Wag! Group Co. (NASDAQ:PET) Q3 2022 Earnings Conference Call November 10, 2022 4:30 PM ET

Company Participants

Garrett Smallwood - Chief Executive Officer and Chairman

Adam Storm - President and Chief Product Officer

Alec Davidian - Chief Financial Officer

Conference Call Participants

Jeremy Hamblin - Craig-Hallum

Matt Koranda - ROTH

Rohit Kulkarni - MKM Partners

Brian Dobson - Chardan

Jason Helfstein - Oppenheimer

Operator

Ladies and gentlemen, thank you for standing by and welcome to the Wag Third Quarter 2022 Earnings Call. [Operator Instructions]

I want to like turn the call over to your host Dawn Frankfort [Phonetic], you may begin.

Unidentified Company Representative

Good afternoon, everyone, and thank you for joining Wag’s conference call to discuss our third quarter 2022 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 our SEC filings.

Also, during the call, we may present both GAAP and non-GAAP financial measure. 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 as an exhibit in the 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

Thanks, Dawn. Good afternoon, everyone, and thank you for joining us to discuss our third quarter 2022 performance. We had another record quarter with revenue of approximately 161% to 15.4 million from the prior year and adjusted EBITDA loss improving to 461,000 from the last quarter, which was only possible with the hard work of our team at Wag. Our performance this quarter is a testament to our value proposition and the non-discretionary pet care industry and our ability to build upon our growth in the years ahead. We'll be discussing our financial results for the third quarter, as well as reiterating our compelling growth strategy that positions us to deliver predictable and sustainable financial performance for the remainder of 2022 and beyond. After another exceptional quarter, we are raising our 2022 guidance for both revenue and adjusted EBITA.