BARK beats Q3 revenue guidance, guides to positive EBITDA in Q4 FY2024

Bark, Inc.

2024-Q3 EPS reported -$0.18 revenue$368,700,000

Revenue $125.1M, down 6.9% YoY but above high end of guidance; gross margin 61.8% (+210 bps YoY).
Net loss improved to $(10.1)M from $(21.3)M YoY; Adjusted EBITDA loss $(6.4)M, improved $6.4M YoY.
Generated $13.3M free cash flow; repurchased $45M of convertible notes at 6% discount.
Guides Q4 FY2024 Adjusted EBITDA positive $1.0M-$3.0M; full-year revenue growth revised to (8)%-(9)%.

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 third quarter ended December 31, 2023 results: revenue $125.1 million, net income $(10.1) million.

Period: fiscal third quarter ended December 31, 2023
Revenue: $125.1 million
Net income: $(10.1) million
Result: reported results

Exact text from the filing

On February 7, 2024, BARK, Inc. (the “Company”) issued a press release announcing its financial results for its fiscal third quarter ended December 31, 2023.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Bark, Inc. reported fiscal third quarter ended December 31, 2023 results: revenue $125.1 million, net income $(10.1) million.

Period: fiscal third quarter ended December 31, 2023
Revenue: $125.1 million
Net income: $(10.1) million
Result: reported results

Exact text from the filing

Key Highlights • Total revenue was $125.1 million, ahead of the high-end of the Company's guidance range and a 6.9% decrease compared to the same period last year.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Bark, Inc. updated its fiscal full year 2024 guidance (reaffirmed).

Period: fiscal full year 2024
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

For the fiscal full year 2024, the Company expects: • Total revenue growth of (8)% to (9)% year-over-year, revised from its prior guidance of (8)% to (11)%

View on SEC.gov

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Bark, Inc. filing history →

Source: SEC EDGAR

accession 0001819574-24-000011

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