Digital Brands Group Inc (DBGI) Q4 2023 Earnings Call Transcript Highlights: A Detailed ...

GuruFocus.com04-16

Net Revenues: Increased 6.8% to $14.9 million for the fiscal year. Gross Margin: Increased to $6.5 million, representing a 10.2% rise. Gross Profit Margins: Increased to 43.9% from 42.5% year over ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2427155548?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-04-16 15:02","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2427155548","market":"us","top_or_hot":-1,"title":"Digital Brands Group Inc (DBGI) Q4 2023 Earnings Call Transcript Highlights: A Detailed ...","media":"GuruFocus.com","content":"<div>\n<p>Net Revenues: Increased 6.8% to $14.9 million for the fiscal year.\nGross Margin: Increased to $6.5 million, representing a 10.2% rise.\nGross Profit Margins: Increased to 43.9% from 42.5% year over ...</p>\n\n<a href=\"https://finance.yahoo.com/news/digital-brands-group-inc-dbgi-070232338.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Digital Brands Group Inc (DBGI) Q4 2023 Earnings Call Transcript Highlights: A Detailed ...</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDigital Brands Group Inc (DBGI) Q4 2023 Earnings Call Transcript Highlights: A Detailed ...\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-16 15:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/digital-brands-group-inc-dbgi-070232338.html><strong>GuruFocus.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Net Revenues: Increased 6.8% to $14.9 million for the fiscal year.\nGross Margin: Increased to $6.5 million, representing a 10.2% rise.\nGross Profit Margins: Increased to 43.9% from 42.5% year over ...</p>\n\n<a href=\"https://finance.yahoo.com/news/digital-brands-group-inc-dbgi-070232338.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DBGI","symbol_name":"Digital Brands Group, Inc.","start_time":0,"source_url":"https://finance.yahoo.com/news/digital-brands-group-inc-dbgi-070232338.html","article_id":"2427155548","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2427155548","pubTimestamp":1713250952,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Net Revenues: Increased 6.8% to $14.9 million for the fiscal year.Gross Margin: Increased to $6.5 million, representing a 10.2% rise.Gross Profit Margins: Increased to 43.9% from 42.5% year over year.G&A Expenses: Decreased 12.7% to $14.3 million, including non-cash items.Sales and Marketing Expenses: Decreased 18.5% to $4 million.Net Loss Per Share: $10.2 million or $20.46 per share.Net Loss : $8 million compared to a loss of $28.8 million prior year.Q4 Net Revenues: $2.8 million compared to $3.4 million year over year.Q4 Gross Profit: $0.5 million, including non-cash expenses.Q4 Gross Profit Margins: Decreased to 18.3% from 19%.Q4 G&A Expenses: Decreased 30.6% to $2.2 million.Q4 Sales and Marketing Expenses: Decreased 13.4% to $0.8 million.GuruFocus has detected 7 Warning Signs with DBGI.For the complete transcript of the earnings call, please refer to the full earnings call transcript.Net loss per share attributable to common shareholders was $10.2 million or $20.46 per share, compa","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"DBGI":"Digital Brands Group, Inc.","DBGIW":"Digital Brands Group Equity Warrant Exp 01 May 2026"},"translate_title":"数字品牌集团公司（DBGI）2023年第四季度收益看涨期权抄本亮点：详细...","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DBGI":1,"DBGIW":0.9},"content_text":"Net Revenues: Increased 6.8% to $14.9 million for the fiscal year.\nGross Margin: Increased to $6.5 million, representing a 10.2% rise.\nGross Profit Margins: Increased to 43.9% from 42.5% year over year.\nG&A Expenses: Decreased 12.7% to $14.3 million, including non-cash items.\nG&A Expenses (Excluding Non-Cash Items): Decreased 35.7% to $8.8 million.\nSales and Marketing Expenses: Decreased 18.5% to $4 million.\nNet Loss Per Share: $10.2 million or $20.46 per share.\nNet Loss (Excluding Non-Cash Charges): $8 million compared to a loss of $28.8 million prior year.\nQ4 Net Revenues: $2.8 million compared to $3.4 million year over year.