Digital Brands Group Reports Second Quarter 2024 Financial Results
Digital Brands Group, Inc. (DBGI)
Company Research
Source: GlobeNewswire
Austin, TX, Aug. 19, 2024 (GLOBE NEWSWIRE) -- 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, 2024. “The company paid off over $5.0 million in debt and other liabilities during the first half of this year. The Company also lowered its G&A expenses by $4.5 million during the same period. Based on conversations with strategic partners, we believe cleaning up the balance sheet creates more interest, especially coupled with significantly lower operating expenses,” said Hil Davis, CEO of Digital Brands Group. Davis continued, “We believe the softer consumer environment will improve. At that time, we believe the Company will be in a much better position to leverage any growth spend, especially given the lower operating expenses and significantly lower interest expense. To that point, we have recently turned back on digital advertis
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DBGI
News
- DBG Announces Launch of AVO, A New Direct-To-Consumer Brand, After Successful Beta TestGlobeNewswire
- Digital Brands Group, Inc. (DBGI) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Digital Brands Group GAAP EPS of -$2.08, revenue of $3.4M [Seeking Alpha]Seeking Alpha
- Digital Brands Group to Report Second Quarter 2024 Financial Results on Monday, August 19, 2024 [Yahoo! Finance]Yahoo! Finance
- Digital Brands Group to Report Second Quarter 2024 Financial Results on Monday, August 19, 2024GlobeNewswire
DBGI
Sec Filings
- 9/11/24 - Form S-1
- 9/4/24 - Form 424B3
- 9/4/24 - Form 8-K
- DBGI's page on the SEC website