In This Story
BARK Inc. Class A (BARK-3.87%) has submitted its 10-Q filing for the quarterly period ended December 31, 2024.
The filing reports a total revenue of $126.4 million for the quarter, a slight increase from $125.1 million in the same quarter of the previous year. Direct to Consumer revenue decreased by 4.3% to $106.1 million, while Commerce revenue increased by 43.5% to $20.3 million.
Cost of revenue for the quarter was $47.2 million, compared to $47.8 million in the previous year. The company reported a gross profit of $79.3 million, up from $77.2 million in the previous year.
General and administrative expenses were $64.1 million, a decrease from $66.1 million in the prior year. Advertising and marketing expenses increased to $27.4 million from $25.1 million.
Net loss for the quarter was $11.5 million, compared to a net loss of $10.1 million in the previous year. The company reported an adjusted net loss of $3.9 million, compared to $8.6 million in the previous year.
Cash provided by operating activities was $3.2 million for the nine months ended December 31, 2024, while cash used in investing and financing activities was $4.4 million and $9.4 million, respectively.
As of December 31, 2024, BARK had cash and cash equivalents of $115.3 million. The company expects its cash and cash equivalents, together with cash provided by operating activities, to be sufficient to fund operations for at least the next 12 months.
The filing also discusses various risk factors, including reliance on third-party suppliers and logistics partners, potential impacts of global disruptions, and competition in the dog products and services retail industry.
BARK continues to focus on expanding its product offerings and maintaining customer engagement, while navigating challenges related to supply chain management and market competition.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the BARK Inc. Class A quarterly 10-Q report dated February 5, 2025. To report an error, please email earnings@qz.com.