(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.
24/7 MARKET NEWS, INC Disclaimer
24/7 MARKET NEWS (“24/7 MN”) is dedicated to covering various underreported segments of the stock markets. Our goal is to help you to better understand these markets, but 24/7 MN is neither an investment advisor nor a financial advisor, and no information provided here is to be interpreted as a suggestion to buy or sell stocks or other investment products. All opinions, news, research, analysis, prices or other information contained on 247marketnews.com, its press releases, or other services are provided for educational purposes only and do not constitute investment advice. You are solely responsible for the investment decisions you make.
Please go to www.247marketnews.com or https://www.247marketnews.com/terms-disclaimer/ for further information.
