---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-047126"
form_type: "8-K"
ticker: "DBGI"
cik: "0001668010"
company_name: "Digital Brands Group, Inc."
filed_at: "2023-04-19T23:59:59+00:00"
generated_at: "2026-06-16T23:40:30.209095+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Digital Brands Group reports FY 2022 revenue up 84% to $14M, net loss $38M; expects $500K monthly cash flow Oct 2023

## Summary
- FY 2022 net revenues $14.0M, +84.2% YoY; gross margin $6.0M, +218.5%.
- Net loss attributable to common stockholders $38.0M ($49.32/sh) vs $32.4M ($424.15/sh) in 2021.
- Q4 2022 net revenues $3.4M vs $4.0M YoY; net loss $15.8M ($20.46/sh) vs $9.7M.
- Expects ~$500K/month internal free cash flow starting Oct 2023 after final MCA payment.
- CEO cites Sundry acquisition as path to scale; projects positive EBITDA later in 2023.

## SEC filing metadata
- accession: 0001104659-23-047126
- form_type: 8-K
- ticker: DBGI
- cik: 0001668010
- company_name: Digital Brands Group, Inc.
- filed_at: 2023-04-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1668010/000110465923047126/0001104659-23-047126-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1668010/000110465923047126/tm2313179d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-047126
- JSON: https://secwatch.observer/filing/0001104659-23-047126.json
- Plain text: https://secwatch.observer/filing/0001104659-23-047126.txt

## Key facts
- Earnings Releases
  Digital Brands Group, Inc. reported fourth quarter ended December 31, 2022 results: revenue $3.4, net income $15.8 million, or $20.46 per share, EPS $20.46 per share.
  - Period: fourth quarter ended December 31, 2022
  - Revenue: $3.4
  - Net income: $15.8 million, or $20.46 per share
  - EPS: $20.46 per share
  - Result: reported results
  source text: Net revenues were $3.4 in the fourth quarter of 2022 compared to $4.0 million a year ago
  evidence_url: https://www.sec.gov/Archives/edgar/data/1668010/000110465923047126/0001104659-23-047126-index.htm
- Earnings Releases
  Digital Brands Group, Inc. reported fiscal year ended December 31, 2022 results: revenue $14.0 million, net income $38.0 million, or $49.32 per share, EPS $49.32 per share.
  - Period: fiscal year ended December 31, 2022
  - Revenue: $14.0 million
  - Net income: $38.0 million, or $49.32 per share
  - EPS: $49.32 per share
  - Result: reported results
  source text: Net revenues for fiscal 2022 increased 84.2% to $14.0 million compared to $7.6 million in 2021
  evidence_url: https://www.sec.gov/Archives/edgar/data/1668010/000110465923047126/0001104659-23-047126-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.