Digital Brands Group's (DBGI) CEO Hil Davis on Q2 2022 Results - Earnings Call Transcript

Aug. 15, 2022 10:22 AM ETDigital Brands Group, Inc. (DBGI)
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Digital Brands Group, Inc. (NASDAQ:DBGI) Q2 2022 Earnings Conference Call August 15, 2022 8:30 AM ET

Company Participants

Hil Davis - CEO

Conference Call Participants

Operator

Greetings and welcome to Digital Brands Group, Inc. Second Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions]. As a reminder, this conference is being recorded.

I would now like to turn the conference over to your host, Mr. Hil Davis, Chief Executive Officer. Please go ahead, sir.

Hil Davis

Yes. Thank you very much, and good morning and welcome to the Digital Brands Group second quarter 2022 earnings conference call.

Just a usual legal disclaimer. This earnings call may contain forward-looking statements as defined in Section 27A of the Securities Act of 1933, as amended, including statements regarding among other things, the company's business strategy and growth strategy. Expressions which identify forward-looking statements speak only as of the date the statements are made.

These forward-looking statements are based largely on our company's expectations and are subject to a number of risks and uncertainties, some of which cannot be predicted or quantified and are beyond our control. Future developments and actual results could differ materially from those set forth and contemplated by or underlying the forward-looking statements.

In light of these risks and uncertainties, there can be no assurances that the forward-looking information will prove to be accurate. This company will be hosting a Q&A session at the conclusion of our prepared remarks. Please note this event is being recorded.

So with that, let me start by saying for the quarter we delivered strong top-line results of 273% year-over-year growth, along with very strong gross margins of 58.1%, which was an increase of 450% versus a year ago, an improvement of 15.2% in terms of

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