Digital Brands Group Inc

Digital Brands Group, Inc. engages in the manufacture and sale of apparel. It operates through the following segments: DSTLD, Bailey, Harper & Jones, and Stateside. The DSTLD segment offers stylish high-quality garments without the luxury retail markup valuing customer experience over label. The Bailey segment combines beautiful, luxe fabrics, and on-trend designs to create sophisticated ready-to-wear capsules for women on-the-go. The Harper & Jones segment provides hand- crafted custom fit suits. The Stateside segment includes classic t-shirt offering. The company was founded by Corey Epstein, Mark T. Lynn, and Kevin Morris on September 17, 2012 and is headquartered in Austin, TX.

Earnings data Q3 2023

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Digital Brands Group, Inc. engages in the manufacture and sale of apparel. Its portfolio brands include Bailey 44, DSTLD, Harper and Jones, Stateside, and Sundry. The company was founded by Corey Epstein, Mark T. Lynn, and Kevin Morris on September 17, 2012 and is headquartered in Austin, TX.

Digital Brands (NASDAQ: DBGI ) stock is dropping on Wednesday after the women's apparel company announced a Securities Purchase Agreement. According to a filing with the Securities and Exchange Commission (SEC), the company has entered into this agreement with a certain accredited investor.

Why Is Digital Brands (DBGI) Stock Down 15% Today?

AUSTIN, Texas , Sept. 5, 2023 /PRNewswire/ -- Digital Brands Group, Inc. ("DBG" or the "Company") (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today announced that it has closed its previously announced offering for the issuance and sale of 513,875 shares of common stock (or pre-funded warrants in lieu thereof) together with accompanying common stock warrants at an offering price of $9.73 per share (or pre-funded warrant) and accompanying warrants, in a private placement priced at-the-market under Nasdaq rules.

DBG Announces Closing of $5.0 Million Private Placement Priced At-The-Market under Nasdaq Rules

AUSTIN, Texas , Aug. 31, 2023 /PRNewswire/ -- Digital Brands Group, Inc. ("DBG" or the "Company") (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today announced that it has entered into definitive agreements for the issuance and sale of 513,875 shares of common stock (or pre-funded warrants in lieu thereof) together with accompanying common stock warrants at an offering price of $9.73 per share (or pre-funded warrant) and accompanying warrants, in a private placement priced at-the-market under Nasdaq rules. Each share of common stock (or common stock equivalent) is being offered in the offering together with a Series A warrant to purchase one share of common stock at an exercise price of $9.43 per share and a Series B warrant to purchase one share of common stock at an exercise price of $9.43 per share.

DBG Announces $5.0 Million Private Placement Priced At-The-Market under Nasdaq Rules

Digital Brands (NASDAQ: DBGI ) stock is climbing higher on Wednesday despite a lack of news from the women's apparel company. Investors will note that the company hasn't put out any press releases on Wednesday.

Why Is Digital Brands Group (DBGI) Stock Up 55% Today?

Shares of fashion-oriented e-commerce firm Digital Brands (NASDAQ: DBGI ) surged initially higher on Wednesday before becoming choppy. At the start of the business week, management announced a 1-for-25 reverse stock split to become effective on Aug. 22 at 12:01 a.m.

DBGI Stock Alert: Digital Brands in Focus Following Reverse Split

AUSTIN, Texas , Aug. 21, 2023 /PRNewswire/ -- Digital Brands Group, Inc. ("we", "us", "DBG" or the "Company") (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, announced today that it will effect a 1-for-25 reverse stock split ("Reverse Stock Split") of its common stock, par value $0.0001 per share ("Common Stock"), that will become effective on August 22, 2023, at 12:01 a.m., Eastern Time, pursuant to the vote of its shareholders on August 21, 2023.

DBGI Announces 1-for-25 Reverse Stock Split Effective August 22, 2023

Digital Brands Group, Inc. (NASDAQ:DBGI ) Q2 2023 Results Conference Call August 17, 2023 10:30 AM ET Company Participants John McNamara - IR Hil Davis - CEO Operator Greetings, and welcome to Digital Brand Group Second Quarter 2023 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

Digital Brands Group, Inc. (DBGI) Q2 2023 Earnings Call Transcript

Net Earnings of $5.0 million or $0.38 per diluted share Revenues increased 69.6% to $4.5 million, which excludes the revenue from the Harper & Jones spin out AUSTIN, Texas , Aug. 17, 2023 /PRNewswire/ -- Digital Brands Group, Inc. ("DBG")  (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today reported financial results for its second quarter ended June 30, 2023.  "We are pleased to see the significant revenue growth and operating leverage since the acquisition of Sundry.

Digital Brands Group Reports Second Quarter 2023 Financial Results

AUSTIN, Texas , Aug. 15, 2023 /PRNewswire/ -- Digital Brands Group, Inc. ("DBG")  (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, will report financial results for the second quarter ended June 30, 2023 on Thursday, August 17, 2023 at 9:30 a.m. ET. Management will host a conference call on Thursday, August 17 at 10:30 a.m.

