Dogness Stock Price, News & Analysis

Dogness (International) Corporation (NASDAQ: DOGZ) announced an expansion of its Smart Pet Products at a top pet retailer, enhancing its existing supplier relationship. CEO Silong Chen expressed optimism for 2022, highlighting the company's strong performance in the intelligent pet-tech and traditional pet categories. Dogness maintains a diversified sales platform with major customers including Petco, Walmart, and Amazon. The company is recognized for its quality through a fully integrated supply chain and extensive R&D, holding over 200 patents.

Dogness (International) Corporation (NASDAQ: DOGZ) announced that its Discover Smart GPS Pet Tracker is now the 2^nd most popular product in its category in China, just three weeks after launch. The tracker offers real-time positioning, long battery life, and advanced features like activity monitoring and virtual fences. Following its success in China, the company plans to expand to key global markets including North America, South America, Europe, and Japan. Chairman Silong Chen expressed confidence in the product's long-term sales potential and innovation in pet IoT solutions.

Dogness (International) Corporation (NASDAQ: DOGZ) announced an expansion of cooperation with a leading eCommerce company in China, which has over 500 million active customers. CEO Silong Chen expressed confidence in this partnership, emphasizing its role in enhancing logistics and supply chain efficiency. Dogness has built an integrated sales platform across various channels, including major customers like Petco and Walmart, as well as online platforms such as Amazon. The company focuses on quality products aimed at pet owners, supported by a strong vertical supply chain.

Dogness (International) Corporation (NASDAQ: DOGZ) announced that Argus Research has updated its Equity Research Report on the company. Key highlights include a return to profitability in fiscal 2021, driven by a 27% revenue growth, largely due to increased demand for smart pet products. Smart products now constitute 32.1% of revenues, contributing to a gross margin of 37.6%. The company has expanded its sales channels, partnering with major retailers like Target and Walmart. As of June 30, 2021, Dogness held $5.5 million in cash, along with $4 million raised in a recent equity offering.

Dogness (International) Corporation (NASDAQ: DOGZ) announced the successful completion of deliveries of its pet products to two leading warehouse retailers, marking a significant rollout across the U.S. The company is recognized for high-quality, durable pet-tech products. CEO Silong Chen highlighted the team's efforts to overcome supply chain challenges, ensuring timely delivery and contributing to a positive holiday shopping experience. Dogness has established a robust sales platform encompassing multiple major retailers and online platforms, positioning itself strongly in the pet products market.

Dogness (International) Corporation (NASDAQ: DOGZ) announced its pet products will be featured on a major retailer's TV shopping programs, potentially reaching millions daily. CEO Silong Chen highlighted this exposure as pivotal, likening it to the 'Super Bowl of retailing.' The company's products target both the intelligent pet-tech and traditional pet markets. Dogness boasts an extensive sales platform, serving customers like Petco, Walmart, and Amazon, with over 200 patents. The PR also mentions forward-looking statements regarding risks linked to market conditions and operational growth.

Dogness (International) Corporation (NASDAQ: DOGZ) has achieved a significant milestone by completing over $1 million in pet-tech shipments to a major U.S. retailer in preparation for the holiday season. The retailer will feature Dogness’ Smart CAM Treater in its holiday gift guide. CEO Silong Chen highlighted the increasing adoption of smart technologies in the retail sector and a 15% increase in order size. Dogness focuses on enhancing pet lifestyles through innovative products and maintains a robust supply chain to meet high customer demand.

Dogness reported a 26.9% year-over-year revenue increase to $24.3 million for the fiscal year ended June 30, 2021, driven by an 81.4% surge in intelligent pet product sales. Gross profit rose 282.8% to $9.1 million, resulting in a gross margin of 33.1%. The company achieved comprehensive income of $6.2 million, a stark recovery from a loss of $10.3 million the previous year. Earnings per share improved to $0.05 from a loss of $0.33. Despite challenges from global logistics, Dogness is optimistic about future growth.

Dogness (International) Corporation (NASDAQ: DOGZ) announced its partnership expansion with Boqii Holding Limited (NYSE: BQ) on September 23, 2021. This collaboration will allow Boqii to offer a range of Dogness' intelligent pet-tech products, such as Smart Fountains and Smart Feeders, in addition to its traditional offerings. The partnership highlights Dogness' commitment to enhancing pet health and quality of life. The company has a robust sales platform, with major clients including Petco, Walmart, and Amazon, aimed at leveraging Boqii's market presence in China's fast-growing pet sector.