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Wag! Group (PET)
NASDAQ:PET
Holding PET?
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Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.08Last Year’s EPS
-0.09Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 10, 2022
|% Change Since: -60.61%
|Next Earnings Date:Aug 16, 2022
Earnings Call Sentiment|Neutral
The earnings call highlighted significant challenges in revenue and marketing efficiency due to changes in Google's search algorithms, leading to a decline in revenue and EBITDA. However, there was a notable recovery in the Wellness segment and debt reduction achievements, coupled with strategic cost-saving measures. The sentiment reflects cautious optimism with an expectation of improvement in the next quarter.Company Guidance
During the third quarter earnings call for Wag!, the company provided guidance highlighting several key metrics and strategic initiatives. The company's revenue for Q3 2024 was $13.2 million, marking a 39% decrease year-over-year, with Wellness contributing $6.5 million, services $5.4 million, and Pet Food & Treats $1.3 million. The adjusted EBITDA showed a loss of $1.9 million, impacted by nonrecurring expenses totaling $900,000, which included staffing and professional service fees. Despite challenges, particularly in the marketing domain due to changes in Google's search algorithm, the company anticipates a strong rebound in Q4 2024, projecting revenue between $15 million and $18 million and adjusted EBITDA ranging from a $0.5 million loss to a $0.5 million profit. Additionally, they reported a significant improvement in Wellness revenue, which grew by 79% month-over-month in October, and they are considering asset sales to manage debt, which was reduced by $5 million in Q3, lowering interest expenses by $0.5 million. The company is also focusing on strategic partnerships and reducing headcount by nine positions to enhance profitability.Wellness Revenue Rebound
Wellness revenue grew 79% month over month in October, indicating a strong recovery from Q3.
Debt Reduction and Interest Savings
Paid down $5 million in debt in Q3, resulting in $0.5 million interest savings in Q4 compared to the start of the year.
Cost Reduction and Efficiency
Eliminated 9 positions, expected to reduce total annualized operating costs by at least $2 million.
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PET Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PET Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $0.66 | $0.21 | -68.18% |
| Aug 07, 2024 | $1.03 | $1.03 | 0.00% |
| May 09, 2024 | $2.30 | $2.44 | +6.09% |
| Feb 14, 2024 | $2.05 | $2.19 | +6.83% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Wag! Group (PET) report earnings?
Wag! Group (PET) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is Wag! Group (PET) earnings time?
Wag! Group (PET) earnings time is at Feb 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PET EPS forecast?
PET EPS forecast for the fiscal quarter 2024 (Q4) is -0.08.
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