BARK - BARK: 'Show Me' Story Is Improving Path To Profitability In Sight

2024-03-08 02:19:37 ET

Summary

• The company's financial strength is notable, with about 40% of its market cap in net cash.
• Despite concerns about the sustainability of free cash flow from inventory liquidation, BARK doesn't exhibit significant cash flow challenges.
• Evidenced by improving EBITDA margins, from negative 3% in fiscal Q4 2023 to an expected 2% in Q4 2024, BARK appears on a trajectory toward profitability.

Investment Thesis

BARK, Inc. ( BARK ) is starting to regain its footing, even though this investment thesis is demonstrably not blemish-free, and is led by a management team that has misfired on many occasions in the past....

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