Wag! Reports Third Quarter 2024 Results
Wag! Group Co. (PET)
Company Research
Source: GlobeNewswire
SAN FRANCISCO, Nov. 13, 2024 (GLOBE NEWSWIRE) -- 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 third quarter ended September 30, 2024. Third Quarter 2024 Highlights: Revenues decreased 39% to $13.2 million, compared to $21.8 million in the third quarter of 2023 – comprised of $5.4 million of Services revenue, $6.5 million of Wellness revenue, and $1.3 million of Pet Food & Treats revenue.Net loss was $6.3 million, compared to $2.2 million in the third quarter of 2023.Adjusted EBITDA loss was $1.9 million, compared to positive Adjusted EBITDA of $1.0 million in the third quarter of 2023. “Our third quarter results were impacted by a highly dynamic marketing environment resulting in less efficient marketing spend in our Wellness and Pet Food & Treats businesses,” said Garrett Smallwood, CEO and
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PET
News
- Wag! Group Third Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Wag! Group Co. (NASDAQ: PET) was downgraded by analysts at Lake Street Capital from a "strong-buy" rating to a "hold" rating.MarketBeat
- Wag! Group Co. (NASDAQ:PET) Analysts Just Slashed Next Year's Estimates [Yahoo! Finance]Yahoo! Finance
- 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) Q3 2024 Earnings Call Highlights: Navigating Challenges and Exploring New ... [Yahoo! Finance]Yahoo! Finance
PET
Earnings
- 11/13/24 - Miss
PET
Sec Filings
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- PET's page on the SEC website