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Dec 31, 2023
Bark Q3 2024 Earnings Report
Reported strong customer acquisition, surpassed revenue guidance, improved gross margin, and cut Adjusted EBITDA loss in half.
Key Takeaways
BARK, Inc. reported Q3 2024 results with total revenue of $125.1 million, a gross margin of 61.8%, and a net loss improvement of 52.5% to $(10.1) million. The company generated $13.3 million in free cash flow and expects to be Adjusted EBITDA positive in Q4 2024.
Total revenue was $125.1 million, ahead of guidance but a 6.9% decrease year-over-year.
Gross margin increased by 210 basis points year-over-year to 61.8%.
Net loss improved 52.5% year-over-year to $(10.1) million.
Free cash flow was $13.3 million.
Bark
Bark
Bark Revenue by Segment
Forward Guidance
For the fiscal fourth quarter 2024, the Company expects total revenue of $118.4 to $123.8 million and Adjusted EBITDA of $1.0 million to $3.0 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income