Followers | 4055 |
Posts | 152123 |
Boards Moderated | 3 |
Alias Born | 08/05/2009 |
Tuesday, February 13, 2024 2:41:07 PM
AUSTIN, Texas, Feb. 13, 2024 /PRNewswire/ -- Digital Brands Group, Inc. ("we", "us", "DBG" or the "Company") (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, announced today that it is re-affirming its fiscal year 2024 forecast of $27 million to $30 million in revenue, $6 million to $7 million in internal free cash flow and $1.5 million to $2.0 million in ebitda.
Additionally, the Company commits to no equity offerings for 2024.
The Company has achieved revenue scale with its Sundry acquisition, while it also reduced operating costs by an additional $1 million for 2024.
"We are excited to showcase our commitment to shareholder growth in 2024, which includes (1) the commitment of no equity offerings for 2024 and (2) our continued review of strategic alternatives, especially given our assets and operating forecast relative to our public market value. We have several options to maximize shareholder value, which we will pursue if this dislocation remains," said Hil Davis, Chief Executive Officer of Digital Brands Group.
https://www.prnewswire.com/news-releases/dbgi-reaffirms-its-2024-guidance-and-commits-to-no-equity-offerings-for-2024-302060320.html
Recent DBGI News
- DBG Announces Launch of AVO, A New Direct-To-Consumer Brand, After Successful Beta Test • GlobeNewswire Inc. • 09/04/2024 02:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/04/2024 12:55:39 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 09/04/2024 04:15:03 AM
- Form POS AM - Post-Effective amendments for registration statement • Edgar (US Regulatory) • 08/21/2024 10:16:22 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/19/2024 09:29:45 PM
- Digital Brands Group Reports Second Quarter 2024 Financial Results • GlobeNewswire Inc. • 08/19/2024 08:30:00 PM
- Digital Brands Group to Report Second Quarter 2024 Financial Results on Monday, August 19, 2024 • GlobeNewswire Inc. • 08/14/2024 02:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/02/2024 08:49:48 PM
- DBG Announces Successful Launch of its New DTC Strategy DSTLD Orders Rise 144% Since June Launch • GlobeNewswire Inc. • 07/31/2024 11:30:00 AM
- Digital Brands Group Reports First Quarter 2024 Financial Results • GlobeNewswire Inc. • 05/20/2024 01:30:00 PM
- Digital Brands Group to Report First Quarter 2024 Financial Results on Monday, May 20, 2024 • GlobeNewswire Inc. • 05/17/2024 06:52:00 PM
- DBGI Announces Closing of Exercise of Warrants for $3.2 Million in Gross Proceeds • GlobeNewswire Inc. • 05/07/2024 08:51:00 PM
- DBGI Announces Exercise of Warrants for $3.2 Million in Gross Proceeds • GlobeNewswire Inc. • 05/03/2024 01:18:04 PM
- Digital Brands Group Reports Fourth Quarter and Fiscal Year 2023 Financial Results • PR Newswire (US) • 04/15/2024 08:15:00 PM
- Digital Brands Group to Report Fourth Quarter and Fiscal Year 2023 Financial Results on Monday, April 15, 2024 • PR Newswire (US) • 04/12/2024 03:00:00 PM
- Digital Brands Group To Open First Retail Store in First Half of April in Dallas, Texas • PR Newswire (US) • 02/27/2024 01:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/13/2024 03:00:04 PM
- DBGI Reaffirms its 2024 Guidance and Commits to No Equity Offerings for 2024 • PR Newswire (US) • 02/13/2024 01:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/18/2024 09:01:25 PM
- DBG Plans to Open 50 Retail Stores Over Next Several Years Funded By Internal Free Cash Flow • PR Newswire (US) • 01/18/2024 01:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/16/2024 09:13:36 PM
- Digital Brands Group Signs Letter of Intent to Open First Retail Store in March • PR Newswire (US) • 01/16/2024 01:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/04/2024 09:05:13 PM
- Digital Brands Group Forecasts $27M to $30M in Revenue, $6M to $7M in Internal Free Cash Flow and $1.5M to $2.0M in EBITDA for 2024 • PR Newswire (US) • 01/03/2024 01:30:00 PM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM
Element79 Gold Corp Announces 2024 Clover Work Plans & Nevada Portfolio Updates • ELMGF • Sep 10, 2024 11:00 AM
Nightfood Holdings Inc. Completes Major Step on Uplist Journey by Closing Strategic All-Stock Acquisition of CarryoutSupplies.com • NGTF • Sep 10, 2024 8:15 AM
Element79 Gold Corp. Announces Sale of 100% Interest in Elder Creek, North Mill Creek, and Elephant Projects to 1472886 B.C. Ltd. • ELEM • Sep 9, 2024 9:34 AM