wag! group DOMESTIC ANIMAL Shares are trading higher on Wednesday after the company reported better than expected Q4 EPS and Sales Results.

wag! reported Q4 earnings of $0.07 per share, slightly beating analyst consensus estimate for a loss of $0.10 per share. The company reported quarterly revenue of $17.04 million, beating analysts’ consensus estimate of $13.76 million.

“In 2022 we achieved all-time record results that significantly exceeded our expectations. This was a pivotal phase in the development of our company as we transformed from a service company to a holistic platform for all of our pet parents’ needs Garret SmallwoodChairman and CEO of Wag!.

For fiscal year 2023, Wag! expects revenue in the range of $75-$77 million versus analyst consensus estimate of $69.61 million.

wag! is an American pet care company that provides a technology platform to connect pet owners with independent pet professionals for on-demand and scheduled dog walks, training, and other pet care services.

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PET Price Action: wag! has a 52-week high of $10 and a 52-week low of $1.96.

wag! Shares are up 15.2% at $2.65 at press time Gasoline Pro.

Photo: courtesy of Wag! Group.