BARK - Income Statement

Published: 20 March 2023| Version 1 | DOI: 10.17632/75jjn5y3bx.1
Kevin Mosby


Bark Inc. (BARK) Bark is one of the popular “household stocks” that has become a penny stock over the last two years. In fact, when it made its public debut in 2020, BARK stock traded as high as $19.54. Now that it’s hovering around $1.50, a new group of traders seems to be paying more attention to the company. For those unfamiliar, Bark is the pet marketing company behind products like BarkBox. This is the subscription service specifically for man’s best friend. However, the financials have caused investors to bark and bite in the market in the form of selling pressure. The company’s stock continued to slump after reporting the latest fiscal Q3 2023 earnings. Bark’s EPS was in line with estimates, and the company narrowly beat on sales figures. Regardless, management appears optimistic. Matt Meeker, Co-Founder, and Chief Executive Officer, explained, “The third quarter highlighted the significant progress we have made executing against the strategic initiatives that we laid out at the beginning of the fiscal year. Our average order value is growing at the accelerated pace we anticipated, and we delivered the strongest gross margin quarter since going public—even with all of the heavy holiday promotions—and we anticipate further improvements ahead.” Insiders have begun buying BARK stock in 2023. The first to break the ice was Zahir Ibrahim. The Bark CFO purchased 100,000 shares at an average price of $1.55 this week. Diebold Nixdorf (DBD) Shares of Diebold Nixdorf hit new 2023 highs this week and blew through its 200-day moving average. One of the biggest catalysts for the tech company came late last week. Diebold announced that it began an exchange offer regarding specific senior notes. Diebold Nixdorf focuses on connected commerce for eCommerce and banking. It provides retail systems, self-ordering kiosks, point-of-sale systems, and ATMs and works with some of the larger petroleum companies. Why is DBD stock on the watch list right now? No further updates have come out, but there was motion in the company’s filings. Company President & CEO Octavio Marquez and Director Gary Greenfield submitted Form 4s showing the combined purchase of over $100,000 worth of DBD stock. Average prices ranged between $2.28 and $2.92



Financial Accounting