Welcome to our dedicated page for Imedia Brands news (Ticker: IMBIL), a resource for investors and traders seeking the latest updates and insights on Imedia Brands stock.
iMedia Brands, Inc. (IMBIL), New Zealand's premier online pet product retailer since 2013, provides investors and industry observers with essential updates through this dedicated news hub. Track official announcements, strategic developments, and market positioning moves for this Auckland-based company offering 6,500+ pet care items from 280 brands.
This resource consolidates earnings reports, product line expansions, supply chain updates, and leadership changes impacting one of NZ's most extensive e-commerce pet inventories. Users gain timely access to filings, press releases, and operational milestones affecting IMBIL's position in competitive online retail markets.
Bookmark this page for structured updates on warehouse operations, customer service innovations, and partnership developments from a company renowned for free NZ-wide delivery above $39 orders. Regularly refreshed content supports informed analysis of IMBIL's performance in the dynamic pet supplies sector.
iMedia Brands (NASDAQ: IMBI, IMBIL) announced on April 20, 2023, the selection of Lincoln International as its investment banker to manage the refinancing of its current Asset-Based Lending (ABL) revolving credit facility. CEO Tim Peterman emphasized that Lincoln's expertise in capital structure improvement aligns with the company's goal of enhancing its balance sheet. The existing loan facility, initiated on July 30, 2021, allowed for up to $80 million, with $29 million currently outstanding. iMedia operates four television networks, including ShopHQ, and is focused on the convergence of entertainment, e-commerce, and advertising, reaching over 90 million households in the U.S.
iMedia Brands reported its Q4 and full-year 2022 results, highlighting a 1% decrease in net sales to $545 million. Q4 sales plummeted 31% year-over-year to $134 million, primarily due to liquidity challenges and content distribution disruptions. Following a $48 million sale-leaseback and a $53 million debt reduction event, total debt stands at $123 million, down 41% from the previous year. The company incurred a $24 million net loss in Q4, a significant increase from last year, leading to a total annual net loss of $70 million. Despite these challenges, the company has taken steps to improve liquidity and reduce costs, including a plan to decrease annual operating expenses by over $20 million.
iMedia Brands, Inc. (NASDAQ: IMBI, IMBIL) has rescheduled its earnings release from April 10 to April 12, 2023. CEO Tim Peterman stated the delay is due to ongoing financing transactions aimed at reducing the company's outstanding debt. The company is finalizing five simultaneous financing deals, expected to close soon, which will enhance its credit profile.
Peterman acknowledged the impact of a delayed sale-leaseback transaction on their goal to strengthen the balance sheet, while emphasizing successful integration of prior acquisitions and reduced content distribution expenses. The earnings call will occur on April 12 at 8:30 a.m. Eastern Time, preceding the release of financial results for the fourth quarter and full year ended January 28, 2023.
iMedia Brands, Inc. (NASDAQ: IMBI, IMBIL) has rescheduled its earnings release date to April 10, 2023, to focus resources on an ongoing sale-leaseback transaction. The earnings conference call will occur that day at 8:30 a.m. Eastern time, discussing financial results for Q4 and the full year ending January 28, 2023. A press release with the financial results will be issued before the call. The call will be accessible live and as a replay through the investor relations section of the iMedia Brands website.
iMedia Brands, Inc. (NASDAQ: IMBI, IMBIL) has rescheduled its earnings release to March 28, 2023, to focus on completing a sale-leaseback transaction. The company will hold a conference call at 8:30 a.m. Eastern time to discuss its financial results for the fourth quarter and full-year ended January 28, 2023. A press release detailing these results will be issued beforehand. The call will be available for replay until April 11, 2023. iMedia operates several television networks and trades on NASDAQ, with its bonds paying 8.5% interest quarterly.
iMedia Brands, Inc. (NASDAQ: IMBI, IMBIL) will host a conference call on March 22, 2023, at 8:30 a.m. ET to discuss its financial results for Q4 and the full year ended January 28, 2023. The call will precede a press release detailing these results. Investors can access the call via U.S. dial-in at 1-877-407-9039 or internationally at 1-201-689-8470. A live webcast will also be available through iMedia's investor relations website. Replays can be accessed until April 5, 2023. iMedia Brands operates four television networks and trades on NASDAQ, offering 8.5% bonds under the ticker IMBIL.
