iMedia Brands Inc IMBI:NASDAQ

Last Price$5.26NASDAQ Previous Close - Last Trade as of 4:00PM ET 1/21/22

Today's Change-0.31(5.57%)
Bid (Size)$5.22 (12)
Ask (Size)$5.28 (3)
Day Low / High$5.22 - 5.67
Volume117.3 K

iMedia Brands Net Loss Widens in Fiscal Q3 While Sales Jump; Raises Fiscal 2022 Revenue Guidance

6:39AM ET 11/17/2021 MT Newswires
iMedia Brands (IMBI) reported a fiscal Q3 net loss of $0.44 per share, wider than a loss of $0.39 per share a year ago.

Four analysts polled by Capital IQ expected a GAAP loss of $0.48 per share.

Sales rose 20% year over year to $130.7 million, according to an earnings statement early Wednesday for the quarter ended Oct. 30. Four analysts surveyed by Capital IQ expected revenue of $127.3 million.

In fiscal Q4, the company anticipates net sales of between $175 million and $180 million, compared with a market projection compiled by Capital IQ of $167 million.

For the full-year fiscal 2022, it sees revenue in the range of $675 million to $725 million. In its Q2 results Aug. 24, the company had guided to full-year net sales of $502 million, which was a $12 million increase over management's guidance set out in Q1. Four analysts surveyed by Capital IQ expected fiscal 2022 revenue to be $520.9 million.

It also anticipates reporting positive quarterly EPS beginning in the back half of 2022.