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Digital Brands Group
(OTC:DBGI)
Digital Brands Group (DBGI) vs. S&P 500 (SPY)
Digital Brands Group Business Overview & Revenue Model
Digital Brands Group Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 12.20M | 14.92M | 13.97M | 7.58M | 5.24M | 3.03M | Gross Profit |
| 4.19M | 6.54M | 5.94M | 2.90M | 553.68K | 1.41M | EBIT |
| -8.04M | -2.10M | -15.99M | -31.35M | -7.51M | -4.85M | EBITDA |
| -5.17M | -755.03K | -13.77M | -28.57M | -8.51M | -4.83M | Net Income Common Stockholders |
| -11.45M | -10.25M | -54.15M | -32.36M | -10.73M | -5.65M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 55.40K | 20.77K | 1.28M | 528.39K | 575.99K | 40.47K | Total Assets |
| 1.48M | 25.34M | 33.74M | 36.49M | 16.35M | 1.28M | Total Debt |
| 3.96M | 8.67M | 14.22M | 18.62M | 14.11M | 5.30M | Net Debt |
| 3.91M | 8.65M | 12.93M | 18.09M | 13.53M | 5.26M | Total Liabilities |
| 6.59M | 23.73M | 41.19M | 43.58M | 22.21M | 8.43M | Stockholders Equity |
| -5.11M | 1.60M | -7.45M | -7.09M | -5.86M | -7.15M |
| Cash Flow | Free Cash Flow | ||||
| -2.87M | -6.04M | -10.58M | -14.26M | -2.06M | -3.88M | Operating Cash Flow |
| -2.85M | -6.01M | -10.57M | -14.22M | -2.06M | -3.87M | Investing Cash Flow |
| -53.59K | 88.82K | -7.31M | -6.01M | 204.88K | 6.64K | Financing Cash Flow |
| 2.12M | 4.66M | 18.64M | 20.18M | 2.39M | 3.32M |
Digital Brands Group Technical Analysis
Digital Brands Group Risk Analysis
Digital Brands Group Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $5.00B | 12.71 | 17.56% | ― | 7.71% | 40.01% | |
72 Outperform | $27.99M | 6.14 | 8.53% | ― | -6.50% | -76.07% | |
67 Neutral | $4.00B | 14.03 | 29.58% | 3.11% | 2.20% | 120.00% | |
66 Neutral | $6.43B | 30.93 | 10.49% | 3.15% | 2.96% | -15.58% | |
60 Neutral | $5.22B | 235.89 | 7.53% | 0.15% | ― | ― | |
60 Neutral | $12.39B | 10.47 | 1.07% | 3.58% | 1.64% | -18.33% | |
38 Underperform | $5.40M | ― | -437.16% | ― | -24.77% | 97.54% |
Digital Brands Group Earnings Call Summary
Digital Brands Group Corporate Events
Digital Brands Group has significantly improved its financial condition by eliminating $5.2 million in convertible notes and other debts, resulting in a forecasted annual interest expense reduction of approximately $2.7 million. This financial restructuring is expected to enhance net income and cash flow, allowing the company to focus on growth initiatives such as price increases, digital marketing, and influencer partnerships to boost revenue and shareholder value.
Digital Brands Group announced a significant 224% increase in digital revenue following a 45-day marketing partnership with VaynerCommerce, a digital growth agency. This partnership has positively impacted DBG’s operations by enhancing their digital marketing strategies, indicating a promising shift in their market positioning and potential benefits for stakeholders.
Digital Brands Group, Inc. announced a 1-for-50 reverse stock split of its common stock, effective December 13, 2024, to regain compliance with Nasdaq’s $1.00 minimum bid price requirement. This strategic move is expected to impact the trading of the company’s stock, as it continues to trade under the symbol ‘DBGI’ with a new CUSIP number.
Digital Brands Group, Inc. has partnered with VAYNERCOMMERCE to launch its AVO brand on TikTok Shop and TikTok Live, leveraging influencer talent and live streaming to engage audiences directly. This move represents a strategic step in their digital expansion, with plans to extend this approach to other product lines in 2025. The partnership highlights the growing importance of social media platforms in reaching consumers and adapting to evolving market trends.
Digital Brands Group, Inc. has announced a strategic partnership with LTK, a prominent influencer platform, to enhance brand visibility and drive revenue growth through influencer marketing. The collaboration targets expanding consumer outreach for DBG’s Sundry, Stateside, and Avo brands, with the launch of influencer videos next week. This partnership, part of DBG’s digital strategy alongside VAYNERCOMMERCE, aims to leverage LTK’s performance-based platform to scale marketing efforts effectively.
Digital Brands Group, Inc. has partnered with VaynerCommerce to enhance their digital marketing efforts, resulting in a 34% increase in digital revenue and a 7% rise in average order volume over a 17-day period. The collaboration, driven by VaynerCommerce’s expertise in scaling online presence, is part of DBG’s strategy to boost marketing campaigns and leverage digital growth, with plans to incorporate email and SMS services soon.
Digital Brands Group, Inc., known for its luxury lifestyle and digital-first brands, is set to reveal its third-quarter 2024 financial results on November 14, 2024, followed by a conference call at 5:00 PM ET. This event offers an opportunity for investors to gain insights into the company’s performance and strategies, emphasizing its focus on personalized customer engagement through a data-driven business model.
Digital Brands Group, Inc. has successfully paid off $1.3 million in convertible notes, effectively eliminating all its debt securities convertible into common stock. This strategic financial move, highlighted by CEO Hil Davis, is part of the company’s broader effort to clean up its balance sheet and focus on growth. With over $3.5 million in debt repaid in 2024, DBG aims to alleviate financial burdens and enhance its market position.