\nQ4 Gross Profit: $0.5 million, including non-cash expenses.\nQ4 Gross Profit Margins: Decreased to 18.3% from 19%.\nQ4 G&A Expenses: Decreased 30.6% to $2.2 million.\nQ4 Sales and Marketing Expenses: Decreased 13.4% to $0.8 million.\nQ4 Net Loss Per Share: $3.7 million or $8.76 per share.\nQ4 Net Loss (Excluding Non-Cash Charges): $0.6 million compared to $19.2 million prior year.\n\n\nWarning! GuruFocus has detected 7 Warning Signs with DBGI.\n\nRelease Date: April 15, 2024\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.\n Positive Points \n\nNet revenues increased 6.8% to $14.9 million compared to $14 million a year ago.\nGross margin increased 10.2% to $6.5 million compared to $5.9 million.\nGross profit margins increased to 43.9% from 42.5% a year ago.\nG&A expenses, including non-cash items, decreased 12.7% to $14.3 million compared to $16.4 million a year ago.\nSales and marketing expenses decreased 18.5% to $4 million compared to $5 million a year ago.\n\n Negative Points \n\nNet loss per share attributable to common shareholders was $10.2 million or $20.46 per share, compared to a loss of $38 million or $1,233.10 per share.\nNet revenues for the fourth quarter were down to $2.8 million compared to $3.4 million a year ago.\nGross profit for the fourth quarter was down to $0.5 million compared to $0.6 million a year ago.\nGross profit margins decreased to 18.3% from 19% a year ago for the fourth quarter.\nNet loss per diluted share attributable to common shareholders for the fourth quarter was $3.7 million or $8.76 per share.\n\n Q & A Highlights \nQ: What were the key financial highlights for Digital Brands Group in the fourth quarter and full fiscal year 2023? A: CEO Hil Davis reported that net revenues increased 6.8% to $14.9 million compared to $14 million a year ago, excluding revenue from Harper & Jones. Gross margin increased 10.2% to $6.5 million compared to $5.9 million. Gross profit margins increased to $43.9 million from $42.5 million a year ago. G&A expenses, including non-cash items, decreased 12.7% to $14.3 million compared to $16.4 million a year ago. Net loss per share attributable to common shareholders was $10.2 million or $20.46 per share, compared to a loss of $38 million or $1,233.10 per share the previous year.\nQ: What were the fourth-quarter results specifically? A: For the fourth quarter, net revenues were $2.8 million compared to $3.4 million a year ago. Gross profit was $0.5 million compared to $0.6 million a year ago. G&A expenses decreased 30.6% to $2.2 million compared to $3.2 million a year ago. Net loss per diluted share attributable to common shareholders was $3.7 million or $8.76 per share. Excluding non-cash charges, the net loss was $0.6 million compared to $19.2 million a year ago.\nQ: Can you explain the non-cash charges that were mentioned? A: CEO Hil Davis mentioned that the non-cash charges were associated with G&A and stock option expenses, largely related to the Sundry acquisition. These charges were taken as part of the audit process and are not expected to occur going forward.\nQ: What is the significance of the S-3 filing that was mentioned? A: Hil Davis explained that the S-3 filing was an example of good corporate governance and was timed to take advantage of the highest stock price during a 60-day look-back period. It provides the company with option value in case there is a need for cash, as opposed to filing an S-1 at a later date.\nQ: What are the expectations for Digital Brands Group in 2024? A: The CEO expressed excitement for the first quarter earnings of 2024, which are expected to show the strength of the business between wholesale shipments and bookings. Preliminary results from a new outlet store opening are also anticipated. The year 2024 is expected to be an inflection point for the business.\nQ: Were there any questions from the participants during the Q&A session? A: No, there were no questions in the queue during the Q&A session.This article first appeared on \nGuruFocus.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2427155548"}