Digital Brands Group Forecasts $27M to $30M in Revenue, $6M to $7M in Internal Free Cash Flow and $1.5M to $2.0M in EBITDA for 2024 [Yahoo! Finance]
Digital Brands Group, Inc. (DBGI)
Company Research
Source: Yahoo! Finance
brands, today announces its initial 2024 revenue guidance of $27 million to $30 million , an increase of 70% to 90% from 2023 revenue expectations. As we stated on our most recent quarterly call, we expect our first quarter 2024 revenues to approximate $6 million , based on $4.5 million in confirmed wholesale bookings. The Company forecasts EBITDA of $1.5 million to $2.0 million for 2024, as it leverages its shared services platform and increased wholesale bookings. Additionally, the Company forecasts $6.0 million to $7.0 million in internal free cash flow for 2024. "We are excited to showcase our commitment to shareholder growth in 2024. As part of this commitment, we continue to review strategic alternatives, especially given our assets and operating forecast relative to our public market value. We have several options to maximize shareholder value, which we will pursue if this dislocation remains," said Hil Davis , Chief Executive Officer of Digital Brands Group. Forward-look
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News
- Digital Brands Group, Inc. (NASDAQ:DBGI) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Digital Brands Group Reports Fourth Quarter and Fiscal Year 2023 Financial Results [Yahoo! Finance]Yahoo! Finance
- Digital Brands Group Reports Fourth Quarter and Fiscal Year 2023 Financial ResultsPR Newswire
- Digital Brands Group to Report Fourth Quarter and Fiscal Year 2023 Financial Results on Monday, April 15, 2024PR Newswire
- Digital Brands Group To Open First Retail Store in First Half of April in Dallas, Texas [Yahoo! Finance]Yahoo! Finance
DBGI
Sec Filings
- 4/25/24 - Form 8-K
- 4/15/24 - Form 10-K
- 4/12/24 - Form 424B5
- DBGI's page on the SEC website