Bark Sees Q1 2024 Revenue $121M-$123M Vs. $126.95M Est; Adj EBITDA $(11M)-$(10M)
Portfolio Pulse from Benzinga Newsdesk
Bark, a pet products company, projects Q1 2024 revenue of $121M-$123M, lower than the estimated $126.95M. The company also expects an adjusted EBITDA of $(11M)-$(10M).
June 01, 2023 | 8:06 pm
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Bark's Q1 2024 revenue projection of $121M-$123M is lower than the estimated $126.95M, and the company expects an adjusted EBITDA of $(11M)-$(10M).
Bark's lower-than-expected revenue projection for Q1 2024 and negative adjusted EBITDA may negatively impact the stock price in the short term, as investors may perceive this as a sign of underperformance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100