Wag! Group Co (OQ:PET)
Business Focus: Personal Services
| Sector: Consumer Non-Cyclicals | Industry: Personal Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 55 Francisco Street, Suite 360 SAN FRANCISCO CA 94133 |
| Tel: | N/A |
| Website: | https://wag.co |
| IR: | See website |
| Key People | ||
| N/A | ||
| Business Overview |
| Wag! Group Co. is an online marketplace for pet care offering access to five-star dog walking, pet sitting, expert pet advice, wellness plans, and one-on-one training from its community of approximately 500,000 local pet caregivers nationwide. The Company develops and supports proprietary marketplace technologies available as a Website and mobile app (platform or marketplace) that enable Pet Parents (to connect with independent pet caregivers (PCGs) and third-party service and product partners to obtain pet services and products, including pet walking, sitting, boarding, pet insurance comparison, and food and treats. Its businesses include Wag Labs, Inc., a premier marketplace for offline pet services, such as dog walking and overnight boarding; Petted.com, which is an online comparison marketplace for pet insurance and wellness plans; and Dog Food Advisor, a marketplace for pet food and treat advice, as well as others ranging from early-stage to established businesses. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Wag! Group Co revenues increased 53% to $83.9M. Net loss decreased 65% to $13.3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Stock-based Compensation in SGA decrease of 85% to $2.9M (expense), Change in fair value of derivative liabi decrease of 100% to $21K (expense). |
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