Sector: Consumer Non-Cyclicals | Industry: Personal Services |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 55 Francisco Street, Suite 360 SAN FRANCISCO CA 94133 |
Tel: | N/A |
Website: | https://wag.co |
IR: | See website |
Key People | ||
N/A |
Business Overview |
Wag! Group Co. is an online marketplace for pet care offering access to five-star dog walking, pet sitting, expert pet advice, wellness plans, and one-on-one training from its community of approximately 500,000 local pet caregivers nationwide. The Company develops and supports proprietary marketplace technologies available as a Website and mobile app (platform or marketplace) that enable Pet Parents (to connect with independent pet caregivers (PCGs) and third-party service and product partners to obtain pet services and products, including pet walking, sitting, boarding, pet insurance comparison, and food and treats. Its businesses include Wag Labs, Inc., a premier marketplace for offline pet services, such as dog walking and overnight boarding; Petted.com, which is an online comparison marketplace for pet insurance and wellness plans; and Dog Food Advisor, a marketplace for pet food and treat advice, as well as others ranging from early-stage to established businesses. |
Financial Overview |
For the three months ended 31 March 2024, Wag! Group Co revenues increased 13% to $23.2M. Net loss applicable to common stockholders increased 12% to $4.2M. Revenues reflect Wellness Revenue segment increase of 14% to $15.8M, Pet food & treats revenue segment increase of 55% to $2.1M. Higher net loss reflects Sales and marketing - Balancing value increase of 18% to $15.4M (expense). |
Employees: | 84 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $83.85M as of Mar 31, 2024 |
Annual revenue (TTM): | $86.51M as of Mar 31, 2024 |
EBITDA (TTM): | -$3.86M as of Mar 31, 2024 |
Net annual income (TTM): | -$13.77M as of Mar 31, 2024 |
Free cash flow (TTM): | -$3.37M as of Mar 31, 2024 |
Net Debt Last Fiscal Year: | $10.74M as of Mar 31, 2024 |
Shares outstanding: | 40,620,162 as of May 2, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |