Wag! Group Co. Stock Price, News & Analysis

Wag! Group Co. (NASDAQ: PET) reported a remarkable third quarter for 2022, achieving a 161% increase in revenue to $15.4 million, up from $5.9 million a year ago. Despite a net loss of $(40.9) million, the company noted a substantial improvement in adjusted EBITDA loss to $(0.5) million, compared to $(2.6) million in Q3 2021. Wag! also raised its full-year guidance, expecting revenue between $51 million to $52 million and an improved adjusted EBITDA loss of $5 million to $6 million. The company continues to expand its platform, with significant growth in active users and service offerings.

Wag! Group Co. (NASDAQ: PET) announced it will report its third quarter 2022 financial results on November 10, 2022, post-market close. A conference call will take place at 4:30 p.m. ET, enabling management to discuss the results in detail. Wag! operates a mobile-first platform for pet services, offering on-demand dog walking, training, and other essential care. With over 12 million services completed nationwide, Wag! has built a strong reputation, boasting a 96% 5-star service rating. The call will be accessible via pre-registration or live webcast, with an archived version available afterward.

Wag! Group Co. (NASDAQ: PET) announced that CEO Garrett Smallwood and President Adam Storm will present virtually at the 2nd Annual Jefferies Global Pet Care & Wellness Conference on September 22, 2022, at 9:00 a.m. ET. The presentation will be available for live viewing on the Company’s investor relations website and will include a replay post-event. Wag! operates a mobile-first platform for on-demand pet services, having completed over 12 million pet services nationwide with a 96% 5-star rating from users.

Wag! (NASDAQ: PET) partners with Babylist to enhance support for expecting families. Starting today, parents creating a baby registry on Babylist can enjoy a free month of Wag! Premium membership, providing 10% off services and 24/7 pet care advice. Registrants will also receive a $20 discount on their first Wag! service, promoting easier transitions for families with pets. Babylist has served over 8 million people annually, while Wag! boasts over $325 million in total bookings, catering to the growing need for integrated baby and pet care solutions.

Wag! Group Co. (NASDAQ: PET) has launched its Premium Benefits Center, enhancing its Wag! Premium subscription service. This new center provides subscribers with exclusive discounts on essential pet care products from brands like Nom Nom and Angry Orange. As of June 30, 2022, 50% of active pet parents were Wag! Premium subscribers. Benefits include 60% off the first order of dog food and 10% off pet care services. Wag! aims to ease pet care challenges for the 76.5% of pet parents concerned about returning to office settings.

Wag! Group Co. (NASDAQ: PET) reported a remarkable 256% year-over-year revenue growth, totaling $12.8 million for Q2 2022, compared to $3.6 million in Q2 2021. The company's net loss narrowed to $(1.1) million, down from $(2.4) million in the prior year. Adjusted EBITDA losses also improved to $(0.9) million.

The company raised its full-year revenue guidance to $47.5 million to $49.0 million and adjusted EBITDA loss guidance to $(8.0) million to $(10.0) million, indicating strong performance.

Wag! Group Co. (NASDAQ: PET) announced a rescheduling of its second quarter 2022 earnings conference call to August 16, 2022, at 8:00 a.m. ET. The call will not change in format, allowing stakeholders to access it online or via phone as previously arranged. Wag! serves as a pet services marketplace, providing dog walking, training, and care services through its mobile technology platform. The company has completed over 12.1 million pet care services with total bookings exceeding $325 million, maintaining a 5-star service rating in over 96% of cases.