Digital Brands Group expects Q1 FY2023 revenue ~$5.0M, up 46.5% YoY

Digital Brands Group, Inc.

Preliminary Q1 FY2023 revenue expected ~$5.0M, a 46.5% increase YoY.
E-commerce revenue doubled from January levels after new performance marketing agency began; lower ad spend in Q1.
Results include Sundry acquisition; management expects meaningful fixed-cost leverage and path to free cash flow in Q3.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Digital Brands Group, Inc. reported first quarter fiscal 2023 results: revenue approximately $5.0 million.

Period: first quarter fiscal 2023
Revenue: approximately $5.0 million
Result: preliminary results

Exact text from the filing

On May 4, 2023, Digital Brands Group, Inc. issued a press release announcing that it expects first quarter fiscal 2023 revenues to be approximately $5.0 million, an increase of 46.5%.

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3 earnings releases filed in the last 30 days. Browse all earnings releases →

Digital Brands Group, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-056786

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