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IMBI iMedia Brands

iMedia Brands, Inc. is a leading interactive media company that owns a growing portfolio of lifestyle television networks, consumer brands and media commerce services. Its brand portfolio spans multiple business models and product categories. Its television brands are ShopHQ, ShopBulldogTV, ShopHQHealth and LaVenta. Its media commerce services brands are Float Left Interactive and i3PL. Its consumer brands include J.W. Hulme, Live Fit and Indigo Thread.

Company profile

Ticker
IMBI
Exchange
CEO
Timothy Peterman
Employees
Incorporated
Location
Fiscal year end
Former names
EVINE Live Inc., VALUEVISION INTERNATIONAL INC, VALUEVISION MEDIA INC
SEC CIK
IRS number
411673770

IMBI stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

9 Jun 21
24 Jun 21
29 Jan 22
Quarter (USD)
May 21 Jan 21 Oct 20 Jul 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Jan 21 Jan 20 Feb 19 Feb 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 14.95M 14.95M 14.95M 14.95M 14.95M 14.95M
Cash burn (monthly) 179.67K 104.92K 683.67K 363K 5.07M 2.12M
Cash used (since last report) 321.15K 187.54K 1.22M 648.86K 9.07M 3.78M
Cash remaining 14.62M 14.76M 13.72M 14.3M 5.88M 11.16M
Runway (months of cash) 81.4 140.7 20.1 39.4 1.2 5.3

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
16 Jun 21 Reitkopf Aaron Common Stock Grant Aquire A No No 0 8,145 0 25,955
16 Jun 21 Darryl C. Porter Common Stock Grant Aquire A No No 0 8,145 0 11,827
16 Jun 21 Hobbs Landel C Common Stock Grant Aquire A No No 0 8,145 0 65,177
16 Jun 21 Letizio Lisa Common Stock Grant Aquire A No No 0 8,145 0 48,878
16 Jun 21 Krueger Jill M Common Stock Grant Aquire A No No 0 8,145 0 23,327

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 0 0
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 0 0
Total shares 0 0
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Largest transactions
Shares Bought/sold Change

Financial report summary

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Risks
  • We have a history of losses and a high fixed cost operating base and may not be able to achieve or maintain profitable operations in the future.
  • We have had a historic trend of operating losses, which, if not reversed, could reduce our operating cash resources to the point where we will not have sufficient liquidity to meet the ongoing cash commitments and obligations to continue operating our business.
  • Covenants in our debt agreements restrict our business in many ways.
  • Our business, financial condition and results of operations are negatively influenced by economic conditions that impact consumer spending. If macroeconomic conditions do not continue to improve or if conditions worsen, our business could be adversely affected.
  • Our results of operations may be adversely impacted by the ongoing COVID-19 pandemic, and the duration and extent to which it will impact our results of operations remains uncertain. Our operations may also be limited or impacted by government monitoring and/or regulation of product sales in connection with the COVID-19 pandemic.
  • We are subject to work from home orders and other operations restrictions that could limit our ability to operate our business.
  • Our long-term success depends, in large part, on our continued ability to attract new and retain existing customers in a cost-effective manner.
  • Our inability to recruit and retain key employees may adversely impact our ability to sustain growth.
  • Our ValuePay installment payment program could lead to significant unplanned credit losses if our credit loss rate materially deteriorates.
  • We rely on a limited number of independent shipping companies to deliver our merchandise. If our independent shipping companies fail to deliver our merchandise in a timely and accurate manner, our reputation and brand may be damaged. If relationships with our independent shipping companies are terminated, we may experience an increase in delivery costs.
  • The seasonality of our business places increased strain on our operations.
  • Any acquisition we make could adversely impact the Company’s performance.
  • We depend on relationships with numerous manufacturers and suppliers for our products and proprietary brands; a decrease in product quality or an increase in product cost, the unanticipated loss of our larger suppliers, or the lack of customer receptivity or brand acceptance to our proprietary brands could impact our sales.
  • If we do not manage our inventory effectively, our sales, gross profit and profitability could be adversely affected.
  • We may be subject to product liability claims if people or properties are harmed by products sold or developed by us, or we may be subject to voluntary or involuntary product recalls, or subject to liability for on-air statements made by our hosts or guest-hosts.
  • Our stock price has experienced a significant decline, which could further adversely affect our ability to raise additional capital and/or cause us to be subject to securities class action litigation.
  • There can be no assurance that we will be able to comply with the continued listing standards of The Nasdaq Capital Market and we could be delisted.
  • Our business could be negatively affected as a result of the actions of activist or hostile shareholders.
  • It may be difficult for a third party to acquire us, even if doing so may be beneficial to our shareholders.
  • Changes in technology and in consumer viewing patterns may negatively impact our video content viewing and could result in a decrease in revenue.
  • The failure to secure suitable placement for our television programming could adversely affect our ability to attract and retain television viewers and could result in a decrease in revenue.
  • We may not be able to expand or could lose some of our existing programming distribution if we cannot negotiate profitable distribution agreements.
  • Competition in the general merchandise retailing industry and particularly the live television shopping and e-commerce sectors could limit our growth and reduce our profitability.
  • We may not be able to maintain our satellite services in certain situations beyond our control, which may cause our programming to go off the air for a period of time and cause us to incur substantial additional costs.
  • A natural disaster or significant weather event could seriously impact our ability to operate, including our ability to broadcast, operate websites, process and fulfill transactions, respond to customer inquiries and generally maintain cost-efficient operations.
  • A natural disaster or significant weather event could materially interfere with our customers’ ability to receive our broadcast or reach us to purchase our products and services.
  • The Southwest Light Rail Transit construction project adjacent to our headquarters and primary television broadcasting studios could impact our ability to operate, by disrupting our ability to broadcast our live television programing and could result in a material adverse effect on our operations, net sales and financial performance.
  • Trade policies, tariffs, tax or other government regulations that increase the effective price of products manufactured in China or other countries and imported into the United States could have a material adverse effect on our business.
  • Failure to comply with existing laws, rules and regulations applicable to our company, or to obtain and maintain required licenses and rights, could subject us to additional liabilities.
  • We may be subject to claims by consumers and state and federal authorities for security breaches involving customer information, which could materially harm our reputation and business or add significant administrative and compliance cost to our operations.
  • Nearly all of our sales are paid for by customers using credit or debit cards and the increasingly heightened Payment Card Industry ("PCI") standards regarding the storage and security of customer information could potentially impact our ability to accept card brands.
  • We will be required to collect and remit sales taxes in more states and we may be subject to claims for potential uncollected amounts.
  • We significantly rely on technology and information management tools and operational applications to run our existing businesses, the failure of which could adversely impact our operations.
  • We may fail to adequately protect our intellectual property rights or may be accused of infringing upon the intellectual property rights of third parties.
  • Market Information for Common Stock
  • Issuer Purchases of Equity Securities
  • Sale of Unregistered Securities
Management Discussion
  • Consolidated net sales for our fiscal 2021 first quarter were $113.2 million compared to $95.8 million for our fiscal 2020 first quarter, which represents a 18.1% increase. We reported an operating loss of $2.1 million and a net loss of $3.4 million for our fiscal 2021 first quarter. We reported an operating loss of $5.6 million and a net loss of $6.8 million for our fiscal 2020 first quarter. The operating and net loss for the fiscal 2020 first quarter included restructuring costs of $209,000 and transaction, settlement and integration costs, net, totaling $259,000.
Content analysis
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