secwatch.observer — SEC 8-K summary
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Issuer:     Bark, Inc. (BARK)
CIK:        0001819574
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001819574-24-000037
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BARK Q1 revenue $116.2M, record gross margin 63.0%, net loss narrows to $10M
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- Revenue of $116.2M, down 3.6% YoY but ahead of guidance ($113-116M); DTC revenue $107.1M (-4.3%), Commerce $9.2M (+5.2%).
- Record consolidated gross margin 63.0% (+248 bps YoY), driven by supplier consolidation and lower unit costs.
- Net loss improved 13.9% to $10.0M; Adjusted EBITDA $(1.8)M, beating guidance of $(4.0)-$(2.0)M, and $5.6M improvement YoY.
- Free cash flow $(0.3)M, $13.5M improvement YoY; cash balance $117.8M; inventory down $31.6M YoY.
- Reaffirmed FY2025 guidance: revenue $490-500M, Adjusted EBITDA $1-5M; launched on Chewy with best-selling toys.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819574/000181957424000037/0001819574-24-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819574/000181957424000037/bark-20240807.htm
  HTML page:      https://secwatch.observer/filing/0001819574-24-000037

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