Overview

* Bark fiscal Q2 revenue exceeds guidance, despite a 15.2% yr/yr decline

* Adjusted EBITDA for fiscal Q2 misses analyst expectations

* Company repaid convertible notes, becoming debt-free, and extended $35 mln credit line

Outlook

* Company expects Q3 revenue between $101 mln and $104 mln

* BARK forecasts Q3 adjusted EBITDA between $(5) mln and $(1) mln

* Company not providing full-year guidance due to tariff uncertainties

Result Drivers

* DEBT REPAYMENT - Bark repaid $45 mln convertible note, becoming debt-free, enhancing financial stability

* SUBSCRIBER GROWTH - Efficient subscriber acquisition and improved retention contributed to revenue exceeding guidance

* COMMERCE AND AIR GROWTH - Commerce revenue grew 5.6% and BARK Air revenue increased 138%, supporting diversification strategy

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $107 mln $103.52

Revenue mln (3

Analysts

)

Q2 -$0.03

Adjusted

EPS

Q2 Net -$10.70

Income mln

Q2 Miss -$1.40 $367,670

Adjusted mln (3

EBITDA Analysts

)

Q2 Gross 57.90%

Margin

Q2 Gross $62 mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the miscellaneous specialty retailers peer group is "buy"

* Wall Street's median 12-month price target for Bark Inc ( BARK ) is $2.00, about 60.5% above its November 7 closing price of $0.79

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)