Bark reports Q2 adjusted EPS (3c), consensus (1c)

Reports Q2 revenue $106.97M, consensus $103.57M. “Last week, we repaid our $45 million convertible note with cash on hand-making BARK (BARK) debt-free-and extended our $35 million line of credit to preserve flexibility. These actions strengthen our foundation and allow us to focus on what matters most-serving dog parents. Even in a noisy macro environment, we’re operating from a position of strength and building a healthier, more diversified company that continues to show up for dogs and their people in more ways than ever,” said Matt Meeker, co-Founder and CEO of Bark. “We’re delivering on our plan-to diversify our top line and remain disciplined on profitability. Last quarter, revenue exceeded our guidance range, while adjusted EBITDA was within expectations, even as we invested more in marketing to build on efficient subscriber growth and retention momentum. Our Commerce segment grew 6%, while BARK Air delivered its strongest quarter yet, showing the power of our strategy to meet dog parents wherever they are.”