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iMedia Brands, Inc. (IMBI) is a leading interactive media company that specializes in multiplatform media and interactive commerce. The company, renowned for its customer-centric approach, operates a variety of television networks and digital platforms that sell consumer products to customers globally.
Core Business and Operations
iMedia Brands is primarily involved in the production and distribution of engaging television content that integrates direct-to-consumer sales. Their operations span across TV networks such as ShopHQ, a live 24/7 shopping network, and other specialty channels. They also manage several e-commerce platforms, enhancing their reach beyond televised content.
Recent Achievements and Projects
Recently, the company has expanded its product offerings and improved its customer engagement strategies. By integrating advanced analytics and AI-driven recommendations, iMedia Brands has optimized its sales and marketing efforts to cater to individual customer preferences. The company has also launched initiatives to increase its content production capabilities, ensuring a steady flow of fresh and appealing content for its audience.
Financial Condition
iMedia Brands has demonstrated resilience and growth in its financial performance. Their strategic focus on optimizing operational efficiencies and expanding revenue streams has resulted in improved margins and profitability. The company continues to invest in infrastructure and technology, emphasizing long-term financial stability and growth.
Partnerships and Collaborations
Partnerships play a crucial role in iMedia Brands' success. The company collaborates with a diverse range of brands and suppliers, enabling them to offer a wide variety of products. They have also formed alliances with media and technology companies to enhance their content delivery and customer engagement capabilities.
Products and Services
iMedia Brands offers an extensive line of consumer products, including fashion, beauty, wellness, home goods, and more. Their platforms provide a seamless shopping experience, combining entertainment with convenience. The company's dedication to quality and customer satisfaction has earned them a loyal customer base.
With their headquarters in Eden Prairie, Minnesota, iMedia Brands continues to innovate and expand, driving growth through strategic initiatives and customer-focused solutions.
iMedia Brands, Inc. (NASDAQ: IMBI) will hold a conference call on May 25, 2021, at 8:30 a.m. Eastern time to discuss its Q1 financial results for the period ending May 1, 2021. CEO Tim Peterman will lead the call, which includes a Q&A session. Interested parties can join via toll-free number 1-877-407-9039 or international dial-in 1-201-689-8470 with Conference ID: 13719509. A replay will be accessible from 11:30 a.m. Eastern time on the same day through June 8, 2021. iMedia is a leading interactive media company with a diverse portfolio in lifestyle networks and consumer brands.
iMedia Brands (NASDAQ: IMBI) reported a significant achievement by launching 34 new brands in Q1 2021, marking a 100%+ growth in brand premieres compared to Q1 2020. The new brands span categories including home products, beauty, and fashion, reflecting the company's commitment to enhancing customer experiences. Notable launches include Swarovski Crystal, ContoursRX, and REST Smart Beds. Customers can explore these brands via ShopHQ networks and online platforms.
iMedia Brands (NASDAQ: IMBI) reported Q4 2020 results, achieving a net sales increase of 1% to $124.8 million. This marks the first Q4 revenue growth since 2015. Gross profit rose 20% to $44.4 million, with a gross margin improvement to 35.6%. The company reported a notable net loss reduction from $18.4 million in Q4 2019 to $2.7 million in Q4 2020. Cash flow from operations improved significantly to $6.2 million, while free cash flow turned positive at $1.3 million. For 2021, iMedia anticipates revenue growth of 3-5% and adjusted EBITDA of at least $28 million.
iMedia Brands, Inc. (NASDAQ: IMBI) is scheduled to hold a conference call on March 23, 2021, at 8:30 a.m. ET to discuss its Q4 2020 financial results. The results will be released before the call. CEO Tim Peterman will lead the discussion and a Q&A session will follow. Interested parties can join the call via toll-free numbers or view it live online, with a replay available after the call until April 6, 2021. iMedia Brands specializes in interactive media, operating various lifestyle television networks and consumer brands.
iMedia Brands (NASDAQ: IMBI) has announced a licensing partnership with ReStore Capital to operate the iconic Christopher & Banks brand across all channels, effective March 1, 2021. The partnership aims to revitalize the 75-year-old brand through a new weekly television program on ShopHQ, alongside an online interactive shopping service. iMedia plans to leverage its media assets for growth, reflecting its successful launch with Shaquille O’Neal branded products. Both companies express enthusiasm for maintaining the brand’s strong customer base.
iMedia Brands (NASDAQ: IMBI) announced a public offering of 2,860,000 shares at $7.00 per share, potentially raising approximately $20 million. An additional 429,000 shares may be purchased by underwriters within 30 days. This offering is expected to close around February 22, 2021, pending usual closing conditions. Proceeds will be allocated for working capital and general corporate purposes. Craig-Hallum Capital Group is the sole managing underwriter.
iMedia Brands (NASDAQ: IMBI) announced plans for an underwritten public offering of its common stock. The offering is subject to market conditions, and there is no guarantee on its completion or the final terms. Additionally, the underwriter may purchase up to 15% more shares. The offering will be managed by Craig-Hallum Capital Group, with a registration statement already filed with the SEC. Investors should note that this announcement does not constitute an offer to sell securities in jurisdictions where such sales are prohibited.
iMedia Brands (NASDAQ: IMBI) reported a successful Q4 2020, achieving net sales of at least $124.6 million, marking the first revenue growth since 2015. The quarter saw gross profit increase by 20% to approximately $44.3 million, driven by a gross margin improvement of 550 basis points. The company also returned to positive operating cash flow of at least $6 million for the full year, generating positive free cash flow of at least $1 million. Despite a net loss of approximately $3 million in Q4, the adjusted EBITDA showed significant improvement, totaling at least $8.2 million. Looking ahead, IMBI anticipates a strong 2021.
iMedia Brands (NASDAQ: IMBI) announces the second season of Learning to Cook with Shaq, set to premiere in February 2021 on ShopHQ and ShopBulldogTV. The show will feature new products including kitchenware, health supplements, and Shaquille O’Neal’s GF-9 hormone supplements. The partnership with Authentic Brands Group and Tristar Products aims to expand retail distribution, with Shaq actively promoting the products. O’Neal plans to enhance his role as a ShopHQ spokesperson during promotional campaigns.
iMedia Brands, Inc. (NASDAQ: IMBI) has announced a partnership between its subsidiary Float Left Interactive and streaming specialists 24i. This collaboration aims to enhance the OTT technology landscape by integrating Float Left's advanced Roku framework into 24i's Smart Apps product. The partnership is expected to create innovative solutions for content owners and broadcasters, offering a seamless user experience across devices. Both companies emphasize a commitment to efficient development and adaptation in the growing OTT market.
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