BARK, Inc. (NYSE:BARK) Q1 2024 Results Conference Call August 8, 2023 4:30 PM ET
Company Participants
Mike Mougias - VP, IR
Matt Meeker - Co-Founder, CEO
Zahir Ibrahim - CFO
Conference Call Participants
Maria Ripps - Canaccord
Ryan Meyers - Lake Street Capital Markets
Ygal Arounian - Citi
Max Rakhlenko - TD Cowen
Operator
Good morning, good afternoon, and good evening. My name is Robert McArthur, I'll be your conference operator today. At this time, I'd like to welcome everyone to BARK's Fiscal First Quarter 2024 Conference Call. All lines will be mute to prevent any background noise. After the speakers' remarks there will be a questions-and-answers session. [Operator Instructions].
And now we'll turn the call over to Mike Mougias, Vice President, Investor Relations.
Mike Mougias
Good afternoon, everyone, and welcome to BARK's first quarter fiscal year 2024 earnings call. Joining me today are Matt Meeker, Co-Founder and CEO; 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 in our Investor Relations website.
Before I pass it over to Matt, I would like 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 are subject to risks and uncertainties that could cause actual future results and outcomes to differ. Please refer to our SEC filings for more information on some of the factors that could affect our future results and outcomes.
Also during today's call, we will discuss certain non-GAAP financial measures. Reconciliation to our non-GAAP financial measures is contained in this afternoon's press release.
And with that, let me now pass it over to Matt.
Matt Meeker
Thanks, Mike, and good afternoon, everyone. Our last call we discuss the substantial progress we've made an improving our unit economics strengthening the long-term financial health of our business. These efforts coupled with our continued expansion in the large camp categories by consumables and the progress we've made unify in our platform, made us a stronger and more dynamic company as we entered fiscal '24. I'm pleased to report that the year is off to a solid start.
At a headline level, we delivered $121 million of total revenue and recorded a 280-basis point improvement in our gross margin, reaching 61% in the quarter. Our first quarter exceeding 60% as a public company. Our adjusted EBITDA loss was $7 million, a 43% improvement compared to last year and ahead of our guidance.