iMedia Brands Affirms FY22 Outlook

  • iMedia Brands Inc IMBI reported preliminary first-quarter FY22 sales of $154 million - $157 million, a 35% - 38% increase year-over-year, in line with the approximate $156 million estimate it provided on March 22, 2022.
  • It sees Q1 adjusted EBITDA of $8.5 million - $9.5 million, a 10% - 11% growth Y/Y, versus the previously estimated $9 million.
  • Outlook: iMedia reconfirmed full-year guidance. It expects FY22 sales of $675 million - $725 million, versus the consensus of $691 million.
  • It sees FY22 adjusted EBITDA of $50 million - $60 million. It anticipates reporting positive quarterly EPS beginning in the back half of the year.
  • iMedia will report its Q1 financial earnings on May 24, 2022.
  • Price Action: IMBI shares closed lower by 2.55% at $2.29 on Friday.

Posted In: BriefsEarningsNewsPenny StocksGuidance

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.