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.

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 gross margin expansion sequentially. We continue to achieve operating leverage on our fixed cost of business through the increase in revenue growth and our gross margin expansion. We saw that the operating leverage significantly increased on both a year-over-year basis and a sequential basis. Please note, our second quarter only included two months of wholesale shipping across our wholesale brand as wholesale demand is not as strong in the June period. The majority of wholesale accounts only focused on the two months in this period.…

Sounds like there are no questions. So I appreciate everyone's time for this call. Hopefully you can see we continue to grow the business on the top-line, the gross margin line, and we are on a path to be profitable, which is very exciting, as we continue to scale this company. We look forward to both the Sundry acquisition and future acquisitions going forward. And thanks everyone for the time and have a great day. Thank you.

Thank you. This concludes today's conference. You may disconnect your lines at this time. Thank you for your participation.