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Wag! Group Co. - PET STOCK NEWS

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.

Wag! Group Co. (symbol: PET) is a prominent player in the pet care industry, known for its innovative marketplace technology platform. The company's primary service is an online and mobile app that connects pet parents with independent Pet Caregivers. This robust platform allows pet owners to request a variety of services, including dog walking, pet sitting, pet boarding, drop-in visits, and training sessions from licensed pet experts.

Wag! has made significant strides in ensuring the well-being of pets and convenience for pet owners. The company has introduced pet insurance comparison tools and pet wellness plans to help pet parents make informed decisions about their pets' health. Additionally, Wag! provides advice from certified pet experts, ensuring that users have access to professional guidance whenever needed.

The financial health of Wag! Group Co. is supported by strategic partnerships and continuous improvements in their service offerings. By leveraging cutting-edge technology, Wag! has created a seamless experience for pet owners and caregivers alike. The platform's user-friendly interface and comprehensive service listing make it a go-to solution for pet care needs.

The recent achievements of Wag! include expanding their service offerings and enhancing the user experience on their platform. The company remains committed to innovation and excellence in the pet care sector, continually striving to meet the evolving needs of pet owners and caregivers.

Overall, Wag! Group Co. stands out as a leader in the pet care industry, dedicated to providing quality services and fostering a community of happy pets and satisfied pet parents through its versatile and reliable technology platform.

News

Wag! To Report First Quarter 2024 Financial Results on May 9, 2024

Rhea-AI Summary
Wag! (Nasdaq: PET) will announce its first quarter 2024 financial results on May 9, 2024, followed by a conference call to discuss the results. Investors can join the call to listen to the discussion of the financial performance.
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Wag! Launches Furscription, a Revolutionary Software Solution to Solve the Veterinary Prescription Headache

Rhea-AI Summary
Wag! announces the launch of Furscription, a digital tool for veterinary clinics to streamline the prescription process, aiming to simplify prescription requests for veterinarians and pet parents. The product offers features like electronic prescriptions, streamlined communication, enhanced convenience, improved accuracy, and security. Furscription has garnered significant interest within the veterinary community and is set to launch in May 2024.
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Wag! Reports Record Fourth Quarter and Preliminary Full Year 2023 Results

Rhea-AI Summary
Wag! Group Co. (PET) reports record Q4 revenues of $21.7 million, up 27% YoY, and annual revenues of $83.9 million, up 53% YoY. Positive annual adjusted EBITDA of $0.7 million. Management approves up to $10 million debt pay down. 2024 guidance projects revenues of $105-115 million and adjusted EBITDA of $2-6 million.
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6.83%
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Wag! Acquires WoofWoofTV, a Leading Social Media Brand for Pet Lovers with 18m+ Followers

Rhea-AI Summary
Wag! (PET) has successfully completed the acquisition of WoofWoofTV, marking its entry into the distributed media space. WoofWoofTV has a massive annual reach of over 800 million on Instagram and Facebook, 5 million impressions on YouTube, and nearly 25 million unique viewers on Snap. This acquisition will provide Wag! with access to a significant audience of pet lovers, allowing the company to create compelling content for its social media platforms. CEO Garrett Smallwood expressed the company's commitment to enriching the lives of pets and their owners by providing premium care and engaging content.
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Wag! To Report Fourth Quarter and Full Year 2023 Financial Results on February 14, 2024

Rhea-AI Summary
Wag! (PET) will report Q4 and full year 2023 financial results on February 14, 2024, followed by a conference call. Investors and analysts can access the call and webcast online. A recorded replay will be available for 90 days.
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Wag! Pet Care Solutions Now Available through Bright Horizons

Rhea-AI Summary
Wag! (PET) partners with Bright Horizons to offer employer-sponsored pet care solutions to the modern U.S. pet household. The collaboration aims to provide on-demand pet care services, flexible scheduling, nationwide coverage, and seamless integration with Bright Horizons' existing Back-Up Care program, ultimately enhancing employee well-being and work-life balance.
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Wag! Reports Record Third Quarter 2023 Results

Rhea-AI Summary
Wag! Group Co. (Nasdaq: PET) achieves highest revenue quarter and adjusted EBITDA in company history, with a 318% YoY increase in adjusted EBITDA margin. The company also achieved record 632,000 platform participants in Q3 2023 and is focusing on product expansion and platform differentiation for long-term, profitable growth. Revenue guidance for Q4 2023 is $20 million, with adjusted EBITDA of $0.3 million, and for full year 2023, revenue is expected to be in the range of $80 million to $84 million, with adjusted EBITDA in the range of $0 million to $2 million.
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Wag! To Report Third Quarter 2023 Financial Results on November 8, 2023

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Wag! Group Co. to report third quarter 2023 financial results
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Wag! Announces Participation in Two Upcoming Investor Events

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Wag! (Nasdaq: PET) announces participation in Evercore ISI Virtual Pet Care Summit and Jefferies 2023 Virtual Pet Care & Wellness Conference.
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Wag! Reports Record Second Quarter 2023 Results

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Wag! Group Co. announces financial results for Q2 2023, with revenue increasing by 55% to $19.8 million compared to Q2 2022. Net loss was $3.9 million, and adjusted EBITDA improved to positive $0.1 million. The company reached a total of 549,000 Platform Participants in Q2 2023, and achieved its first adjusted EBITDA positive quarter. Wag! also raised its 2023 full-year adjusted EBITDA guidance.
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FAQ

What is the current stock price of Wag! Group Co. (PET)?

The current stock price of Wag! Group Co. (PET) is $0.706 as of November 1, 2024.

What is the market cap of Wag! Group Co. (PET)?

The market cap of Wag! Group Co. (PET) is approximately 34.4M.

What services does Wag! Group Co. provide?

Wag! offers dog walking, pet sitting, pet boarding, drop-in visits, pet training, pet insurance comparison tools, and pet wellness plans.

How can pet parents request services on Wag!?

Pet parents can request services via Wag!'s website or mobile app, which connects them with independent Pet Caregivers.

Does Wag! offer pet insurance?

Wag! provides pet insurance comparison tools to help pet parents choose the best insurance plan for their pets.

What is unique about Wag!'s platform?

Wag! offers a comprehensive marketplace with a wide range of pet care services and professional advice from licensed pet experts.

Is the Wag! platform user-friendly?

Yes, Wag! has designed a user-friendly interface on both its website and mobile app to provide a seamless experience for pet owners and caregivers.

Who are the Pet Caregivers on Wag!'s platform?

Pet Caregivers on Wag!'s platform are independent providers who offer various pet care services.

Can pet owners get professional advice on Wag!?

Yes, Wag! offers advice from licensed pet experts to help pet parents care for their pets.

What recent achievements has Wag! made?

Wag! has expanded its service offerings and enhanced the user experience on its platform.

Is Wag! Group Co. financially stable?

Yes, Wag! is supported by strategic partnerships and continuous improvements in their services, contributing to their financial stability.

How does Wag! ensure the well-being of pets?

Wag! provides a range of services, professional advice, and wellness plans to ensure the health and happiness of pets.

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Wag! Group Co.

Nasdaq:PET

PET Rankings

#5045 Ranked by Market Cap
N/A Ranked by Dividends

PET Stock Data

34.44M
48.81M
13.05%
56.6%
2.85%
Software - Application
Services-personal Services
Link
United States of America
SAN FRANCISCO