IMBI - Earnings announcements

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 completed its previously announced sale-leaseback transaction with Pontus Net Lease Advisors, LLC, a division of Pontus Capital ("SLB"), together with multiple supporting transactions that materiall

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. When completed, these transactions will materially decrease our outstanding debt and improve our credit profile as a Company. We expect these transactions to close on Monday or Tuesday as we work t

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 financial results for the fourth quarter and full-year ended January 28, 2023. The Company will report its financial results in a press release prior to the conference call. Date: Monday, April 10

MINNEAPOLIS, March 20, 2023 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. (the "Company") (NASDAQ:IMBI, IMBIL))) announced today it has moved its earnings release date to March 28, 2023. The reason for the change is for the Company to keep its management resources focused on the completion of the sale-leaseback transaction, which is currently in process. The Company will now hold a conference call and webcast on Tuesday, March 28, at 8:30 a.m. Eastern time to discuss its financial results for the fourth quarter and full-year ended January 28, 2023. The Company will report its financial results in a press release prior to the conference call. Date: Tuesday, March 28, 2023Time: 8:30 a.m. Easter

MINNEAPOLIS, March 08, 2023 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. (the "Company") (NASDAQ:IMBI, IMBIL))) will hold a conference call and webcast on Wednesday, March 22, at 8:30 a.m. Eastern time to discuss its financial results for the fourth quarter and full-year ended January 28, 2023. The Company will report its financial results in a press release prior to the conference call. Date: Wednesday, March 22, 2023Time: 8:30 a.m. Eastern time (7:30 a.m. Central time)U.S. dial-in number: 1-877-407-9039International dial-in number: 1-201-689-8470Conference ID: 1373 9848Webcast link: iMedia Brands 4Q earnings webcast The conference call and webcast will be broadcast live and available for re

ShopHQ Relaunched on Dish Network on November 21 iMedia Strengthens Balance Sheet - Signs $48 million Sale-Leaseback Letter of Intent MINNEAPOLIS, Nov. 22, 2022 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. (the "Company" or "iMedia") (NASDAQ:IMBI, IMBIL))) today announced results for the third quarter ended October 29, 2022. CEO Commentary – Tim Peterman, CEO"Tough economic conditions increasingly distract consumers; therefore, our priority is to ensure we strengthen our balance sheet and build our core businesses to serve our customers.  Our 2022 debt & liquidity management plan is ahead of schedule. On November 8 we executed a letter of intent with a real estate investment firm to sell th

MINNEAPOLIS, Nov. 04, 2022 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. (the "Company") (NASDAQ:IMBI) will hold a conference call and webcast on Tuesday, November 22, at 8:30 a.m. Eastern time to discuss its financial results for the third quarter ended October 29, 2022. The Company will report its financial results in a press release prior to the conference call. Date: Tuesday, November 22, 2022Time: 8:30 a.m. Eastern time (7:30 a.m. Central time)U.S. dial-in number: 1-877-407-9039International dial-in number: 1-201-689-8470Conference ID: 1373 4238Webcast link: iMedia Brands 3Q earnings webcast The conference call and webcast will be broadcast live and available for replay via the investor r

MINNEAPOLIS, Aug. 24, 2022 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. (the "Company" or "iMedia") (NASDAQ:IMBI, IMBIL))) today announced results for the second quarter ended July 30, 2022. Second Quarter and Year-To-Date 2022 Summary & Recent Highlights: Q2 Net sales were $133 million, a 17% increase over the same prior year period. Year-to-date net sales were $288 million, a 27% increase over the same prior period.Q2 Gross margin was 36.3%, a 597 basis-point decline over the same prior year period. Year-to-date gross margin was 38.1%, a 334 basis-point decline over the same prior year period.Q2 Net loss was $11.1 million or $(0.42) per common share, compared to the same prior-year period n

MINNEAPOLIS, Aug. 22, 2022 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. ("the Company" or "iMedia") (NASDAQ:IMBI, IMBIL))) today announced select preliminary unaudited financial results for the second quarter ended July 30, 2022 and updated its outlook for fiscal 2022. The Company is providing this information in advance of its participation at the D.A. Davidson Big Sky Conference that begins today. Preliminary Q2 2022 Results and Recent Events: Consolidated net sales are estimated to be $133 million, an increase of approximately 17% compared to the same prior year period and an estimated $25 million below management's previously provided guidance. The shortfall to guidance is dri

MINNEAPOLIS, Aug. 03, 2022 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. (the "Company") (NASDAQ:IMBI) will hold a conference call and webcast on Wednesday, August 24, at 8:30 a.m. Eastern time to discuss its financial results for the second quarter ended July 30, 2022. The Company will report its financial results in a press release prior to the conference call. Date: Wednesday, August 24, 2022Time: 8:30 a.m. Eastern time (7:30 a.m. Central time)U.S. dial-in number: 1-877-407-9039International dial-in number: 1-201-689-8470Conference ID: 1373 2127Webcast link: iMedia Brands, Inc. 2Q Webcast Link The conference call and webcast will be broadcast live and available for replay via the investor r

MINNEAPOLIS, May 24, 2022 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. ("iMedia") (NASDAQ:IMBI, IMBIL))) today announced results for the first quarter ended April 30, 2022. "We are off to good start this year," said Tim Peterman, CEO of iMedia. "Our top three fiscal 2022 priorities continue to be to deliver positive earnings per share in the fourth quarter, strengthen our balance sheet, and capitalize on the convergence of entertainment, advertising and ecommerce." First Quarter 2022 Consolidated Highlights: Net sales were $155 million, a 37% increase over the prior year period.Gross margin was 39.7%, a 96 basis-point decline from the prior year period.Net loss was $11.9 million or $(0.55) p

