IMBI - iMedia Brands GAAP EPS of -$0.55 misses by $0.06 revenue of $155M in-line

iMedia Brands press release (NASDAQ:IMBI): Q1 GAAP EPS of -$0.55 misses by $0.06. Revenue of $155M (+36.9% Y/Y) in-line. Adjusted EBITDA was $9.2 million, a 13% increase over the prior-year period. Outlook: For the second quarter of our fiscal year ending January 29, 2023 (“Fiscal 2022”), we anticipate reporting net sales of approximately $158 million vs consensus of $156.28M, which is approximately 40% growth over the same prior year period. We anticipate reporting adjusted EBITDA of approximately $10 million, which is approximately a 11% increase over the same prior year period. For Fiscal 2022, we reiterate our previously provided guidance. We anticipate reporting revenue of approximately $675 to $725 million vs consensus of $691.41M, adjusted EBITDA of approximately $50 to $60 million and we anticipate reporting positive quarterly earnings per share beginning in the back half of Fiscal 2022, specifically in the fourth quarter.

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iMedia Brands GAAP EPS of -$0.55 misses by $0.06, revenue of $155M in-line