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Jun 30, 2023
Bark Q1 2024 Earnings Report
Reported first quarter fiscal year 2024 results.
Key Takeaways
BARK's first quarter fiscal year 2024 shows a revenue of $120.6 million, a gross margin increase to 60.6%, and a net loss improvement of 24.3% to $(11.7) million year-over-year. Adjusted EBITDA also improved by 43.0% versus last year.
Total revenue was $120.6 million, broadly in-line with guidance.
Consolidated gross margin increased 280 basis points to 60.6%, compared to last year.
Net Loss improved 24.3% to $(11.7) million, year-over-year.
Adjusted EBITDA was $(7.4) million, a 43.0% improvement versus last year.
Revenue by Segment
Forward Guidance
For the fiscal second quarter 2024, BARK expects total revenue of $123 to $127 million and Adjusted EBITDA of $(3) million to $(1) million. For the fiscal full year 2024, they expect total revenue of flat to (5)% year-over-year and Adjusted EBITDA of $(8) million to $2 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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