Professional
Added to YB: 2024-07-25
Pitch date: 2024-07-24
PET [neutral]
Wag! Group Co.
-99.56%
current return
Author Info
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Company Info
Wag! Group Co., together with its subsidiaries, develops and supports a proprietary marketplace technology platform available as a website and mobile app that enables independent pet caregivers to connect with pet parents.
Market Cap
$444.1K
Pitch Price
$1.34
Price Target
N/A
Dividend
N/A
EV/EBITDA
-1.33
P/E
-0.02
EV/Sales
0.29
Sector
Diversified Consumer Services
Category
special_situation
Pernas Research Passes On: Wag Group
WAG: 2nd largest US dog walking platform, 670k users, $100mm sales. Down 90% from 2022 de-SPAC. Competitor Rover acquired by Blackstone at 8x rev multiple. Growing but unprofitable, 1yr runway left. Need 30% rev growth for profitability. Main expense: marketing. Watch for strategy change or acquisition potential. $65mm mkt cap, $1.34 share price.
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