Q4 2024 Bark Inc Earnings Call Transcript
Key Points
- Gross margin improved by 600 basis points to 61.6% this year.
- Shipping and fulfillment expenses decreased by nearly 300 basis points.
- Adjusted EBITDA improved by $47 million, from a loss of $57.8 million to a loss of $10.6 million.
- Free cash flow improved by over $190 million to negative $2.8 million this year.
- Ended the year with $125 million of cash on hand.
- Total fourth quarter revenue was down 3.6% compared to last year.
- Direct to consumer revenue was down 5.9% year over year.
- Total revenue for the year was down 8.4%.
- Commerce revenue was down 15% to $53.7 million.
- Guidance for Q1 revenue is expected to be down from last year.
Good afternoon, and welcome to the BARK fiscal fourth quarter and full year 2024 earnings conference call. Please note that this call is being recorded. (Operator Instructions)
I will now turn the call over to Mike Mougias, Vice President, Investor Relations. Please go ahead.
Good afternoon, everyone, and welcome to BARK's fiscal fourth quarter and full year 2024 earnings call. Joining me today are Matt Meeker, Co-Founder and Chief Executive Officer; and Zahir Ibrahim, Chief Financial Officer.
Today's conference call is being webcast in its entirety on our website, and a replay of the webcast will be made available shortly after the call. Additionally, a press release covering the company's financial results was issued this afternoon and can be found on the Investor Relations website.
Before I pass it over to Matt, I want to remind you of the following information regarding forward-looking statements. The statements made on today's call are based on management's current expectations and
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