Digital Brands Group
DBGI

$0.9278

8.11%

Market Cap: $2.43M

About: Digital Brands Group Inc offers a variety of apparel through numerous brands on a both direct-to-consumer and wholesale basis. It has expanded into an omnichannel brand offering the styles and content not only online but at selected wholesale and retail storefronts. Its brand portfolio consists of Bailey 44, DSTLD, Harper & Jones, Stateside, and Sundry.

Employees: 56

Consumer Discretionary Apparel & Accessory Stores

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

1,769% more capital invested

Capital invested by funds: $13.1K [Q1] → $244K (+$231K) [Q2]

300% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 1

100% more funds holding

Funds holding: 3 [Q1] → 6 (+3) [Q2]

8.09% more ownership

Funds ownership: 0.37% [Q1] → 8.46% (+8.09%) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for DBGI.

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Financial journalist opinion

Based on 4 articles about DBGI published over the past 30 days

DBG Announces Launch of AVO, A New Direct-To-Consumer Brand, After Successful Beta Test

Austin, TX, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Digital Brands Group, Inc. (“DBG”) (NASDAQ: DBGI), a curated collection of luxury lifestyle brands, today announces the launch of AVO a new direct-to-consumer (DTC) brand ( https://shopavo.la/ ). As other premium brands have increased retail prices due to inflation, the Company believes an opportunity has opened to deliver premium apparel at lower prices by pursuing a DTC model that also provides significant discounts for bundling multiple products. This new model creates a value proposition in the premium segment, similar to how fast fashion created a value proposition in the mass market segment.

Digital Brands Group, Inc. (DBGI) Q2 2024 Earnings Call Transcript

Digital Brands Group, Inc. (NASDAQ:DBGI ) Q2 2024 Earnings Conference Call August 19, 2024 5:00 PM ET Company Participants John McNamara - IR Hil Davis - CEO Conference Call Participants Operator Greetings. Welcome to the Digital Brands Group Second Quarter 2024 Conference Call.

Digital Brands Group, Inc. (DBGI) Q2 2024 Earnings Call Transcript

Digital Brands Group Reports Second Quarter 2024 Financial Results

Austin, TX, Aug. 19, 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 second quarter ended June 30, 2024.

Digital Brands Group Reports Second Quarter 2024 Financial Results

Digital Brands Group to Report Second Quarter 2024 Financial Results on Monday, August 19, 2024

Austin, TX, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Digital Brands Group, Inc. (“DBG”) (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, will report financial results for the second quarter ended June 30, 2024 on Monday, August 19, 2024 at 4:30 p.m. ET.

Digital Brands Group to Report Second Quarter 2024 Financial Results on Monday, August 19, 2024

DBG Announces Successful Launch of its New DTC Strategy DSTLD Orders Rise 144% Since June Launch

Austin, TX, July 31, 2024 (GLOBE NEWSWIRE) -- Digital Brands Group, Inc. (“DBG”) (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today announces a successful launch of its new DTC strategy. The new strategy focuses on driving significant customer value through discounts offered to customers who bundle multiple units in one purchase, which is referred to as “Build Your Own Bundle” or BYOB. Since launching this new BYOB strategy in mid-June, DSTLD has experienced a 144% increase in its orders. Additionally, DSTLD orders are up 400%+ when there are dedicated email campaigns featuring this BYOB promotion.

DBG Announces Successful Launch of its New DTC Strategy DSTLD Orders Rise 144% Since June Launch

Digital Brands Group, Inc. (DBGI) Q1 2024 Earnings Call Transcript

Digital Brands Group, Inc. (NASDAQ:DBGI ) Q1 2024 Earnings Conference Call May 20, 2024 10:30 AM ET Company Participants John McNamara - IR Hil Davis - CEO Operator Greetings. Welcome to the Digital Brands Group Q1 2024 Conference Call.

Digital Brands Group, Inc. (DBGI) Q1 2024 Earnings Call Transcript

Digital Brands Group Reports First Quarter 2024 Financial Results

Loss from operations was $225,000 versus $3.7 million a year ago Austin, TX, May 20, 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 first quarter ended March 31, 2024. “Despite a timing shift in our wholesale shipments, which shifted revenue from the first quarter to the second quarter, we experienced significant operating expense leverage.

Digital Brands Group Reports First Quarter 2024 Financial Results

Digital Brands Group to Report First Quarter 2024 Financial Results on Monday, May 20, 2024

Austin, TX, May 17, 2024 (GLOBE NEWSWIRE) -- Digital Brands Group, Inc. (“DBG”) (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, will report financial results for the first quarter ended March 30, 2024 on Monday, May 20, 2024 at 9:30 a.m. ET.

Digital Brands Group to Report First Quarter 2024 Financial Results on Monday, May 20, 2024

DBGI Announces Closing of Exercise of Warrants for $3.2 Million in Gross Proceeds

Austin, TX, May 07, 2024 (GLOBE NEWSWIRE) -- Digital Brands Group, Inc. (“we”, “us”, “DBG” or the “Company”) (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today announced the closing of its previously announced exercise in cash of certain outstanding warrants to purchase an aggregate of 1,027,750 shares of the Company's common stock, originally issued by the Company on September 5, 2023, at a reduced exercise price of $3.13 per share. The shares of common stock issuable upon exercise of the warrants are registered pursuant to an effective registration statement on Form S-1 (File No. 333-274563).

DBGI Announces Closing of Exercise of Warrants for $3.2 Million in Gross Proceeds

DBGI Announces Exercise of Warrants for $3.2 Million in Gross Proceeds

Austin, TX, May 03, 2024 (GLOBE NEWSWIRE) -- Digital Brands Group, Inc. (“we”, “us”, “DBG” or the “Company”) (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today announced the entry into a definitive agreement for the immediate exercise in cash of certain outstanding warrants to purchase an aggregate of 1,027,750 shares of the Company's common stock at a reduced exercise price of $3.13 per share. The exercised warrants are comprised of Series A and Series B warrants originally issued by the Company on September 5, 2023, each having an exercise price of $9.43 per share. The Series A warrants have a term of five and one-half years and the Series B warrants have a term of fifteen months. The shares of common stock issuable upon exercise of the warrants are registered pursuant to an effective registration statement on Form S-1 (File No. 333-274563). The closing of the warrant exercise transaction is expected to occur on or about May 7, 2024, subject to satisfaction of customary closing conditions.

DBGI Announces Exercise of Warrants for $3.2 Million in Gross Proceeds

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