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

January 3, 2024

https://www.prnewswire.com/news-releases/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-2024–302025042.html

AUSTIN, Texas, Jan. 3, 2024 /PRNewswire/ — Digital Brands Group, Inc. (“DBG”)  (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today announces its initial 2024 revenue guidance of $27 million to $30 million, an increase of 70% to 90% from 2023 revenue expectations.  As we stated on our most recent quarterly call, we expect our first quarter 2024 revenues to approximate $6 million, based on $4.5 million in confirmed wholesale bookings.        

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