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Mar 31, 2023
Bark Q4 2023 Earnings Report
Reported fiscal fourth quarter and full year 2023 results.
Key Takeaways
BARK reported a 2% decrease in revenue year-over-year for the fiscal fourth quarter, but delivered fiscal year 2023 revenue of $535.3 million, a 5.5% increase year-over-year. The company saw improvements in gross margin and reduced its net loss compared to the previous year, and was free cash flow positive for the second quarter in a row.
Fiscal year 2023 revenue was $535.3 million, a 5.5% increase year-over-year.
Fiscal year 2023 consolidated gross margin increased 200 basis points to 57.6%.
Fourth quarter net cash provided by operating activities was $19.1 million, as compared to $(25.9) million in fiscal 2022.
The Company ended the quarter with $124.3 million of inventory and cash and cash equivalents of $177.9 million.
Revenue by Segment
Forward Guidance
For the fiscal first quarter 2024, BARK expects total revenue of $121 to $123 million and Adjusted EBITDA of $(11) to $(10) million. For the fiscal full year 2024, BARK expects 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
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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