IMBI - iMedia expects Q4 and FY21 sales to be above the consensus

iMedia Brands (NASDAQ:IMBI) expects Q4 consolidated net sales are expected to be at least $190M (consensus of $176.60M) increase of at least $65M from Q420. FY21 net sales are expected to be $547M (consensus of $533.92M), +20% Y/Y. Q4 net loss is expected to be ~$5M or $(0.23) per common share, compared to the Q420 net loss of $2.7M or $(0.21) per common share. FY21 expected net loss is expected to be ~$22M or $(1.15) per common share, compared to a net loss of $13.2Mor $(1.23) per common share in FY20. Q4 adjusted EBITDA is expected to be at least $14.6M, which is a $6.2M improvement Q420. FY21 adjusted EBITDA is expected to be at least $41.1M, compared to $23.9 million adjusted EBITDA for FY20. For  FY22, the company anticipate reporting revenue of approximately $675 to $725M (consensus of $693.63M), adjusted EBITDA of ~ $50 to $60M and reporting positive quarterly

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iMedia expects Q4 and FY21 sales to be above the consensus