Wag! | 8-K: FY2025 Q1 Revenue Misses Estimate at USD 15.17 M
I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2025 Q1, the actual value is USD 15.17 M, missing the estimate of USD 19.3 M.
EPS: As of FY2025 Q1, the actual value is USD -0.1, missing the estimate of USD -0.07.
Segment Revenue
- Total revenue for the first quarter of 2025 was $15.2 million, a decrease from $23.2 million in the first quarter of 2024. This revenue was comprised of $4.9 million from Services, $9.2 million from Wellness, and $1.1 million from Pet Food & Treats.
Operational Metrics
- Net loss for the first quarter of 2025 was $4.9 million, compared to a net loss of $4.2 million in the first quarter of 2024.
- Adjusted EBITDA loss was $1.2 million, compared to a positive Adjusted EBITDA of $0.2 million in the first quarter of 2024.
- Total costs and expenses for the first quarter of 2025 were $18.9 million, down from $25.0 million in the first quarter of 2024.
Cash Flow
- Net cash provided by operating activities was $1.4 million for the first quarter of 2025, compared to $0.2 million in the first quarter of 2024.
- Net cash used in investing activities was - $0.4 million, compared to - $0.3 million in the first quarter of 2024.
- Net cash used in financing activities was - $0.5 million, compared to - $5.6 million in the first quarter of 2024.
Unique Metrics
- Platform Participants decreased to 472 as of March 31, 2025, from 671 as of March 31, 2024.
Outlook / Guidance
- For the full year 2025, Wag! Group Co. expects revenue in the range of $84 million to $88 million and Adjusted EBITDA in the range of $2.0 million to $4.0 million.