BARK Q2 FY2024 revenue down 14.4% to $123M; first positive Adj EBITDA; lowers FY guidance

Bark, Inc.

2024-Q2 EPS reported -$0.12 revenue$243,626,000

Revenue $123.0M, within guidance but down 14.4% YoY; DTC revenue fell 11.3% to $104.3M.
Gross margin improved 560bps to 61.5%; net loss improved 2.8% to $(10.3)M.
First positive Adjusted EBITDA quarter at $1.0M, $3M ahead of guidance mid-point.
Repurchased $45M of 2025 Convertible Notes at 6% discount, saving $5.5M future interest.
Lowered FY2024 guidance: revenue growth now (8)-(11)% (prior flat to (5)%), Adj EBITDA $(6)M-$(12)M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Bark, Inc. reported fiscal second quarter ended September 30, 2023 results: revenue $123.0 million, net income $(10.3) million. Guidance lowered.

Period: fiscal second quarter ended September 30, 2023
Revenue: $123.0 million
Net income: $(10.3) million
Guidance: lowered
Result: reported results

Exact text from the filing

dog brand with a mission to make all dogs happy, today announced its financial results for the fiscal second quarter ended September 30, 2023. Key Highlights • Total revenue was $123.0 million, within the Company's guidance range and a 14.4% decrease compared to the same period last year. • Consolidated gross margin increased 560 basis points to 61.5%, compared to the

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Source: SEC EDGAR

accession 0001819574-23-000039

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