DBGI - Digital Brands Group GAAP EPS of -$20.46 revenue of $3.4M
2023-04-17 16:39:59 ET
- Digital Brands Group press release ( NASDAQ: DBGI ): Q4 GAAP EPS of -$20.46.
- Revenue of $3.4M (-15.2% Y/Y).
- Due to this reclassification, gross margin was decreased by $1.2 million compared to $1.0 million a year ago
- G&A expenses were $3.1 million versus $2.5 million a year ago
- G&A expenses only increased $646,000, which resulted in a $6.4M increase in revenue
- G&A expenses are not normalized due to the suggestion of our audit firm to reclassify certain G&A expenses into cost of goods sold
- Due to this reclassification, G&A expenses were decreased by $1.2 million compared to $1.0 million a year ago
- Sales & Marketing expenses decreased $420,000 to $1.0 million from $1.4 million a year ago
- Sales and marketing expenses ratio was 7.0% compared to 18.5% a year ago
For further details see:
Digital Brands Group GAAP EPS of -$20.46, revenue of $3.4M