2024-02-22 12:39:37 ET
Summary
- BARK, Inc. has experienced a volatile journey with a 19.86% loss in stock value and an increase in short interest.
- The company's latest earnings call revealed mixed results, with EPS meeting expectations but a decrease in long-term demand prospects.
- BARK is expanding its treat offerings and has potential for growth in the pet care market, but it faces risks such as market volatility and competition.
Following BARK, Inc.'s (BARK) journey since my first bullish article eight months ago has been a volatile journey, to say the least. Since then, the stock has lost 19.86% of its value, and its short interest has increased from 10.07% to 16.24%. Unfortunately for the initial investors, Bark went public through an overvalued SPAC deal at $1.6 billion. When you choose to invest in this company, it's with the knowledge that TTM revenue is less than $500k and the company has yet to deliver profits. However, what attracted me was its well-liked brand and high customer retention rate, mentioned again in the latest Q3 2024 earnings call, and the fact that the company was broadening its TAM through various partnerships and retail agreements. Another confidence booster for me is that the CEO and CFO are invested in the business through a significant number of shares bought. ...
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BARK: Struggles With Declining Revenue And Postponed Profits