Fly Intel: After-Hours Movers » 18:4308/0408/04/20
LPSN, BOOT, ENLC, RIGL, GRBK, LMNX, AIZ, CDK, DIS, DVN, MNST, ALL, ARPO, IMBI, NVAX, VAPO, NEWR, NKLA, CDLX, TRHC, UPWK, GLUU, BYND, MCHP, AVLR, ANET, KRMD, TWLO
Check out this evening's…
iMedia Brands to launch ShopHQHealth in 15M homes on September 1 » 18:3008/0408/04/20
iMedia Brands will launch…
iMedia Brands will launch its new health and wellness television retailing network, ShopHQHealth, on September 1, 2020 in approximately 15 million homes across over 100 markets ranging from Los Angeles to New York. iMedia Brands is launching ShopHQHealth, its second niche television network, to leverage the product strengths of its flagship network, ShopHQ. The company launched Bulldog Shopping Network last October to capitalize on its unique strength in television retailing for men and women who enjoy shopping for the men in their lives.
|Over a week ago|
iMedia Brands files $100M mixed securities shelf 17:0307/1407/14/20
|Over a month ago|
iMedia Brands price target raised to $5 from $3 at Lake Street » 08:5105/2805/28/20
Lake Street analyst Mark…
Lake Street analyst Mark Argento raised the firm's price target on iMedia Brands to $5 from $3 and keeps a Buy rating on the shares. The company reported "strong" Q1 results, Argento tells investors in a research note. iMedia is seeing an improvement in viewership trends, while gross margin improvement and reduced inventory are driving increased operating cash flow, adds the analyst. He believes "significant strategic value" exists in iMedia Brands' direct to consumer platform and that the company has positioned itself well to weather the COVID-19 storm.
iMedia Brands reports Q1 EPS (82c), consensus ($1.33) » 06:1205/2705/27/20
Reports Q1 revenue down…
Reports Q1 revenue down 27% y-o-y to $95.8M, consensus $87.7M. March 2020 total viewership was essentially flat compared to March last year, reversing a five-plus year trend of year-over-year viewership declines. CEO Tim Peterman said, "I am proud to report that in Q1 our teams performed at a high level, accelerating the restaging of this business with precedent improvements in profitability, operating cash flow and viewership."
|Over a quarter ago|
iMedia Brands price target lowered to $3 from $15 at Lake Street » 08:5104/2104/21/20
Lake Street analyst Mark…
Lake Street analyst Mark Argento lowered the firm's price target on iMedia Brands to $3 from $15 due to COVID-19's impact on consumer discretionary spending driving lower sales volumes over the near-term. While acknowledging that the balance sheet will become a bigger issue the longer it takes to return to a more normalized environment, Argento keeps a Buy rating as he still believes significant strategic value exists in iMedia Brands' direct to consumer platform.
iMedia Brands price target lowered to $4 from $10 at DA Davidson » 09:1604/1604/16/20
DA Davidson analyst Tom…
DA Davidson analyst Tom Forte lowered the firm's price target on iMedia Brands to $4 from $10 and keeps a Buy rating on the shares. The analyst cites the company's Q4 earnings miss, highlighted by a decline in customer counts and internal challenges. Forte adds however that iMedia's announced $4M capital raise should improve its ability to weather the COVID-19 driven pressure.
iMedia Brands announces $4M equity financing » 09:1604/1604/16/20
Accompanying its Q4…
Accompanying its Q4 results disclosed yesterday, iMedia Brands separately "announced that it entered into a financing agreement to sell $4 million of common stock priced at market to investors that include, among others, Invicta Media Investments, an affiliate of Eyal Lalo, the Company's Vice Chair, as well as current director Michael Friedman. Proceeds will be used for general working capital purposes. The initial closing of $1.5 million is expected to occur on April 17, 2020, with subsequent closings to follow."
iMedia Brands reports Q4 EPS ($2.30) , consensus (63c) » 06:0404/1504/15/20
Reports Q4 revenue $124M,…
Reports Q4 revenue $124M, consensus $137.4M. Half of the 22% y-o-y revenue decline was expected and attributable to the company's recent customer file decline. Three one-time events drove the additional decline: (i) scheduling conflicts in December with top two beauty brands; (ii) reduction in consumer electronic (CE) products due to the largest CE vendors requiring "cash in advance" payment terms; and (iii) reduction in watch revenues resulting from management's strategy to reverse its five-plus year customer file decline by reducing the average selling price to capture more new customers. Tim Peterman, CEO, stated, "In terms of Q4 performance, from a ShopHQ revenue perspective, it was a mixed report card. We achieved significant viewership, customer file, and product assortment successes, but we also absorbed revenue pressure from three unplanned events. With that being said, I'm proud of how our teams reacted to reduce the probability of reoccurrence. Financially, our turnaround continues. In our first nine months since May 2019 when I rejoined as CEO, we materially reduced the company's adjusted EBTIDA loss compared to the prior nine months. Strategically, Q4 is when we really began to demonstrate our plan to grow our portfolio of engaging niche television networks, niche national advertisers and complementary media services. We launched Bulldog and our membership service, ShopHQ VIP. We acquired two important new businesses that will further accelerate our evolution into a profitable, growing interactive media company."
iMedia Brands announces 'Cooking with Shaq' on ShopHQ » 08:3803/0403/04/20
iMedia Brands announced…
iMedia Brands announced the debut of its live broadcast program, "Cooking with Shaq", on ShopHQ. The program is part of iMedia's partnership with Authentic Brands Group, Shaquille O'Neal and ShopHQ, and will also include an innovative collection of kitchenware, cookware, and grill products.