American firm Digital Brands Group’s revenue surges 6.8%

Digital Brands Group reported a 6.8 per cent revenue increase to $14.9 million in FY23, with gross margins rising to 43.9 per cent.
Administrative and general expenses and marketing expenses decreased, reducing the net loss per share to $20.46 from $1,233.10.
In Q4 FY23, revenues fell to $2.8 million, with a quarterly net loss per share of $8.76.

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