Welcome to our dedicated page for Digital Brands Group news (Ticker: DBGI), a resource for investors and traders seeking the latest updates and insights on Digital Brands Group stock.
Digital Brands Group, Inc. (NASDAQ: DBGI) generates news across eCommerce, fashion, collegiate apparel, and technology-enabled brand services. As a company that offers a wide variety of apparel through multiple brands on both a direct-to-consumer and wholesale basis, its updates often cover developments in lifestyle brands, campus programs, and digital commerce initiatives. The company also reports on its efforts to use customer data and purchase history to personalize apparel offerings and content for specific customer cohorts.
Recent announcements highlight Digital Brands Group’s expansion in the collegiate and name, image, and likeness (NIL) apparel space through its AVO brand, including capsule collections and game-day activations with organizations such as The Grove Collective and Yea Alabama. News items describe private label manufacturing agreements, playoff capsule launches, and campus events that support student-athlete funds, particularly initiatives directed to female student-athletes.
Digital Brands Group also issues news on its technology and AI partnerships. Releases have detailed collaborations with SECUR3D Inc. for AI-powered brand and intellectual property protection, including the deployment of the AssetSafe platform, and with Aha (formerly HeadAI) to automate influencer marketing campaigns across its consumer and collegiate segments. Additional coverage includes partnerships with brands such as Herschel Supply Co. for AI-driven brand protection.
Investors and followers of DBGI can use this news page to review company press releases on strategic agreements, marketing collaborations, financial results, and capital markets activity, including SEC registration statements and index inclusion. The feed provides context on how Digital Brands Group combines apparel, collegiate programs, and AI-enabled tools in its ongoing business activities.
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Digital Brands Group (NASDAQ: DBGI) reported a significant 84.2% increase in net revenues for fiscal 2022, totaling $14.0 million compared to $7.6 million in 2021. The gross margin profit surged 218.5% to $6.0 million, with a gross margin of 42.6%. G&A expenses decreased slightly to $16.4 million, while sales and marketing expenses rose to $5.0 million. Despite these positive results, the company reported a net loss of $38.0 million, which included substantial impairment charges. For Q4, revenues were $3.4 million, down from $4.0 million a year ago, attributed to a drop in advertising spend and the transition of Bailey 44 to online. The company anticipates generating $500,000 in monthly cash flow starting in October 2023.
Digital Brands Group, Inc. (NASDAQ: DBGI) will announce its financial results for the fourth quarter and fiscal year ending December 31, 2022, on April 17, 2023, at 4:00 p.m. ET.
The management team will host a conference call shortly after, at 4:30 p.m. ET, to discuss the financial results in detail. Investors can join the call by dialing (866) 605-1828 within the U.S. or via the provided web link.
Digital Brands Group specializes in offering a range of apparel brands, focusing on both direct-to-consumer and wholesale models, aiming to enhance customer engagement and personalization through data-driven strategies.
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