Digital Brands Group Reports Third Quarter 2024 Financial Results
Digital Brands Group, Inc. (DBGI)
Company Research
Source: GlobeNewswire
Austin, TX, Nov. 14, 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 third quarter ended September 30, 2024. “Our third quarter was the last quarter we significantly focused on paying down debt and liabilities given the soft macro economy and the overhang of the election. Starting in October this year, we transitioned from cleaning up the balance sheet to focusing on increasing top line growth. As we stated in our press release yesterday, we partnered with VAYNERCOMMERCE to drive digital revenue, which we announced is already working”. “This was the first step in a multi-step growth strategy, coupled with the launch of AVO. New initiatives include investing in other digital channels and platforms, content creation, influencer partnerships, and monthly limited-edition capsules of online only products with special pricing, fabrics and designs. ”
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DBGI
News
- DBG Provides Shareholder UpdateGlobeNewswire
- DBG Announces First 45 Day Results with VAYNERCOMMERCE resulting in a 224% increase in digital revenueGlobeNewswire
- Digital Brands Announces 1-for-50 Reverse Stock Split [Yahoo! Finance]Yahoo! Finance
- Digital Brands Announces 1-for-50 Reverse Stock SplitGlobeNewswire
- DBG Partners with VAYNERCOMMERCE to Launch AVO on Tik Tok Shop & Tik Tok Live [Yahoo! Finance]Yahoo! Finance
DBGI
Sec Filings
- 12/17/24 - Form 8-K
- 12/16/24 - Form 8-K
- 12/13/24 - Form 8-K
- DBGI's page on the SEC website