Wag! Group Co. (PET) has disclosed a new risk, in the Demand category.
Wag! Group Co. faces significant business risk due to its dependence on a limited customer base for a substantial share of its revenues. Notably, in the fiscal year ending December 31, 2023, just two clients from its Wag! Wellness segment contributed to 36% of the company’s total earnings. This concentration heightens the potential impact of revenue fluctuations or the loss of these key customers, which could severely undermine Wag! Group Co.’s operational performance, financial stability, and cash flow, with limited ability to compensate through new or existing customer revenue streams.
The average PET stock price target is $5.50, implying 175.00% upside potential.
To learn more about Wag! Group Co.’s risk factors, click here.
