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Dec 31, 2022
Bark Q3 2023 Earnings Report
Announced cost reduction initiative expected to generate approximately $12 million of annual cost savings and achieved positive operating cash flow.
Key Takeaways
BARK, Inc. reported fiscal Q3 2023 revenue of $134.3 million, in line with guidance. The company achieved positive operating cash flow of $5.1 million and free cash flow of $331,000. They ended the quarter with $164.2 million in cash and cash equivalents.
Achieved positive operating cash flow of $5.1 million and free cash flow of $331,000.
Delivered fiscal Q3 2023 revenue of $134.3 million, in line with the Company's guidance.
Average order value was $33.10, up $2.00 compared to the same period last year.
Reported consolidated gross margin of nearly 60%, up 400 basis points year-over-year.
Bark
Bark
Bark Revenue by Segment
Revenue by Segment
Direct to Consumer Revenue
CapyFin.comCommerce Revenue
CapyFin.com Forward Guidance
For the fourth quarter of fiscal 2023, the Company expects total revenue of $121 million and Adjusted EBITDA of $(3.0) million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income