopHQ Networks' proactive content distribution disruptions. The gross margin fell 150 basis points Y/Y to 36.8%. The company recorded an operating loss of $(15.3) million fo
Subsequent to Year-End, Completes $48 million Sale-Leaseback. Reduces Debt by $53 million Fiscal 2022 Net Sales were $545 million, a 1% Decrease to Fiscal 2021 Q4 2022 Net Sales were $134 million, a 31% Decrease to Q4 2021 MINNEAPOLIS, April 12, 2023 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. (the “Company” or “iMedia”) (NASDAQ: IMBI, IMBIL) today announced results for the fourth quarter and full-year ended January 28, 2023. The Company also announced that on April 10, 2023, it simultaneously compl
MINNEAPOLIS, April 08, 2023 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. (the “Company”) (NASDAQ: IMBI, IMBIL) announced today it has moved its earnings release date from Monday, April 10 to Wednesday April 12, 2023. CEO Commentary – Tim Peterman, CEO“We appreciate our investors and other stakeholders’ patience with us over these past several weeks, and I personally apologize for this delay. We are in the final stages of completing five financing transactions that we intend to close simultaneously. W
MINNEAPOLIS, March 27, 2023 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. (the “Company”) (NASDAQ: IMBI, IMBIL) announced today it has moved its earnings release date to April 10, 2023. The reason for the change is to provide additional time for the Company to keep its management resources focused on the closing of the sale-leaseback transaction, which is currently in process. The Company will now hold a conference call and webcast on Monday, April 10, at 8:30 a.m. Eastern time to discuss its financia