Wag! Reports Second Quarter 2024 Results
Wag! Group Co. (PET)
Company Research
Source: Business Wire
Quarterly Net Loss of $2.3 MillionAchieved Record Quarterly Adjusted EBITDA of $1.6 Million SAN FRANCISCO--(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 second quarter ended June 30, 2024.Second Quarter 2024 Highlights:Revenues decreased 6% to $18.7 million, compared to $19.8 million in the second quarter of 2023 – comprised of $5.6 million of Services revenue, $11.5 million of Wellness revenue, and $1.5 million of Pet Food & Treats revenue.Net loss improved to $2.3 million, compared to $3.9 million in the second quarter of 2023.Adjusted EBITDA improved to $1.6 million, compared to $0.1 million in the second quarter of 2023."Our Q2 results were highly intentional, as we scaled back on Sales & Marketing spend to increase near-term profitability while we focus on addressing our debt obligati
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PET
News
- Wag! Group Second Quarter 2024 Earnings: EPS Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Wag! Group Co. (NASDAQ: PET) had its price target lowered by analysts at Oppenheimer Holdings Inc. from $6.00 to $3.00. They now have an "outperform" rating on the stock.MarketBeat
- Wag! Group Co.'s (NASDAQ:PET) Path To Profitability [Yahoo! Finance]Yahoo! Finance
- Wag! Group Co. (PET) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release [Yahoo! Finance]Yahoo! Finance
- Wag! To Report Second Quarter 2024 Financial Results on August 7, 2024Business Wire
PET
Earnings
- 8/7/24 - Miss
PET
Sec Filings
- 9/12/24 - Form 4
- 9/12/24 - Form 4
- 9/12/24 - Form 4
- PET's page on the SEC website