BARK, Inc. (NYSE:BARK) Q2 2023 Earnings Conference Call November 9, 2022 4:30 PM ET
Company Participants
Mike Mougias - Vice President of Investor Relations
Matt Meeker - Co-Founder and Chief Executive Officer
Howard Yeaton - Interim Chief Financial Officer
Conference Call Participants
Corey Grady - Jefferies
Maria Ripps - Canaccord
Operator
Good evening. Thank you for attending today's BARK's Second Quarter Fiscal Year 2023 Earnings Call. My name is Megan, and I'll be your moderator for today's call. All lines will be muted during the presentation portion of the call with an opportunity for questions and answers at the end. [Operator Instructions] I would now like to pass the conference over to our host, Mike Mougias, the Vice President of Investor Relations. Mike, please go ahead.
Mike Mougias
Good afternoon, everyone, and welcome to BARK's second quarter fiscal year 2023 earnings call. Joining me today are Matt Meeker, Co-Founder and CEO; and Howard Yeaton, Interim CFO. 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 on 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. Reconciliations 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 results last quarter highlight the significant progress we continue to make driving towards profitability and becoming cash flow positive. We delivered our strongest revenue quarter ever and our best adjusted EBITDA margin as a public company.
Total revenue in the fiscal second quarter was $143.8 million, a 20% improvement compared to the same period last year. Our healthy top line performance, coupled with continued cost efficiencies resulted in an adjusted EBITDA loss of $2 million, a $6.8 million improvement compared to the same period last year, an $11 million improvement from the previous quarter and $6 million ahead of our guidance for the quarter. We are thrilled with these results. And while we still have work to do, we are raising our full year adjusted EBITDA guidance for the second quarter in a row to negative $31 million.