Financial Performance - Revenues increased 13% to $23.2 million in Q1 2024, compared to $20.6 million in Q1 2023, marking a quarterly revenue record[7] - Achieved a net loss of $4.2 million, up from a net loss of $3.8 million in Q1 2023, primarily due to costs associated with a $5 million debt principal pay down[7] - Adjusted EBITDA improved to $0.2 million, compared to an Adjusted EBITDA loss of $0.4 million in Q1 2023[7] - Revenues for the three months ended March 31, 2024, were $23,219,000, representing a 7.8% increase from $20,623,000 in the same period of 2023[24] - Net loss for the same period was $4,241,000, compared to a net loss of $3,787,000 in the prior year, reflecting a slight increase in the loss margin to 18.3% from 18.4%[30] - Adjusted EBITDA for the three months ended March 31, 2024, was $168,000, an improvement from a loss of $397,000 in the same period of 2023, resulting in an adjusted EBITDA margin of 0.7%[28] - Total costs and expenses increased to $25,002,000 for the three months ended March 31, 2024, up from $22,836,000 in the prior year[24] - Cash flow from operating activities was $168,000 for the three months ended March 31, 2024, compared to a cash outflow of $3,580,000 in the same period of 2023[30] - The company incurred a loss on extinguishment of debt amounting to $726,000 during the three months ended March 31, 2024[28] - Interest expense for the period was $1,885,000, slightly up from $1,874,000 in the previous year[24] - Cash and cash equivalents at the end of the period were $12,603,000, down from $24,502,000 at the end of the same period in 2023[26] - The company reported stock-based compensation of $1,296,000 for the three months ended March 31, 2024, compared to $1,342,000 in the same period of 2023[28] Growth and Strategy - Record 671,000 Platform Participants in Q1 2024, an increase of 10% from 611,000 in Q1 2023[8] - 78% of revenues were generated from B2B partnerships, including pet insurance and pet food companies[10] - Guidance for full year 2024 includes revenue expectations in the range of $105 million to $115 million[11] - Anticipated Adjusted EBITDA for 2024 is projected to be between $2 million and $6 million[11] - New product launches include Furscription, a digital e-prescribing tool for veterinarians, and WeCompare, a consumer-facing insurance comparison platform[10] - Company is focusing investments on marketing, R&D, and partnerships to drive growth in 2024 and beyond[9]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________________ to ____________________ Commission File Number: 001-40764 Wag! Group Co. (Exact name of registrant as specified in its charter) Delaware 88-35 ...

Wag! Group Co. (NASDAQ:PET) Q3 2023 Earnings Conference Call November 8, 2022 4:30 PM ET Company Participants Greg Robles - Investor Relations Garrett Smallwood - Chairman and Chief Executive Officer Adam Storm - President and Chief Product Officer Alec Davidian - Chief Financial Officer Conference Call Participants Jason Helfstein - Oppenheimer Jeremy Hamblin - Craig-Hallum Tom White - D.A. Davidson Matt Koranda - Roth Capital Operator Greetings, and welcome to the Wag! Third Quarter 2023 Earnings Conferen ...

(Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________________ to ____________________ Commission File Number: 001-40764 Wag! Group Co. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Exact name of registrant as specified in its charter) Delaw ...

Wag! Group Co. (NASDAQ:PET) Q2 2023 Results Conference Call August 8, 2023 4:30 PM ET Company Participants Dawn Francfort - IR Garrett Smallwood - Chairman and CEO Adam Storm - President and Chief Product Officer Alec Davidian - CFO Conference Call Participants Jason Helfstein - Oppenheimer Wyatt Swanson - D.A. Davidson Matt Koranda - ROTH MKM Jack Cole - Craig Hallum Greg Pendy - Chardan Operator Good day, and thank you for standing by. Welcome to the Wag! 2Q '23 Earnings Conference Call. At this time, all ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or Wag! Group Co. (Exact name of registrant as specified in its charter) Delaware 88-3590180 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________________ to ____________________ (State or other jurisdic ...

Wag! Group Co. (NASDAQ:PET) Q1 2023 Earnings Conference Call May 9, 2023 4:30 PM ET Company Participants Dawn Frankfort - Managing Director, ICR Garrett Smallwood - Chief Executive Officer & Chairman Adam Storm - President & Chief Product Officer Alec Davidian - Chief Financial Officer Conference Call Participants Matt Koranda - ROTH MKM Wyatt Swanson - D.A. Davidson Jack Cole - Craig-Hallum Capital Group Brian Dobson - Chardan Capital Markets Jason Helfstein - Oppenheimer Operator Good day and thank you fo ...

