BARK, Inc. (NYSE:BARK) Q4 2024 Earnings Call Transcript June 3, 2024 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

Ryan Meyers - Lake Street Capital Markets
Maria Ripps - Canaccord Genuity
Ygal Arounian - Citigroup

Operator

Good afternoon, and welcome to the BARK Fiscal Fourth Quarter and Full Year 2024 Earnings Conference Call. Please note that this call is being recorded. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. [Operator Instructions]

I will now turn the call over to 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 2024 earnings call. Joining me today are Matt Meeker, Co-Founder and Chief Executive Officer; 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 the Investor Relations website.

Before I pass it over to Matt, I want 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. We will also discuss certain non-GAAP financial measures on today's call. Reconciliation of 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. Today's call marks a meaningful milestone for BARK. Just over two years ago, when I returned to the CEO role, the company was burning significant cash, had poor unit economics, a bloated organization, and did not have growth momentum. Today I'm proud to share that BARK is back. The team should be proud and I'm proud of them for putting BARK on a solid path to profitability as we improve margins through supply chain mix and organizational changes. Collectively, this has resulted in a strong balance sheet as we improve our working capital, while driving towards profitability. We're now positioned to accelerate growth supported by an A-plus senior management team.