Earnings Labs

Digital Brands Group, Inc. (DBGI)

Q1 2022 Earnings Call· Tue, May 17, 2022

$1.41

+2.17%

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Transcript

Operator

Operator

Greetings, welcome to Digital Brands Group First 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] Please note this conference is being recorded. I will now turn the conference over to Hil Davis, CEO. Thank you, you may begin.

Hil Davis

Analyst

Yes. Thank you very much, and good day and welcome to the Digital Brands first quarter 2022 earnings conference call. All participants will be in a listen-only mode. 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 statement is 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 assurance that the forward-looking information will prove to be accurate. The company will be hosting a Q&A session at the conclusion of prepared remarks. Please note that this event is being recorded. And that takes care of the legal part of the call. So let me start by saying we continue to build on our revenue growth from the fourth quarter and also leveraging our fixed operating leverage momentum from the fourth quarter, and that's both through the first quarter and through today. We believe this momentum is illustrated by our first quarter revenue growth of 740%, which is an increase from the 425% revenue growth we experienced in the fourth quarter of last year. We expect to continue to experience significant revenue growth year-over-year, throughout 2022, in addition to leveraging our fixed operating costs throughout 2022, as our fourth quarter and first quarter results illustrate. We believe 2021 was showing that we could acquire, integrate and grow the revenue…

Operator

Operator

Thank you. [Operator Instructions] There are no questions in the queue. So that will conclude today's conference. You may disconnect your lines at this time, and thank you for your participation.

Hil Davis

Analyst

Thanks, everyone.