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home / articles / DBGI - Why Digital Brands Group (DBGI) Stock Is Popping Off | Benzinga

DBGI - Why Digital Brands Group (DBGI) Stock Is Popping Off | Benzinga

Digital Brands Group Inc.

Digital Brands Group Inc (NASDAQ:DBGI) shares are trading higher by 287% to $11.09 Tuesday morning. The company on Tuesday re-affirmed its fiscal year 2024 forecast, expecting revenue between $27 million and $30 million, internal free cash flow of $6 million to $7 million, and EBITDA of $1.5 million to $2.0 million.

The company also announced no equity offerings for 2024 and a reduction in operating costs by $1 million. CEO Hil Davis expressed commitment to shareholder growth, highlighting the company’s exploration of strategic alternatives to maximize shareholder value given its assets and operating forecast relative to market value.

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DBGI) Stock Is Popping Off>Full story available on Benzinga.com
Stock Information
Company Name: Digital Brands Group Inc.
Stock Symbol: DBGI
Market: NASDAQ
Website: digitalbrandsgroup.co
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