BARK, Inc. (NYSE:BARK) Q2 2024 Earnings Conference Call November 8, 2023 4:30 PM ET

Company Participants

Mike Mougias - Vice President, Investor Relations

Matt Meeker - Co-Founder and Chief Executive Officer

Zahir Ibrahim - Chief Financial Officer

Conference Call Participants

Maria Ripps - Canaccord Genuity

Ryan Meyers - Lake Street Capital Markets

Ygal Arounian - Citigroup

Max Rakhlenko - TD Cowen

Operator

Ladies and gentlemen, good afternoon. My name is Abby and I’ll be your conference operator today. At this time, I would like to welcome everyone to BARK’s Second Quarter Fiscal 2024 Earnings Conference Call. Today’s call is being recorded and all lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions] Thank you. And I will now turn the conference over to Mike Mougias, Vice President of Investor Relations. You may begin.

Mike Mougias

Good afternoon, everyone and welcome to BARK’s second 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 on our Investor Relations website.

Before I pass it over to Matt, I would like to remind you with 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 second quarter results highlight the significant progress we continue to make in improving our long-term profitability outlook. Last quarter, we delivered positive adjusted EBITDA of $1 million, surpassing our guidance range and marking our first positive EBITDA quarter as a public company. We also achieved another period of positive free cash flow, which came in at just under $1 million.