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Tag: IMBI stock

  • iMedia Brands (IMBI) Improve Liquidity & Debt Management

    iMedia Brands Inc. (NASDAQ: IMBI) is an American, micro-cap interactive media company, which has been plagued by uncertainty throughout the year. The macroeconomic stresses of 2022 had wreaked financial difficulty on the company and thus putting a question mark on its sustainability. Moving forward, however, market bulls appear to have latched on to a glimmer of hope for IMBI stock.

    iMedia Brands Finds Financial Workaround

    The management of iMedia Brands, earlier yesterday had made an announcement to sell and lease back three of its buildings, which would add a hefty $48 million figure to the company’s balance sheet. The move is one that companies normally engage in, to meet their financing needs, and is standard practice across various industries. iMedia Brands has stated its plans of using the acquired funds to pay off the debt it holds, including a $28.5 million term loan to the Green Lake financiers. This debt write-down bodes well for the company’s future prospects, allowing it to avoid a Chapter 11 filing. It is evident that the move saw appreciation by the market, as IMBI stock took off today by 35%.

    IMBI Debt and Liquidity Management Outlook

    The sale and leaseback move does not come out of the blue for IMBI, considering that its management had stated as early as February towards working towards this goal. During the year, the company had already reduced its debt by $7 million, by tapping into its reserved earnings. Its positive business performance has contributed towards the successful execution of this strategy, with over $5 million coming in through positive working capital. Last year, this figure stood at $41 million, indicating that working capital management has improved year-on-year by an impressive $46 million.

    Conclusion

    IMBI stock faced widespread pessimism given the financial challenges it had faced. However, its management’s brilliant debt and liquidity management have been playing a major role in its progression to financial sustainability.

  • iMedia Brands, Inc. (IMBI) gained in the current market; here is what you need to know.

    iMedia Brands, Inc. (IMBI) gained in the current market; here is what you need to know.

    iMedia Brands, Inc. (IMBI) gained in the current market after announcing preliminary results for Q4 and fiscal 2021. Since yesterday’s closing price, IMBI has gained more than 11.91% in value, making its stock worth more than $6.91. The stock closed at $6.17 at the end of the previous trading session. The stock trading volume in the previous trading session was around 76.43 shares.

    IMBI: Expected Financials for Q4 and fiscal 2021

    • iMedia Brands, Inc. (IMBI) expects revenue of $190 million, gaining more than $65 million compared to the fourth quarter of 2020. iMedia Brands expects a fiscal year revenue of $547 which is 20% more than fiscal 2020.
    • The company expects a net loss of around $5 million in Q4 2021 compared to the net loss of $2.7 million for the same period in 2020. The earnings (loss) per share is $(0.23) in Q4 2021 as compared to $(0.21) per common share in Q4 2020.
    • iMedia Brands, Inc. (IMBI) expects a net loss of around $22 million in fiscal 2021 compared to the net loss of $13.2 million for the same period in 2020. The Earning (loss) per share is $(1.15) in fiscal 2021 as compared to $(1.23) per common share in fiscal 2020.
    • IMBI expects Q4 adjusted EBITDA to be approximately $14.6 million, up $6.2 million over last year. The company expects adjusted EBITDA to be around $41.1 million in 2021, compared to $23.9 million in the preceding year.

    2022 Outlook

    iMedia has maintained its forecast for 2022, which was issued on November 17, 2021. They expect revenue of $675 to $725 million, adjusted EBITDA of $50 to $60 million, and positive quarterly earnings per share commencing in the second half of 2022.

    Conclusion

    iMedia Brands, Inc. (IMBI) started 2022 with significant momentum. Q4 was a fantastic quarter, according to iMedia Brands CEO Tim Peterman, with the best sales growth rate in a decade. The company is focused on increasing its growth rate and expects its upcoming quarters to report positive income.