secwatch.observer — SEC 8-K summary
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Issuer:     Wag! Group Co. (—)
CIK:        0001842356
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001842356-24-000086
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wag! Q1 revenue record $23.2M (+13% YoY); positive EBITDA and cash flow
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- Revenue $23.2M (record), up 13% YoY; Services $5.3M, Wellness $15.8M, Pet Food & Treats $2.1M.
- Net loss $4.2M vs $3.8M; driven by $5M debt paydown with $0.7M non-cash/prepayment costs.
- Adjusted EBITDA improved to $0.2M from -$0.4M; positive operating cash flow $0.2M.
- Record 671,000 platform participants (+10% YoY); 78% of revenue B2B.
- Launched Furscription (vet e-prescribing) and WeCompare (auto insurance comparison); FY2024 guidance reaffirmed: revenue $105-115M, Adj. EBITDA $2-6M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1842356/000184235624000086/0001842356-24-000086-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1842356/000184235624000086/pet-20240509.htm
  HTML page:      https://secwatch.observer/filing/0001842356-24-000086

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