Welcome to our dedicated page for Wag! Group Co. news (Ticker: PET), a resource for investors and traders seeking the latest updates and insights on Wag! Group Co. stock.
News and filings for Wag! Group Co. (historically traded under the symbol PET) document a period of strategic activity, financial reporting, asset sales, and a court-supervised restructuring. The company’s press releases describe its focus on serving the service, product, and wellness needs of the modern U.S. pet household through the Wag! app and related digital properties such as Petted, Dog Food Advisor, WoofWoofTV, maxbone, and Furmacy.
Visitors to this news page can review company-issued announcements on quarterly and annual financial results, including revenue breakdowns across Services, Wellness, and Pet Food & Treats, as well as reported net loss and non‑GAAP metrics such as Adjusted EBITDA. Earnings releases also explain how the company defines key operating metrics like Platform Participants and describe trends in marketing spend, debt repayment, and cost management, based on the company’s own commentary.
In addition to earnings updates, Wag! Group Co. has published news about capital markets transactions and strategic steps. These include the pricing of an underwritten public offering of common stock, with stated plans to use net proceeds primarily to repay indebtedness, and the sale of its Furscription veterinary e‑prescription software business to MWI Veterinary Supply Co., with proceeds applied toward obligations under its financing agreement. Press materials also discuss a Board-led review of strategic alternatives, including potential investments, partnerships, sales, or mergers involving the company or its assets.
Later news and related Form 8‑K filings focus on the company’s recapitalization transaction with Retriever LLC and its voluntary Chapter 11 cases in the U.S. Bankruptcy Court for the District of Delaware. Releases describe a pre‑packaged plan of reorganization, debtor‑in‑possession financing, and an expected transition of ownership to Retriever. Subsequent disclosures report Nasdaq’s decision to delist the company’s securities and, ultimately, the confirmation and substantial consummation of a plan under which all pre‑bankruptcy common stock and other equity interests were cancelled and extinguished.
This page serves as an archive of company-generated news about PET, from operating and financial updates to restructuring milestones, allowing readers to follow the historical sequence of events as described by Wag! Group Co. in its own public communications.
Wag! Group Co. (NASDAQ: PET) has announced a definitive asset purchase agreement to acquire Dog Food Advisor assets for $9 million. The deal is expected to close in Q1 2023 and enables Wag! to enter the $50 billion pet food market. Dog Food Advisor, a trusted dog food marketplace, has a strong digital presence and attracts over 24 million pet owners annually. This acquisition aligns with Wag!'s strategic objectives of expansion and diversification, positioning it as a credible partner in pet care offerings.
Wag! Group Co. (NASDAQ: PET) announced that its management team will present at the 25th Annual ICR Conference on January 9, 2023, at 11:00 AM ET, in Orlando. The presentation will be webcast live on the Company's investor relations website, and an archived replay will be available later. Wag! aims to be the leading platform for pet care, offering services like dog walking, pet sitting, and insurance options. The Company has completed over 12 million pet care services nationwide and maintains a 96% 5-star rating.
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.
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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.
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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.