Wag! Reports Record First Quarter 2024 Results [Yahoo! Finance]
Wag! Group Co. (PET)
Company Research
Source: Yahoo! Finance
Paid Down $5 Million of Debt Principal SAN FRANCISCO, May 09, 2024 BUSINESS WIRE )--Wag! Group Co. (the "Company" or "Wag!"; Nasdaq: PET), which strives to be the number one platform to solve the service, product, and wellness needs of the modern U.S. pet household, today announced financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights: Revenues increased 13% to $23.2 million, compared to $20.6 million in the first quarter of 2023, a quarterly revenue record – comprised of $5.3 million of Services revenue, $15.8 million of Wellness revenue, and $2.1 million of Pet Food & Treats revenue. Net loss was $4.2 million, compared to $3.8 million in the first quarter of 2023, driven by costs associated with $5 million debt principal pay down. Adjusted EBITDA improved to $0.2 million, compared to an Adjusted EBITDA loss of $0.4 million in the first quarter of 2023. Achieved positive cash flows from operating activities of $0.2 million. "Q1 mar
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PET
News
- Wag! Announces Participation in Upcoming Investor Events [Yahoo! Finance]Yahoo! Finance
- Wag! Announces Participation in Upcoming Investor EventsBusiness Wire
- Wag! Group Co. (NASDAQ: PET) is now covered by analysts at Lake Street Capital. They set a "buy" rating and a $4.00 price target on the stock.MarketBeat
- Wag! Group Co. (NASDAQ: PET) had its price target lowered by analysts at DA Davidson from $6.00 to $3.50. They now have a "buy" rating on the stock.MarketBeat
- Pet Sitting Market Trends Analysis Report 2024-2030, Featuring A Place for Rover, Pets at Home, Wag! Group, PetBacker, Careguide, Fetch! Pet Care, Holidog, PetSmart, Dogtopia and Swifto [Yahoo! Finance]Yahoo! Finance
PET
Earnings
- 5/9/24 - Miss
PET
Sec Filings
- 6/18/24 - Form 4
- 6/18/24 - Form 4
- 6/18/24 - Form 4
- PET's page on the SEC website