Digital Brands offers a wide variety of apparel through numerous brands on a both direct-to-consumer and wholesale basis. We have created a business model derived from our founding as a digitally native-first vertical brand. Digital native first brands are brands founded as e-commerce driven businesses, where online sales constitute a meaningful percentage of net sales, although they often subsequently also expand into wholesale or direct retail channels., Unlike typical e-commerce brands, as a digitally native vertical brand we control our own distribution, sourcing products directly from our third-party manufacturers and selling directly to the end consumer. Digital Brands focuses on owning the customer's "closet share" by leveraging their data and purchase history to create personalized targeted content and looks for that specific customer cohort. The Company has strategically expanded into an omnichannel brand offering these styles and content not only on-line but at selected wholesale and retail storefronts. We believe this approach allows us opportunities to successfully drive Lifetime Value ("LTV") while increasing new customer growth.
Company profile
Ticker
DBGI
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Hanesbrands • J Crew • Mahwah Bergen Retail • Tailored Brands • Express • Torrid • Vince Holding • Zumiez • Citi Trends • Tillys Inc - Ordinary Shares ...
Former names
Denim LA, Inc.
SEC CIK
Corporate docs
IRS number
461942864
DBGI stock data
Latest filings (excl ownership)
8-K
DBGI Reaffirms its 2024 Guidance and Commits to No Equity Offerings for 2024
13 Feb 24
8-K
Regulation FD Disclosure
18 Jan 24
8-K
Digital Brands Group Signs Letter of Intent to Open First Retail Store in March
16 Jan 24
8-K
Digital Brands Group Forecasts $27M to $30M in Revenue, $6M to $7M in Internal Free Cash Flow and $1.5M to $2.0M in EBITDA for 2024
4 Jan 24
8-K
Submission of Matters to a Vote of Security Holders
27 Dec 23
8-K
Entry into a Material Definitive Agreement
27 Dec 23
424B5
Prospectus supplement for primary offering
27 Dec 23
8-K
Digital Brands Group Announces Conversion of All Remaining Pre-Funded Warrants, Removing Overhang of Shares
7 Dec 23
DEF 14A
Definitive proxy
20 Nov 23
10-Q
2023 Q3
Quarterly report
14 Nov 23
Transcripts
DBGI
Earnings call transcript
2023 Q3
14 Nov 23
DBGI
Earnings call transcript
2023 Q2
17 Aug 23
DBGI
Earnings call transcript
2023 Q1
22 May 23
DBGI
Earnings call transcript
2022 Q4
17 Apr 23
DBGI
Earnings call transcript
2022 Q3
16 Nov 22
DBGI
Earnings call transcript
2022 Q2
15 Aug 22
DBGI
Earnings call transcript
2022 Q1
17 May 22
DBGI
Earnings call transcript
2021 Q4
1 Apr 22
DBGI
Earnings call transcript
2021 Q2
13 Aug 21
Latest ownership filings
144
Notice of proposed sale of securities
20 Dec 23
SC 13G/A
Norwest Venture Partners XI, LP
14 Feb 23
SC 13G/A
Jones Drew
25 May 22
4
Drew Jones
23 May 22
SC 13G
Jones Drew
4 May 22
SC 13G/A
Norwest Venture Partners XI, LP
14 Feb 22
3
HUONG DOAN
18 Nov 21
SC 13G
Norwest Venture Partners XI, LP
10 Aug 21
3
Drew Jones
27 May 21
3
REID WILLIAM YEOMAN
13 May 21
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
---|---|---|---|
Revenue | |||
Cost of revenue | |||
Operating income | |||
Operating margin | |||
Net income | |||
Net profit margin | |||
Cash on hand | |||
Change in cash | |||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 1.07 mm | 1.07 mm | 1.07 mm | 1.07 mm | 1.07 mm | 1.07 mm |
Cash burn (monthly) | (no burn) | (no burn) | 1.14 mm | 170.36 k | 1.16 mm | 711.29 k |
Cash used (since last report) | n/a | n/a | 6.81 mm | 1.02 mm | 6.92 mm | 4.25 mm |
Cash remaining | n/a | n/a | -5.75 mm | 49.57 k | -5.85 mm | -3.18 mm |
Runway (months of cash) | n/a | n/a | -5.0 | 0.3 | -5.1 | -4.5 |
Institutional ownership, Q2 2023
29.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 13 |
Opened positions | 4 |
Closed positions | 5 |
Increased positions | 3 |
Reduced positions | 1 |
13F shares | Current |
---|---|
Total value | 83.55 mm |
Total shares | 255.19 k |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
HRT Financial | 86.27 k | $56.00 k |
STT State Street | 29.40 k | $19.34 mm |
Walleye Capital | 28.13 k | $18.50 mm |
Vanguard | 26.24 k | $17.27 mm |
Advisor | 19.20 k | $12.62 mm |
Norwest Venture Partners XI | 15.94 k | $0.00 |
VIRT Virtu Financial | 15.30 k | $10.00 k |
Tower Research Capital | 10.99 k | $7.23 mm |
Renaissance Technologies | 10.80 k | $7.00 k |
Blair William & Co | 10.26 k | $6.75 mm |
News
Overview Of Value Stocks In The Consumer Cyclical Sector
5 Mar 24
12 Consumer Discretionary Stocks Moving In Wednesday's After-Market Session
28 Feb 24
Digital Brands Group To Open First Retail Store In First Half Of April In Dallas, Texas; Store Forecasted To Generate Over $1.5M In Annual Revenue And $500,000 In Annual Cash Flow
27 Feb 24
12 Consumer Discretionary Stocks Moving In Tuesday's After-Market Session
13 Feb 24
Nasdaq Down Over 2%; Marriott Earnings Top Views
13 Feb 24
Press releases
Digital Brands Group To Open First Retail Store in First Half of April in Dallas, Texas
27 Feb 24
Thinking about buying stock in Digital Brands Group, Tourmaline Bio, Crown Electrokinetics, Datadog, or UiPath?
14 Feb 24
DBGI Reaffirms its 2024 Guidance and Commits to No Equity Offerings for 2024
13 Feb 24
DBG Plans to Open 50 Retail Stores Over Next Several Years Funded By Internal Free Cash Flow
18 Jan 24
Digital Brands Group Signs Letter of Intent to Open First Retail Store in March
16 Jan 24