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Stock impact report

BARK Reports Third Quarter Fiscal Year 2024 Results [Yahoo! Finance]

BARK, Inc. Class A (BARK) 
Company Research Source: Yahoo! Finance
to make all dogs happy, today announced its financial results for the fiscal third quarter ended December 31, 2023. 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. Consolidated gross margin was 61.8%, a 210 basis point increase compared to the same period last year and a 610 basis point improvement versus the third quarter of fiscal 2022. Net loss improved 52.5% to $(10.1) million, year-over-year. Adjusted EBITDA was $(6.4) million, the midpoint of the Company's guidance range and a $6.4 million improvement versus last year. Net cash provided by operating activities was $15.0 million and free cash flow was $13.3 million. "Our results last quarter highlight the significant strides we've made as a public company. We delivered our strongest customer acquisition quarter in two years, surpassed the high-end of our revenue guidance range, and improved our gross mar Show less Read more
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