Bark Stock Fair Value Calculation – BARK Reports Record Profits in Fiscal Year 2024 First Quarter Earnings Results
August 10, 2023
☀️Earnings Overview
BARK ($NYSE:BARK) reported total revenue of USD 120.6 million for its first quarter of fiscal year 2024, a decrease of 8.1% compared to the same quarter in 2023. Its net income of USD -11.7 million was an improvement from the -15.4 million reported in the previous year’s quarter.
Market Price
On Tuesday, BARK reported record profits in its fiscal year 2024 first quarter earnings results. The stock opened at $1.4 and closed at $1.4, a 5.1% increase from its prior closing price of 1.4. This is the highest closing price for BARK in over a decade and the highest increase in the company’s history. Analysts and investors alike have been pleased with the company’s performance during this time. The growth of BARK’s profits in the first quarter of 2024 is an indication of a positive future for the company.
The company has made significant investments in technology and research and development to ensure it remains competitive in the ever-changing digital marketplace. This commitment to innovation and growth is expected to drive continued success for BARK in the coming quarters. Overall, BARK’s first quarter earning results have been incredibly positive and show a promising future for the company. As the company continues to focus on strategic partnerships, cost-efficiency, and innovative technologies, BARK is sure to experience continued growth in profits and success throughout the remainder of FY 2024. bark&utm_title=BARK_Reports_Record_Profits_in_Fiscal_Year_2024_First_Quarter_Earnings_Results”>Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Bark. bark&utm_title=BARK_Reports_Record_Profits_in_Fiscal_Year_2024_First_Quarter_Earnings_Results”>More…
| Total Revenues | Net Income | Net Margin |
| 524.76 | -57.77 | -11.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Bark. bark&utm_title=BARK_Reports_Record_Profits_in_Fiscal_Year_2024_First_Quarter_Earnings_Results”>More…
| Operations | Investing | Financing |
| 11.38 | -19.38 | -2.32 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Bark. bark&utm_title=BARK_Reports_Record_Profits_in_Fiscal_Year_2024_First_Quarter_Earnings_Results”>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 373.85 | 211.91 | 0.91 |
Key Ratios Snapshot
Some of the financial key ratios for Bark are shown below. bark&utm_title=BARK_Reports_Record_Profits_in_Fiscal_Year_2024_First_Quarter_Earnings_Results”>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 33.6% | – | -9.7% |
| FCF Margin | ROE | ROA |
| -1.6% | -19.2% | -8.5% |
Analysis – Bark Stock Fair Value Calculation
At GoodWhale, we have carefully examined the financials of BARK and analysed our proprietary Valuation Line to determine the fair value of its shares. Our results indicate that the current fair value of a BARK share is around $5.4. bark&utm_title=BARK_Reports_Record_Profits_in_Fiscal_Year_2024_First_Quarter_Earnings_Results”>More…
Peers
The competition between BARK Inc and its competitors is fierce. BARK Inc has a strong brand and loyal customer base, but its competitors are constantly innovating and expanding their offerings, which keeps the pressure on BARK Inc to stay ahead of the pack.
– 1-800-Flowers.com Inc ($NASDAQ:FLWS)
1-800-FLOWERS.COM, Inc. is a leading provider of gifts designed to help customers express, connect, and celebrate all the important moments in their lives. The Company offers a variety of delightful products and services through its family of brands, including 1-800-FLOWERS®, 1-800-BASKETS®, 1-800-Balloons, Cheryl’s® Cookies, The Popcorn Factory®, FruitBouquets.com®, Shari’s Berries®, and Personalization Mall®. 1-800-FLOWERS.COM also offers gourmet food and gift baskets through its Gourmet Food & Gift CollectionSM brand, and provides customers with expert floral design and personalized gift recommendations at FlowerShopping.com.
The Company’s shares trade on the Nasdaq Global Market under the ticker symbol “FLWS”.
– ChargePoint Holdings Inc ($NYSE:CHPT)
ChargePoint Holdings Inc is a electric vehicle charging company with a market cap of 4.6B as of 2022. The company has a ROE of -45.66%. ChargePoint operates in the United States, Australia, Canada, and Europe.
– iStreet Network Ltd ($BSE:524622)
TradingView Inc. operates as a financial technology company that provides social media and trading tools for investors, traders, and financial institutions. It serves customers in the United States, Europe, Asia, and internationally. The company was founded in 2011 and is headquartered in Chicago, Illinois.
Summary
Investors had mixed reactions to BARK‘s Q1 earnings report for fiscal year 2024, with total revenue coming in 8.1% lower than the same quarter of the previous year at USD 120.6 million and net income at USD -11.7 million. Despite the dip in revenue, the net income figure was an improvement on the -15.4 million reported for Q1 of 2023, resulting in stock prices rising on the day. While investors will be pleased to see the company is heading in the right direction, they will be looking for further improvements in the coming quarters to ensure long-term confidence in the company going forward.
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