DBGI Reaffirms Its 2024 Guidance Revenue Of $27M-$30M And Commits To No Equity Offerings For 2024
Portfolio Pulse from Benzinga Newsdesk
Digital Brands Group, Inc. (DBGI) reaffirmed its 2024 revenue guidance of $27M-$30M, with internal free cash flow of $6M-$7M and EBITDA of $1.5M-$2.0M. The company also announced no equity offerings for 2024, highlighting the revenue scale achieved through the Sundry acquisition and a $1M reduction in operating costs. CEO Hil Davis emphasized the commitment to shareholder growth and the exploration of strategic alternatives to maximize shareholder value.
February 13, 2024 | 1:38 pm
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Digital Brands Group, Inc. reaffirmed its 2024 revenue guidance and committed to no equity offerings, indicating a strong financial outlook and operational efficiency.
Reaffirming revenue guidance and committing to no equity offerings for 2024 suggests DBGI is confident in its financial stability and growth prospects. This, combined with operational efficiencies and strategic reviews, could positively influence investor sentiment and the stock price in the short term.
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