Digital Brands Group Reports Fourth Quarter and Fiscal Year 2023 Financial Results
Digital Brands Group, Inc. (DBGI)
Company Research
Source: PR Newswire
Net income loss was only $0.6 million in the fourth quarter, excluding non-cash expenses AUSTIN, Texas, April 15, 2024 /PRNewswire/ -- Digital Brands Group, Inc. ("DBG") (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today reported financial results for its fourth quarter and fiscal year ended December 31, 2023. "The fourth quarter was the end of Sundry's bottom, which our first quarter results will reflect. Despite lower revenue contribution from Sundry in the fourth quarter, we almost achieved break even net income due to our cost savings (excluding non-cash expenses). Based on first quarter wholesale shipments and second quarter wholesale bookings, we are excited to see revenue growth meaningfully re-accelerate. This increase in the revenue trend will be coupled with a significantly lower operating expense structure," said Hil Davis, CEO of Digital Brands Group."We are excited to announce our first quarter earnings in May, which we believe will s
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DBGI
News
- DBGI Announces Exercise of Warrants for $3.2 Million in Gross Proceeds [Yahoo! Finance]Yahoo! Finance
- DBGI Announces Exercise of Warrants for $3.2 Million in Gross ProceedsGlobeNewswire
- 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 to Report Fourth Quarter and Fiscal Year 2023 Financial Results on Monday, April 15, 2024PR Newswire
DBGI
Sec Filings
- 5/3/24 - Form 8-K
- 5/3/24 - Form 8-K
- 4/25/24 - Form 8-K
- DBGI's page on the SEC website