RTTNews | Sep 28, 2021 10:39AM EDT

10:38 Tuesday, September 28, 2021 (RTTNews.com) - Shares of curated collection of luxury lifestyle, digital-first brands, Digital Brands Group, Inc. (DBGI) are up more than 44% Tuesday morning after the company provided 2022 revenue outlook, significantly higher than 2021 guidance.

The company projected 2022 revenue in the range of $37.5 million to $42.5 million, an increase of 350% from 2021 revenue expectations.

"Our 2022 revenue guidance reflects the power of our brand portfolio, especially as we are able to benefit from the full year revenue contribution from our acquisitions in 2022," said Hil Davis, Chief Executive Officer of Digital Brands Group.

DBGI is at $4.25 currently. It has traded in the range of $2.32- $8.80 in the past 52 weeks.

Read the original article on RTTNews ( https://www.rttnews.com/3228805/digital-brands-group-surges-on-encouraging-revenue-outlook.aspx)

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