Digital Brands Group Inc (DBGI)

[KeepItRealistic]

"As we stated, the Board is reviewing strategic alternatives given the continued dislocation between Digital Brand Group's public market value and the intrinsic value of the Company's underlying assets and operating performance. We believe the first quarter 2024 wholesale bookings and the monthly internal free cash flow illustrate how significant this dislocation has become. To illustrate this dislocation, we are on a $18 million wholesale revenue run rate for 2024, which does not include any benefit from additional revenue from e-commerce, stores and licensing income," said Hil Davis, Chief Executive Officer of Digital Brands Group.