Former iMedia Brands reports $105.18 million net loss for September

By Sarah Lizee

Olympia, Wash., Nov. 2 – Legacy IMBDS, Inc., formerly known as iMedia Brands, Inc., reported a $105.18 million net loss on zero net sales for September, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.

The company listed $15.89 million in cash and cash equivalents at the end of September.

iMedia’s debt totaled $1.71 billion and its assets totaled $47.76 million at the end of the month.

iMedia Brands is an interactive media company based in Eden Prairie, Minn. The company filed bankruptcy on June 28 under Chapter 11 case number 23-10852.

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