secwatch.observer — SEC 8-K summary
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Issuer:     Digital Brands Group, Inc. (DBGI)
CIK:        0001668010
Form:       8-K
Filed at:   2024-11-14T23:59:59+00:00
Accession:  0001493152-24-045972
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digital Brands Group Q3 net revenue down 27% YoY to $2.4M; net loss improves to $3.5M
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- Net revenues of $2.4M vs $3.3M a year ago; drop due to exiting low-margin wholesale account.
- Gross profit margin fell to 46.0% from 52.3% due to fixed costs and lower digital revenue.
- G&A expenses decreased $1.3M to $2.4M; includes $1.6M in non-cash expenses.
- Net loss per diluted share improved to $1.63 from $14.55; net loss $3.5M vs $5.4M.
- Expects $3.1M benefit to FY2025 net earnings from completion of amortization, lowering quarterly interest to $105K.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1668010/000149315224045972/0001493152-24-045972-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1668010/000149315224045972/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-045972

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