Digital Brands Group eliminates $5.2M in debt; interest expense to drop to $420k in FY2025

Digital Brands Group, Inc.

Eliminated $5.2M in convertible notes, other debt, and aged accounts payable since May 2024.
Interest expense forecast to decline from ~$3.1M in FY2024 to ~$420k in FY2025, adding $2.7M to net income.
Past acquisition overhang estimated at $42.3M over last 3 years; only $2.5M expected in next 2 years.
G&A expenses reduced ~$500k in Q3 2024 vs Q2 2024; further cuts planned from workforce reductions.
Marketing drive: 20% Sundry wholesale price bump, VaynerCommerce partnership boosting digital sales 224%.

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