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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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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