BRIEF-Imedia Brands Notifies It Is Unable To File Annual Report On Form 10-K By Prescribed Due Date

Reuters2023-05-02

* IMEDIA BRANDS-ON APRIL 28 FILED FORM 12B-25 NOTIFYING IT IS UNABLE TO FILE ANNUAL REPORT ON FORM 10-K FOR YEAR ENDED JAN 28, 2023 BY PRESCRIBED DUE DATE

* IMEDIA BRANDS - ANTICIPATES QTRLY STATEMENT WILL REFLECT NET SALES OF ABOUT $133.5 MILLION, COMPARED WITH $193.8 MILLION FOR COMPARABLE PRIOR YEAR PERIOD

* IMEDIA BRANDS INC - RESULTS TO INCLUDE ESTIMATED $38.5 MILLION OF GOODWILL IMPAIRMENT THAT CO EXPECTS TO RECOGNIZE IN Q4

* IMEDIA BRANDS INC - HAS DETERMINED THERE IS SUBSTANTIAL DOUBT ABOUT ITS ABILITY TO CONTINUE AS A GOING CONCERN

Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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