iMedia Brands Inc IMBI:NASDAQ

Last Price$1.21NASDAQ Closing Price as of 4:00PM ET 6/30/22

Today's Change+0.17(16.35%)
Bid (Size)$1.19 (2)
Ask (Size)$1.22 (1)
Day Low / High$1.01 - 1.22
Volume250.6 K

iMedia Brands Expects Q4 Loss to Widen; Revenue Seen Above Consensus

6:10AM ET 2/07/2022 MT Newswires
iMedia Brands (IMBI) said Monday it expects to report a Q4 net loss of about $0.23 per share, compared with a $0.21 loss a year ago.

Analysts polled by Capital IQ expect a normalized loss of $0.22 per share.

Net sales are anticipated to be at least $190 million, compared with the Street's view for $176.6 million.

The company continues to expect full-year 2022 revenue of roughly $675 to $725 million and report positive quarterly earnings per share beginning in the back half of the year. Analysts expect a 2022 loss of $1.17 and revenue of $533.9 million.