Digital Brands Group (DBGI) Reports Q3 Loss of $0.76
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Digital Brands Group Reports Third Quarter 2021 Financial Results
November 11, 2021 5:30 PM ESTAUSTIN, Texas, Nov. 11, 2021 /PRNewswire/ -- Digital Brands Group, Inc. ("DBG")  (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today reported financial results for its third quarter ended September 30, 2021.Â
Third quarter 2021 net revenue increased 75% year over year to $2.2 million versus $1.2 million a year ago. Our gross profit margin increased 96% year over year to 55.9% from negative 40.1% a year ago, an increase of $1.7 million in gross profit dollars.
Our net loss per diluted share was $0.76 versus a net loss of $5.89 per diluted share a year ago, an improvement of 677%... More
