Wag Group Co (PET) Q3 2024 Earnings Call Highlights: Navigating Challenges and Exploring New ... [Yahoo! Finance]
Wag! Group Co. (PET)
Company Research
Source: Yahoo! Finance
Wag Group Co ( NASDAQ:PET ) reported a strong recovery in wellness revenue, with a 79% month-over-month growth in October. The company successfully paid down $5 million in debt during the third quarter, reducing interest expenses by $0.5 million in the fourth quarter. Wag Group Co ( NASDAQ:PET ) is actively exploring asset sales to address debt issues, which could benefit the company and shareholders. The company is launching a new prescription management software for the veterinary industry in Q1 2025, which has attracted significant interest. Despite challenges, the underlying metrics of Wag Group Co ( NASDAQ:PET )'s business lines remain strong, with new user cohorts reaching all-time highs for lifetime value. Wag Group Co ( NASDAQ:PET ) experienced a 39% year-over-year decline in revenue for Q3, totaling $13.2 million. The company faced a challenging marketing environment, leading to inefficient marketing spend and increased customer acquisition costs. Adjusted EBIT
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PET
News
- Wag! Group Co. (NASDAQ: PET) was downgraded by analysts at Craig Hallum from a "buy" rating to a "hold" rating.MarketBeat
- Wag! Group Co. (PET) Reports Q3 Loss, Lags Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- Wag! Reports Third Quarter 2024 ResultsGlobeNewswire
- Wag! To Report Third Quarter 2024 Financial Results on November 13, 2024GlobeNewswire
PET
Earnings
- 11/13/24 - Miss
PET
Sec Filings
- 11/13/24 - Form 10-Q
- 11/13/24 - Form 8-K
- 11/12/24 - Form SC
- PET's page on the SEC website