BARK, Inc. (NYSE:BARK) Q4 2022 Earnings Conference Call May 31, 2022 4:30 PM ET
Corporate Participants
Mike Mougias - Vice President, Investor Relations
Matt Meeker - Co-Founder and Chief Executive Officer
Howard Yeaton - Interim Chief Financial Officer
Conference Call Participants
Maria Ripps - Canaccord
Steph Wissink - Jefferies
Operator
Good afternoon. Thank you attending today’s BARK’s Fiscal Fourth Quarter and Full Year 2022 Earnings Call. My name is Hannah, and I will be your moderator for today’s call. [Operator Instructions].
I would now like to pass the conference over to our host, Mike Mougias, Vice President, Investor Relations. Please go ahead.
Mike Mougias
Good afternoon, everyone. And welcome to BARK’s fiscal fourth quarter and full year 2022 earnings call. Joining me today are Matt Meeker, Co-Founder and CEO; and Howard Yeaton. Interim CFO.
Today’s conference call is being webcast and 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 we begin, 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 also contained in this afternoon’s press release.
With that, let me now turn the call over to Matt.
Matt Meeker
Thanks, Mike, and good afternoon, everyone.
This past year was significant for BARK. Our customer base grew rapidly, we became great at cross-selling more products to our customers. And we launched new and innovative products that expanded our addressable market by at least 10x to over $40 billion.
We also took the company public and bulk up our balance sheet ending this year with $200 million in cash, putting us on solid footing for many years ahead. Over the past few years through the pandemic, we nearly doubled our customer base and the number of orders we ship and we increased the value of our customer by nearly $5 per unit shipped. While this growth is exciting. It also challenged us to scale in unprecedented ways. We made significant hires across our leadership team. We invested in our infrastructure, we upgraded our supply chain, and we entered the next fiscal year in a solid foundation with a path to profitability. We are now in position to become the preeminent dog company of the 21st century. So our best years are yet to come.