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.

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Digital Brands Group Inc reports improved margins and strategic growth plans

Digital Brands Group Inc's Q1 2024 performance showcased improved gross margin profitability and effective cost management, despite revenue challenges from shipment delays.
The company's strategic focus on operational enhancements, expansion plans, and shareholder value optimization positions it for future growth and profitability.
While facing short-term revenue constraints and operational challenges, Digital Brands Group Inc remains optimistic about achieving positive net operating income and navigating market dynamics.

Digital Brands Group Inc reports revenue growth and cost efficiencies

DBGI's Q3 performance focused on revenue growth and cost management, with strategic partnerships driving improvements in digital revenues and operational efficiency.
While facing challenges in gross margins and net loss, the company's strengths lie in reducing expenses, clearing debt, and positioning for future growth opportunities.
Opportunities in expanding marketing channels and leveraging partnerships underscore DBGI's potential for sustained growth and profitability in the coming quarters.

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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.

Very few stocks get a chance to rise by triple-digit percentages. So, a sleepy name like Digital Brands Group Inc. (NASDAQ:DBGI) making a 140% gain will attract attention.

Red-hot stock: Why did Digital Brands (DBGI) rise by 140%?

It's a new day in the stock market, and that means it's a new opportunity to take a look at some high-flying stocks. One of today's leading names is Digital Brands (NASDAQ: DBGI ), a micro-cap company that has rocketed higher in today's session.

Why Is Digital Brands (DBGI) Stock Up 150% Today?

AUSTIN, Texas , Feb. 13, 2024 /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 is re-affirming its fiscal year 2024 forecast of $27 million to $30 million in revenue, $6 million to $7 million in internal free cash flow and $1.5 million to $2.0 million in ebitda. Additionally, the Company commits to no equity offerings for 2024.

DBGI Reaffirms its 2024 Guidance and Commits to No Equity Offerings for 2024

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DBG forecasts over $1.5 million per store or $75 million annually in revenues over entire store fleet AUSTIN, Texas , Jan. 18, 2024 /PRNewswire/ -- Digital Brands Group, Inc. ("DBG") (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today announces that it plans to open 50 retail stores over the next several years, which will be funded by its internal free cash flow. DBG has been reviewing store locations and leases with several large-scale retail developers.

DBG Plans to Open 50 Retail Stores Over Next Several Years Funded By Internal Free Cash Flow

DBG forecasts the store to generate over $1.5 million in annual revenue and $500,000 in annual cash flow AUSTIN, Texas , Jan. 16, 2024 /PRNewswire/ -- Digital Brands Group, Inc. ("DBG") (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today announces that is has signed a Letter of Intent to open its first retail store in March. The Company forecasts the store to generate over $1.5 million in annual revenue and over $500,000 in annual cash flow based on the historical metrics and performance of this store, and excess Sundry inventory prior to the acquisition.

Digital Brands Group Signs Letter of Intent to Open First Retail Store in March

AUSTIN, Texas , Jan. 3, 2024 /PRNewswire/ -- Digital Brands Group, Inc. ("DBG")  (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first 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.

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

AUSTIN, Texas , Dec. 4, 2023 /PRNewswire/ -- Digital Brands Group, Inc. ("DBG")  (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today announced that all of the the remaining pre-funded warrants related to our August 2023 financing have been converted into common shares and exercised. As noted in the Company's most recent 10-Q, the total common shares outstanding are 857,859, which includes all of the pre-funded warrants.

Digital Brands Group Announces Conversion of All Remaining Pre-Funded Warrants, Removing Overhang of Shares

Digital Brands Group, Inc. (NASDAQ:DBGI ) Q3 2023 Results Conference Call November 14, 2023 5:30 PM ET Company Participants John McNamara - IR Hil Davis - CEO Operator Thank you for standing by, and welcome to the Digital Brands Group, Inc. Q3 2023 Earnings Call. I would now like to welcome John McNamara, Investor Relations to begin the call.

Digital Brands Group, Inc. (DBGI) Q3 2023 Earnings Call Transcript

In October, the Company began generating internal free cash flow First quarter 2024 wholesale bookings are $4.5 million, which does not include e-commerce revenue, wholesale re-orders and licensing income AUSTIN, Texas , Nov. 14, 2023 /PRNewswire/ -- Digital Brands Group, Inc. ("DBG")  (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today reported financial results for its third quarter ended September 30, 2023.  "We are pleased to have turned Sundry around.

Digital Brands Group Reports Third Quarter 2023 Financial Results

AUSTIN, Texas , Nov. 10, 2023 /PRNewswire/ -- Digital Brands Group, Inc. ("we", "us", "DBG" or the "Company") (NASDAQ: DBGI), today announced that the Company's 2023 Annual Meeting of Shareholders ("Annual Meeting") will be held virtually on Friday, December 22, 2023, at 9:30 a.m. ET. The agenda of the Annual Meeting includes proposals to: elect five directors, approve an amendment to the Company's 2020 Omnibus Incentive Stock Plan (the "2020 Plan") to increase the aggregate number of shares of Common Stock authorized for issuance under the 2020 Plan, approve a CEO performance stock award agreement in compliance with Nasdaq rules and to ratify the Company's appointment of Macias Gini & O'Connell LLP as the Company's independent registered public accounting firm for the year ended December 31, 2023.

DIGITAL BRANDS GROUP INC. ANNOUNCES DATE FOR 2023 ANNUAL MEETING OF SHAREHOLDERS

AUSTIN, Texas , Nov. 10, 2023 /PRNewswire/ -- Digital Brands Group, Inc. ("DBG") (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, will report financial results for the third quarter ended September 30, 2023 on Tuesday, November 14, 2023 at 4:30 p.m. ET. Management will host a conference call on Tuesday, November 14 at 5:30 p.m.

Digital Brands Group to Report Third Quarter 2023 Financial Results on Tuesday, November 14, 2023

AUSTIN, Texas , Nov. 6, 2023 /PRNewswire/ -- Digital Brands Group, Inc. ("DBG")  (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today announced the Board of Directors has unanimously decided to initiate a formal review to explore strategic alternatives for the Company. The comprehensive review will begin immediately and will evaluate a broad range of options to maximize shareholder value.

Digital Brands Group Announces Review of Strategic Alternatives

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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.

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