Digital Brands Group to Report Second Quarter 2023 Financial Results on Thursday, August 17, 2023

Revenues increased 48.4% to $5.1 million Gross margin increased 113.9% to $2.4 million AUSTIN, Texas , May 22, 2023 /PRNewswire/ -- Digital Brands Group, Inc. ("DBG")  (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today reported financial results for its first quarter ended March 31, 2023.  "We are pleased to see the significant operating leverage we experienced with the acquisition of Sundry, and still expect to achieve positive EBITDA this fall even in a challenging macro environment" said Hil Davis, CEO of Digital Brands Group.

Digital Brands Group Reports First Quarter 2023 Financial Results

Digital Brands Group, Inc. (NASDAQ:DBGI ) Q1 2023 Earnings Conference Call May 22, 2023 10:00 AM ET Company Participants John McNamara - IR Hil Davis - CEO Operator Hello, and welcome to the Digital Brands Group, Inc. Q1 2023 Earnings Conference Call and Webcast. [Operator Instructions] As a reminder, this conference is being recorded.

Digital Brands Group, Inc. (DBGI) Q1 2023 Earnings Call Transcript

AUSTIN, Texas , May 19, 2023 /PRNewswire/ -- Digital Brands Group, Inc. ("DBG")  (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, will report financial results for the first quarter ended March 31, 2023 on Monday, May 22, 2023 at 9:30 a.m. ET. Management will host a conference call on Monday, May 22 at 10:00 a.m.

Digital Brands Group to Report First Quarter 2023 Financial Results on Monday, May 22, 2023

AUSTIN, Texas , May 4, 2023 /PRNewswire/ -- Digital Brands Group, Inc. ("DBGI")  (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today announced that it expects first quarter fiscal 2023 revenues to be approximately $5.0 million, an increase of 46.5%. Hil Davis, Chief Executive Officer of Digital Brands Group, stated that "Our 2023 first quarter reflected the strategic decision to lower advertising spend as we onboarded a performance marketing agency, which resulted in two months of significantly lower e-commerce revenues.

DBGI Announces an Increase of 46.5% for Preliminary Revenue Results for First Quarter Fiscal 2023

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Digital Brands Group, Inc. (DBGI) Q4 2022 Earnings Call Transcript

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 2022 fiscal year ended December 31, 2022.

Digital Brands Group Reports Fourth Quarter and Fiscal Year 2022 Financial Results

AUSTIN, Texas , April 14, 2023 /PRNewswire/ -- Digital Brands Group, Inc. ("DBG") (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, will report financial results for the fourth quarter and fiscal year ended December 31, 2022 on Monday, April 17, 2023 at 4:00 p.m. ET.

Digital Brands Group to Report Fourth Quarter and Fiscal Year 2022 Financial Results on Monday, April 17, 2023

AUSTIN, Texas , March 2, 2023 /PRNewswire/ -- Digital Brands Group, Inc. ("we", "us", "DBG"or the "Company")  (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, announced today that it will host a conference call on Tuesday, March 7 at 10:00 a.m. ET to discuss the State of the Union post our Sundry Acquisition.

DBGI Announces State of the Union Investor Call Post The Sundry Acquisition

AUSTIN, Texas , Jan. 19, 2023 /PRNewswire/ -- Digital Brands Group, Inc. ("DBG")  (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today announces that on January 17, 2023, the Nasdaq Hearings Panel (the "Panel") formally notified the Company that it has evidenced compliance with all applicable requirements for continued listing on The Nasdaq Capital Market, including the minimum stockholders' equity requirement. The Company will remain subject to a 12-month monitoring period however, as described in Nasdaq Listing Rule 5815(d)(4)(A) (the "Panel Monitor").

DBG Compliant with Nasdaq Listing Requirements

AUSTIN, Texas , Jan. 11, 2023 /PRNewswire/ -- Digital Brands Group, Inc. ("DBG") (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today announces its initial 2023 revenue guidance of $45.0 million to $50.0 million and $2.0 million to $3.0 million in EBITDA due to shared services operating leverage. "Our 2023 revenue guidance includes the addition of Sundry to our brand portfolio with minimal benefit from cross merchandising and the addition of Sundry to our multi-brand website, the Bailey Shop.

DBG Announces $45.0M to $50.0M for 2023 Revenue Guidance and $2.0M to $3.0M in EBITDA

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AUSTIN, Texas, Dec. 30, 2022 /PRNewswire/ -- Digital Brands Group, Inc. ("we", "us", "DBG"or the "Company")  (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today announces that it has completed its previously announced acquisition of Sundry.  As a result of the transaction, Sundry has become a wholly owned subsidiary of DBG.

DBGI Completes Acquisition of Sundry

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AUSTIN, Texas , Dec. 16, 2022 /PRNewswire/ -- Digital Brands Group, Inc. ("we", "us", "DBG"or the "Company")  (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today announces that it has signed and secured the debt documents that will provide the remaining $2.5 million in funding for the Sunnyside, LLC ("Sundry") acquisition.  The debt provider set Friday, December 23 rd as the funding and closing date for the Sundry acquisition.

DBGI Signs and Secures Debt for Sundry; Debt Provider Sets Closing Date for December 23rd

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News for Digital Brands Group Inc Stock (DBGI)