Digital Brands Group Inc (DBGI) Q3 2024 Earnings Call Highlights: Strategic Partnerships and ... [Yahoo! Finance]
Digital Brands Group, Inc. (DBGI)
Company Research
Source: Yahoo! Finance
Digital Brands Group Inc ( NASDAQ:DBGI ) has partnered with Intercommerce, resulting in a 34% increase in daily digital revenues and a 7% increase in average order volume. The company plans to launch several growth initiatives, including selling on platforms like Amazon and TikTok, and launching influencer campaigns. DBGI expects a $4.5 million increase in earnings in 2025 due to amortized non-cash expenses and interest expense reductions. The company has successfully reduced its G&A expenses by $1.3 million year-over-year, indicating effective cost management. DBGI has eliminated convertible debt from its balance sheet, leaving only long-term, patient debt, which reduces financial pressure. Net revenues for the third quarter were $2.4 million, down from $3.3 million a year ago, partly due to walking away from a major wholesale account. Gross profit margins declined to 46% from 52.3% a year ago, impacted by fixed costs and lower digital revenue. The company experienced
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DBGI
News
- DBG Partners with LTK, a Large Influencer Platform, Receiving Strong Interest from Influencers With First Influencer Videos Launching Next Week [Yahoo! Finance]Yahoo! Finance
- DBG Partners with LTK, a Large Influencer Platform, Receiving Strong Interest from Influencers With First Influencer Videos Launching Next WeekGlobeNewswire
- Digital Brands Group GAAP EPS of -$1.63, revenue of $2.4M [Seeking Alpha]Seeking Alpha
- Digital Brands Group Reports Third Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Digital Brands Group Reports Third Quarter 2024 Financial ResultsGlobeNewswire
DBGI
Sec Filings
- 11/20/24 - Form 8-K
- 11/15/24 - Form 10-Q/A
- 11/14/24 - Form 8-K
- DBGI's page on the SEC website