Digital Brands Group reports Q2 net income of $5.0M, revenue up 69.6% to $4.5M

Digital Brands Group, Inc.

2023-Q2 EPS reported -$0.18 revenue$8,869,803

Net income attributable to common stockholders $5.0M ($0.38 diluted EPS) vs loss of $9.5M a year ago.
Revenue $4.5M, up 69.6% YoY (excluding Harper & Jones spin-out).
Income from operations of $9.0M compared to a loss of $10.6M in prior-year period.
G&A expenses decreased 4.0% to $4.1M; Sales & Marketing down 20.1% to $1.1M.
Expects internal free cash flow in October; launching affiliate program and multi-brand retail store this Fall.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Digital Brands Group, Inc. reported second quarter ended June 30, 2023 results: revenue $4.5 million, net income $5.0 million, EPS $0.38 per diluted share.

Period: second quarter ended June 30, 2023
Revenue: $4.5 million
Net income: $5.0 million
EPS: $0.38 per diluted share
Result: reported results

Exact text from the filing

Digital Brands Group Reports Second Quarter 2023 Financial Results Net Earnings of $5.0 million or $0.38 per diluted share Revenues increased 69.6% to $4.5 million

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Digital Brands Group, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-093971

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