earnings
confidence high
sentiment negative
materiality 0.80
BARK Q2 revenue up 39% to $120.2M, CFO resigns, FY22 guidance cut
Bark, Inc.
2022-Q2 EPS reported
-$0.13
revenue$237,768,000
- Revenue $120.2M (+39.1% YoY); gross margin 58.2% vs 59.7% prior year; DTC revenue +41.7%.
- Added ~271K active subscriptions, total 2.1M; LTV-to-CAC 4.9x, AOV record $29.73.
- Adjusted EBITDA loss $8.8M vs profit $1.1M; FY22 EBITDA guidance lowered to $(38-40)M from $(31)M.
- CFO John Toth resigns effective Nov 12; Howard Yeaton appointed interim CFO at $360k/yr.
- FY22 revenue guidance reduced ~2% to ~$506M from $516M due to freight congestion and rising shipping costs.