Wag! Group Co. (NASDAQ:PET) Q2 2023 Results Conference Call August 8, 2023 4:30 PM ET
Company Participants
Dawn Francfort - IR
Garrett Smallwood - Chairman and CEO
Adam Storm - President and Chief Product Officer
Alec Davidian - CFO
Conference Call Participants
Jason Helfstein - Oppenheimer
Wyatt Swanson - D.A. Davidson
Matt Koranda - ROTH MKM
Jack Cole - Craig Hallum
Greg Pendy - Chardan
Operator
Good day, and thank you for standing by. Welcome to the Wag! 2Q '23 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised today's conference is being recorded.
I would now like to hand the conference over to your speaker today, Dawn Francfort. Please go ahead.
Dawn Francfort
Good afternoon, everyone, and thank you for joining Wag! conference call to discuss our second quarter 2023 financial results.
On the call today are Garrett Smallwood, Chief Executive Officer and Chairman; Adam Storm, President and Chief Product Officer; and Alec Davidian, Chief Financial Officer.
Before we get started, please note that today's comments include forward-looking statements. These forward-looking statements are subject to risks and uncertainties and involve factors that could cause actual results to differ materially from those expressed or implied by such statements. A discussion of these risks and uncertainties are included in the SEC filings.
Also, during the call, we may present both GAAP and non-GAAP financial measures. Reconciliations to the most directly comparable GAAP financial measures are available in our earnings release, which we issued today. The earnings release is available on the Investor Relations page of our website and is included in Exhibit and Form 8-K furnished to the SEC.
Lastly, you can find our earnings presentation posted on our IR website and with the SEC.
And with that, let me turn the call over to Garrett.
Garrett Smallwood
Good afternoon, and thank you for joining us today to discuss our financial performance for the second quarter of 2023.
We are excited to announce another successful quarter for the Wag! team, beating expectations for both revenue and adjusted EBITDA, while achieving our highest service revenue quarter to-date and our first quarter of adjusted EBITDA profitability. This quarter further demonstrates that we are transforming the pet industry by becoming an all-inclusive trusted partner for the premium pet parent and capitalizing on the secular growth of pet ownership. We remain laser-focused on profitability for the remainder of 2023 and balancing growth and profit for 2024.