Don’t! Group Co.: A Story of Tail-Wagging Success
In a world where furry friends hold a special place in our hearts, Don’t! The Group Co. has emerged as the go-to platform for pet households across the US The company recently announced record-breaking Q4 and annual revenue, signaling a bright future for the pet care industry.
Record Revenues and Adjusted EBITDA
Don’t! The Group Co. reported a surprising $21.7 million in revenues in Q4, a 27% increase over last year. Furthermore, the company closed 2023 with an impressive $83.9 million in annual revenue, marking a 53% year-over-year increase.
Achieving Positive Adjusted EBITDA is no small feat for Wag! Group Co. With positive annual adjusted EBITDA of $0.7 million, the company demonstrates its commitment to financial discipline and growth.
Debt Reduction and Guidance to 2024
In a strategic move to strengthen its financial position, Wag! Group Co. announced. debt reduction of up to $10 million. Management provided guidance for 2024, expecting an adjusted EBITDA margin of 2-5% and free cash flow in the second half of the year.
The company’s ambitious plans include targeting a 25% compounded revenue growth from 2024 to 2027, with a goal of exceeding $200 million in revenues by 2027.
Expansion of Services and Acquisitions
Don’t! Expanded by Group Co. its offerings to meet the diverse needs of pet owners. From dog walking and sitting to training, pet insurance comparison, and pet food reviews, the company has become a one-stop solution for pet care services.
In line with its growth strategy, Wag! successfully completed the acquisition of WoofWoofTV in 2023, further cementing its position as the leading platform for pet households in the US
With a nationwide network of over 500,000 pet sitters, Don’t! The Group Co. continues to make a difference in the lives of pets and their owners. By focusing on human-centered storytelling, the company has won the hearts of pet lovers and investors.
Count Don’t! The Group Co. continues to evolve and expand, the company’s dedication to providing exceptional pet care services will undoubtedly shape the future of the pet care industry. Stay tuned for more exciting developments in this success story.
Note: This article uses non-GAAP financial measures such as Adjusted EBITDA to evaluate company performance. For more information on these steps, please refer to the company’s financial statements.
