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Digital Brands Group, Inc. - $DBGI STOCK NEWS

Welcome to our dedicated page for Digital Brands Group news (Ticker: $DBGI), a resource for investors and traders seeking the latest updates and insights on Digital Brands Group stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Digital Brands Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Digital Brands Group's position in the market.

Rhea-AI Summary
Digital Brands Group, Inc. (NASDAQ: DBGI) reported financial results for its third quarter, revealing a significant increase in net revenues, gross margin, and internal free cash flow. The company's first quarter 2024 wholesale bookings reached $4.5 million, demonstrating a positive trend in revenue growth. However, the Board is reviewing strategic alternatives due to a dislocation between the company's public market value and its underlying assets and operating performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.01%
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Rhea-AI Summary
Digital Brands Group, Inc. (NASDAQ: DBGI) Announces 2023 Annual Meeting of Shareholders
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End-of-Day
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Rhea-AI Summary
Digital Brands Group, Inc. (NASDAQ: DBGI) will release its Q3 2023 financial results on November 14, 2023, followed by a conference call to discuss the outcomes. The company's management will host the call, which can be accessed via phone or webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.29%
Tags
conferences earnings
Rhea-AI Summary
Digital Brands Group, Inc. (NASDAQ: DBGI) has announced a formal review to explore strategic alternatives for the company. The review will evaluate options to maximize shareholder value due to the dislocation between the company's public market value and the intrinsic value of its assets. The company has not set a deadline or definitive timetable for the completion of this process.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.38%
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Rhea-AI Summary
DBG closes private placement offering, raising $5.0 million in gross proceeds
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Rhea-AI Sentiment
End-of-Day
-20.95%
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Rhea-AI Summary
Digital Brands Group, Inc. announces private placement offering of 513,875 shares of common stock at $9.73 per share, expected to generate approximately $5.0 million in gross proceeds.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.87%
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none
Rhea-AI Summary
Digital Brands Group, Inc. will undergo a 1-for-25 reverse stock split of its common stock, effective on August 22, 2023. The stock will continue trading on Nasdaq under the symbol 'DBGI' on a split-adjusted basis.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.13%
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Rhea-AI Summary
Digital Brands Group, Inc. (NASDAQ: DBGI) reported net earnings of $5.0 million or $0.38 per diluted share for the second quarter ended June 30, 2023. Revenues increased by 69.6% to $4.5 million, excluding revenue from the Harper & Jones spin out. The company expects higher revenues in the third and fourth quarters and anticipates cost savings during that period.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-25.38%
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Rhea-AI Summary
Digital Brands Group, Inc. will report Q2 2023 financial results on August 17, 2023 at 9:30 a.m. ET.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.9%
Tags
conferences earnings
Rhea-AI Summary
Digital Brands Group reports Q1 financial results with significant revenue and gross margin growth. The company expects to achieve positive EBITDA and launches new revenue channels.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.48%
Tags
Digital Brands Group, Inc.

Nasdaq:DBGI

DBGI Rankings

DBGI Stock Data

4.57M
790.16k
7.51%
1.25%
2.42%
Electronic Shopping
Retail Trade
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United States of America
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