MINNEAPOLIS, May 16, 2022 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. ("iMedia") (NASDAQ:IMBI, IMBIL))) today announced its preliminary Q1 financial results are in-line with its previously provided guidance and reconfirmed its full-year 2022 guidance previously provided on March 22, 2022. "Our focus on the fundamentals of our business again delivered strong financial results for the quarter," said Tim Peterman, CEO of iMedia. "On a daily basis we make important decisions based on our customers, the economy, the competition, and our internal capabilities and resources. I'm proud to provide a few key results of our efforts." Q1 2022 Preliminary Results. We anticipate reporting net sales betwee

MINNEAPOLIS, May 04, 2022 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. (the "Company") (NASDAQ:IMBI) will hold a conference call and webcast on Tuesday, May 24, at 8:30 a.m. Eastern time to discuss its financial results for the first quarter ended April 30, 2022. The Company will report its financial results in a press release prior to the conference call. Date: Tuesday, May 24, 2022Time: 8:30 a.m. Eastern time (7:30 a.m. Central time)U.S. dial-in number: 1-877-407-9039International dial-in number: 1-201-689-8470Conference ID: 1372 9848Webcast link: iMedia Brands 1Q earnings webcast The conference call and webcast will be broadcast live and available for replay via the investor relations sect

Q4 Net Sales were $194 Million, a 55% Increase Over Same Prior Year Period 2021 Full Year Net Sales were $551 million, a 21% Increase Over 2020 MINNEAPOLIS, March 22, 2022 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. (the "Company") (NASDAQ:IMBI, IMBIL))) today announced results for the fourth quarter and full-year ended January 29, 2022. "Q4 was another exceptional quarter and 2021 was a transformational year," said Tim Peterman, CEO of the Company. "Our demonstrated abilities to capitalize on the convergence of entertainment, advertising and ecommerce continue to accelerate our growth opportunities." Fourth Quarter 2021 Consolidated Highlights: Net sales were $193.8 million, a 55% increa

MINNEAPOLIS, Feb. 23, 2022 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. (the "Company") (NASDAQ:IMBI) will hold a conference call and webcast on Tuesday, March 22, at 8:30 a.m. Eastern time to discuss its financial results for the fourth quarter and full-year ended January 29, 2022. The Company will report its financial results in a press release prior to the conference call. This date was referred to in the Company's preliminary financial results press release before its Capital Markets Day on February 7, 2022. CEO Tim Peterman and CFO Monty Wageman will host the conference call and webcast. Date: Tuesday, March 22, 2022Time: 8:30 a.m. Eastern time (7:30 a.m. Central time)Toll-free dial-in

Consolidated Net Sales of $190 Million Expected For Q4, a 52% Increase Over Same Prior Year Period Three Reporting Segments – Entertainment, Consumer Brands, Media Commerce Services Live Webcast Today 10:00 a.m. Central time – Capital Markets Day MINNEAPOLIS, Feb. 07, 2022 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. (the "Company") (NASDAQ:IMBI) is reporting select preliminary unaudited financial results for the fourth quarter and full year ended January 29, 2022, along with reaffirming its guidance for fiscal 2022. "Q4 was an exceptional quarter for us with the highest revenue growth in a decade," said Tim Peterman, CEO of iMedia Brands. "This creates a strong foundation for 2022." Preli

MINNEAPOLIS, Nov. 17, 2021 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. (the "Company" or "IMBI") (NASDAQ:IMBI) today announced results for the third quarter ended October 30, 2021. "Our mission is to capitalize on the accelerating marketplace convergence of entertainment, ecommerce and advertising," said Tim Peterman, CEO of IMBI. "Our strong third quarter performance and the successful closing of our 123tv acquisition are tangible examples that our progress continues." Third Quarter 2021 Summary & Recent Highlights Net sales were $130.7 million, an increase of 20% compared to the same prior-year period and the best year-over-year quarterly revenue growth in over ten years. During the quart

MINNEAPOLIS, Nov. 03, 2021 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. (the "Company") (NASDAQ:IMBI) will hold a conference call on Wednesday, November 17, 2021, at 8:30 a.m. Eastern time to discuss its financial results for the third quarter ended October 30, 2021. The Company will report its financial results in a press release prior to the conference call. CEO Tim Peterman and CFO Monty Wageman will host the conference call, followed by a question and answer session. Date: Wednesday, November 17, 2021 Time: 8:30 a.m. Eastern time (7:30 a.m. Central time)Toll-free dial-in number: 1-877-407-9039International dial-in number: 1-201-689-8470Conference ID: 13724909 Please call the conference t

MINNEAPOLIS, Aug. 24, 2021 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. (the "Company" or "IMBI") (NASDAQ:IMBI) today announced results for the second quarter ended July 31, 2021. "Q2 represented a significant achievement for us," said Tim Peterman, CEO of IMBI. "Despite short-term logistic challenges that caused inventory receipt delays, we continued to optimize our existing television networks and consumer brands while strengthening our balance sheet and completing the acquisition of a leading video advertising platform that we believe, when combined with our first party customer data and our OTT App platform, Float Left, will become online publishers' most trusted video advertising platform

MINNEAPOLIS, Aug. 06, 2021 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. (the "Company") (NASDAQ:IMBI) will hold a conference call on Tuesday, August 24, 2021, at 8:30 a.m. Eastern time to discuss its financial results for the second quarter ended July 31, 2021. The Company will report its financial results in a press release prior to the conference call. CEO Tim Peterman will host the conference call, followed by a question and answer period. Date: Tuesday, August 24, 2021 Time: 8:30 a.m. Eastern time (7:30 a.m. Central time)Toll-free dial-in number: 1-877-407-9039International dial-in number: 1-201-689-8470Conference ID: 13722262 Please call the conference telephone number 5-10 minutes prio