Wag! Reports Record Q4 and FY 2022 Financial Results

(24/7 MARKET NEWS) – Wag! Group Co. (NASDAQ: PET) reported, after yesterday’s market close, financial results for the fourth quarter and year ended December 31, 2022.

Fourth quarter 2022 highlights include revenue increased 110% to $17.0 million, compared to the fourth quarter of 2021; and net income of $5.8 million, compared to a net loss of $2.7 million in the fourth quarter of 2021.

Full-Year 2022 highlights include revenue increased 173% to $54.9 million, compared to $20.1 million in 2021.

Wag! is at $2.76, up $0.46 (+20.00%), on trading volume of 170 thousand premarket shares.

Its 52-week trading range is $1.96 to $13.13. It’s facing a bunch of resistance, so interested parties should probably scale in slowly.

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