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Digital Brands Group Inc - DBGI STOCK NEWS

Welcome to our dedicated news page for Digital Brands Group (Ticker: DBGI), a resource for investors and traders seeking the latest updates and insights on Digital Brands Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Digital Brands Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Digital Brands Group's position in the market.

Rhea-AI Summary
Digital Brands Group, Inc. (NASDAQ: DBGI) will release its Q3 2023 financial results on November 14, 2023, followed by a conference call to discuss the outcomes. The company's management will host the call, which can be accessed via phone or webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.29%
Tags
conferences earnings
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Rhea-AI Summary
Digital Brands Group, Inc. (NASDAQ: DBGI) has announced a formal review to explore strategic alternatives for the company. The review will evaluate options to maximize shareholder value due to the dislocation between the company's public market value and the intrinsic value of its assets. The company has not set a deadline or definitive timetable for the completion of this process.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.38%
Tags
none
-
Rhea-AI Summary
DBG closes private placement offering, raising $5.0 million in gross proceeds
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-20.95%
Tags
none
Rhea-AI Summary
Digital Brands Group, Inc. announces private placement offering of 513,875 shares of common stock at $9.73 per share, expected to generate approximately $5.0 million in gross proceeds.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.87%
Tags
none
-
Rhea-AI Summary
Digital Brands Group, Inc. will undergo a 1-for-25 reverse stock split of its common stock, effective on August 22, 2023. The stock will continue trading on Nasdaq under the symbol 'DBGI' on a split-adjusted basis.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.13%
Tags
none
-
Rhea-AI Summary
Digital Brands Group, Inc. (NASDAQ: DBGI) reported net earnings of $5.0 million or $0.38 per diluted share for the second quarter ended June 30, 2023. Revenues increased by 69.6% to $4.5 million, excluding revenue from the Harper & Jones spin out. The company expects higher revenues in the third and fourth quarters and anticipates cost savings during that period.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-25.38%
Tags
Rhea-AI Summary
Digital Brands Group, Inc. will report Q2 2023 financial results on August 17, 2023 at 9:30 a.m. ET.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.9%
Tags
conferences earnings
-
Rhea-AI Summary
Digital Brands Group reports Q1 financial results with significant revenue and gross margin growth. The company expects to achieve positive EBITDA and launches new revenue channels.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.48%
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.29%
Tags
conferences earnings
Rhea-AI Summary
Digital Brands Group, Inc. expects first quarter fiscal 2023 revenues to increase by 46.5% to approximately $5.0 million. The company attributes the increase to the onboarding of a performance marketing agency, which has already doubled monthly e-commerce revenues since January. The first quarter results will also include the results of the Sundry acquisition. The company anticipates significant leverage on fixed operating costs and a clear path to free cash flow and profitability in the third quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
23.16%
Tags
Digital Brands Group Inc

Nasdaq:DBGI

DBGI Rankings

DBGI Stock Data

4.46M
790.16k
7.51%
1.25%
2.42%
Electronic Shopping
Retail Trade
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United States
Austin