Wag! Group Co. - PET STOCK NEWS

Wag! Group Co. (Nasdaq: PET) reported record financial results for Q4 and the full year 2022, marking significant growth. Q4 revenue surged 110% to $17.0 million, with a net income of $5.8 million compared to a net loss of $2.7 million in Q4 2021. For the full year, revenue increased 173% to $54.9 million, although net loss rose to $38.6 million due to transaction costs. The company announced a revised 2023 guidance, projecting revenue between $75 million and $77 million, a 7% increase from previous estimates, and adjusted EBITDA guidance improving significantly. Wag! is also expanding its product offerings and has successfully integrated recent acquisitions.

Wag! Group Co. (NASDAQ: PET) is set to announce its fourth quarter and full year 2022 financial results on February 21, 2023, after the market closes. The management will hold a conference call at 4:30 p.m. ET to discuss these results. Interested parties are encouraged to pre-register for the call. Following the call, an archived version will be available on Wag!'s investor relations page.

Wag! Group Co. (NASDAQ: PET) has successfully acquired Dog Food Advisor assets for $9 million, a strategic move to expand its presence in the pet food market. Dog Food Advisor, a trusted resource for dog food choices, aligns with Wag!'s mission to provide premium pet care services. This acquisition, previously announced on January 3, 2023, will enhance Wag!'s offerings and community engagement with pet owners. Wag! will update its 2023 financial outlook to include this acquisition during its fourth-quarter 2022 results release.

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.

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.