Wag! Group reports Q2 EPS (6c), consensus (6c)

Reports Q2 revenue $18.7M, consensus $21.2M. “Our Q2 results were highly intentional, as we scaled back on Sales & Marketing spend to increase near-term profitability while we focus on addressing our debt obligations once the prepayment penalty expires this month,” said Garrett Smallwood, CEO and Chairman of Wag!. “Strengthening our balance sheet, driving free cash flow and demonstrating consistent profitability are our key priorities, and we look forward to making progress on these objectives as move into the back half of the year.”