Overview
Bark fiscal Q2 revenue exceeds guidance, despite a 15.2% yr/yr decline
Adjusted EBITDA for fiscal Q2 misses analyst expectations
Company repaid convertible notes, becoming debt-free, and extended $35 mln credit line
Outlook
Company expects Q3 revenue between $101 mln and $104 mln
BARK forecasts Q3 adjusted EBITDA between $(5) mln and $(1) mln
Company not providing full-year guidance due to tariff uncertainties
Result Drivers
DEBT REPAYMENT - Bark repaid $45 mln convertible note, becoming debt-free, enhancing financial stability
SUBSCRIBER GROWTH - Efficient subscriber acquisition and improved retention contributed to revenue exceeding guidance
COMMERCE AND AIR GROWTH - Commerce revenue grew 5.6% and BARK Air revenue increased 138%, supporting diversification strategy
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $107 mln | $103.52 mln (3 Analysts) |
Q2 Adjusted EPS | -$0.03 | ||
Q2 Net Income | -$10.70 mln | ||
Q2 Adjusted EBITDA | Miss | -$1.40 mln | $367,670 (3 Analysts) |
Q2 Gross Margin | 57.90% | ||
Q2 Gross Profit | $62 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the miscellaneous specialty retailers peer group is "buy"
Wall Street's median 12-month price target for Bark Inc is $2.00, about 60.5% above its November 7 closing price of $0.79
Press Release: ID:nBw7h44sZa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)