Pet Food & Treats Pet Food Pet Treats 6 Drop-In Sitting Boarding Training Shop Walking ● 10% Off All Services ● 5% Off All Products ● Exclusive Benefits Center Wag! Services (26%) Wag! 30% LTV:CAC Premium Pet Spend is a Large, Resilient Category with (American Pet Product Association) CONFIDENTIAL Ownership = Category Tailwinds https://www.forbes.com/advisor/pet-insurance/pet-ownership-statistics/ The Wag! Platform Wag! Premium Benefits ● 12 million+ reviews provide assurance on quality of care 12 Browse & ...

[Part I - Financial Information](index=5&type=section&id=Part%20I%20-%20Financial%20Information) [Financial Statements](index=5&type=section&id=Item%201.%20Financial%20Statements) Wag! Group Co.'s Q1 2023 financials show revenue growth driven by Wellness and acquisitions, despite widening net losses and negative operating cash flow Condensed Consolidated Balance Sheet Summary (Unaudited) | (in thousands) | March 31, 2023 | December 31, 2022 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $24,502 | $38,966 | | Total current assets | $34,746 | $47,423 | | Goodwill | $4,501 | $1,451 | | Intangible assets, net | $8,173 | $2,590 | | **Total assets** | **$49,650** | **$52,311** | | **Liabilities & Equity** | | | | Total current liabilities | $16,146 | $16,491 | | Notes payable – non-current portion, net | $25,270 | $24,970 | | **Total liabilities** | **$42,119** | **$42,389** | | **Total stockholders' equity** | **$7,531** | **$9,922** | Condensed Consolidated Statements of Operations (Unaudited) | (in thousands) | Three Months Ended March 31, 2023 | Three Months Ended March 31, 2022 | | :--- | :--- | :--- | | Revenues | $20,623 | $9,666 | | Total costs and expenses | $22,836 | $11,984 | | Loss before income taxes | $(3,787) | $(2,350) | | **Net loss** | **$(3,787)** | **$(2,350)** | | Net loss per share (basic and diluted) | $(0.10) | $(0.38) | Condensed Consolidated Statement of Cash Flows Summary (Unaudited) | (in thousands) | Three Months Ended March 31, 2023 | Three Months Ended March 31, 2022 | | :--- | :--- | :--- | | Net cash used in operating activities | $(3,580) | $(2,245) | | Net cash used in investing activities | $(10,661) | $(6,720) | | Net cash (used in) provided by financing activities | $(223) | $9,664 | | **Net change in cash and cash equivalents** | **$(14,464)** | **$699** | [Notes to Unaudited Condensed Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) Notes detail accounting policies, acquisitions like Dog Food Advisor, revenue streams, debt, and identified material weaknesses in internal controls - On January 5, 2023, the Company acquired Dog Food Advisor for **$9.0 million** in cash, adding **$5.95 million** in intangible assets and **$3.05 million** in goodwill[92](index=92&type=chunk)[93](index=93&type=chunk) Revenue by Offering (in thousands) | | Three Months Ended March 31, 2023 | Three Months Ended March 31, 2022 | | :--- | :--- | :--- | | Service revenue | $5,397 | $4,432 | | Wellness revenue | $13,855 | $5,234 | | Pet food & treats revenue | $1,371 | — | | **Total revenues** | **$20,623** | **$9,666** | - The company secured a **$32.2 million** senior secured term loan credit facility with Blue Torch Finance, bearing a floating interest rate and maturing in three years from August 9, 2022[116](index=116&type=chunk)[117](index=117&type=chunk)[118](index=118&type=chunk) - Subsequent to quarter end, on April 6, 2023, the company acquired Maxbone to expand into the Pet Supplies market[146](index=146&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=31&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses strategic expansion and 113% Q1 2023 revenue growth to $20.6 million, offset by increased net loss from higher operating expenses - The company's strategy involves expanding into high-growth areas like pet wellness and the **$50 billion** Pet Food & Treats market, notably through the Dog Food Advisor acquisition[150](index=150&type=chunk)[153](index=153&type=chunk) - Key operational trends include increased pet adoption, return-to-office policies driving service demand, and pet humanization boosting interest in wellness products[158](index=158&type=chunk) Non-GAAP Financial Metrics (in thousands) | | Three Months Ended March 31, 2023 | Three Months Ended March 31, 2022 | | :--- | :--- | :--- | | Revenues | $20,623 | $9,666 | | Net loss | $(3,787) | $(2,350) | | **Adjusted EBITDA** | **$(397)** | **$(2,112)** | | Adjusted EBITDA Margin | (1.9)% | (21.8)% | [Comparison of the Three Months ended March 31, 2023 and 2022](index=37&type=section&id=Comparison%20of%20the%20Three%20Months%20ended%20March%2031%2C%202023%20and%202022) Q1 2023 revenues grew 113% to $20.6 million, driven by Wellness and Pet Food & Treats, but rising expenses led to a 61% wider net loss of $3.8 million Results of Operations Comparison (in thousands) | | Three Months Ended March 31, 2023 | Three Months Ended March 31, 2022 | $ Change | % Change | | :--- | :--- | :--- | :--- | :--- | | Revenues | $20,623 | $9,666 | $10,957 | 113% | | Total costs and expenses | $22,836 | $11,984 | $10,852 | 91% | | Net loss | $(3,787) | $(2,350) | $(1,437) | 61% | - The **$10.9 million** revenue increase was primarily due to an **$8.6 million** rise in Wellness revenue and **$1.4 million** in new Pet Food & Treats revenue from the Dog Food Advisor acquisition[189](index=189&type=chunk) - Sales and marketing expenses increased by **$7.2 million** (**118%**), mainly from a **$5.2 million** increase in partnership-related costs[192](index=192&type=chunk)[193](index=193&type=chunk) - General and administrative expenses grew by **$2.6 million** (**111%**), driven by a **$1.4 million** increase in personnel costs and **$1.1 million** in other administrative expenses to support public company activities[194](index=194&type=chunk) [Liquidity and Capital Resources](index=39&type=section&id=Liquidity%20and%20Capital%20Resources) The company continues to incur operating losses and negative cash flows, with Q1 2023 net cash used in operations at $3.6 million, but expects current liquidity to suffice for 12 months - The company expects continued operating losses and negative operating cash flows as it invests in growth[197](index=197&type=chunk) Cash Flow Summary (in thousands) | | Three Months Ended March 31, 2023 | Three Months Ended March 31, 2022 | | :--- | :--- | :--- | | Net cash used in operating activities | $(3,580) | $(2,245) | | Net cash used in investing activities | $(10,661) | $(6,720) | | Net cash (used in) provided by financing activities | $(223) | $9,664 | [Quantitative and Qualitative Disclosures About Market Risk](index=43&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company faces market risks from interest rate fluctuations on its Blue Torch Credit Facility and equity price sensitivity of contingent Earnout Shares - The company's primary market risks relate to interest rates on its Blue Torch Credit Facility and equity price sensitivity of its Earnout Shares[228](index=228&type=chunk) [Controls and Procedures](index=43&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded disclosure controls were ineffective as of March 31, 2023, due to identified material weaknesses in internal control over financial reporting - As of March 31, 2023, the company's disclosure controls and procedures were deemed ineffective by management[231](index=231&type=chunk) - Material weaknesses were identified related to insufficient resources for risk assessment and technical accounting, plus deficiencies in IT general controls, logical access, and segregation of duties[232](index=232&type=chunk) [Part II - Other Information](index=45&type=section&id=Part%20II%20-%20Other%20Information) [Legal Proceedings](index=45&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in ordinary course legal proceedings, primarily regarding pet caregiver classification, with no expected material adverse financial impact - The company is involved in legal proceedings regarding pet caregiver classification, including a challenged **$1.3 million** California EDD assessment for unemployment insurance contributions[107](index=107&type=chunk)[110](index=110&type=chunk) [Risk Factors](index=45&type=section&id=Item%201A.%20Risk%20Factors) No material changes have occurred to the risk factors previously disclosed in the Annual Report on Form 10-K for fiscal year 2022 - No material changes have occurred from the risk factors set forth in the Annual Report on Form 10-K for the year ended December 31, 2022[237](index=237&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=45&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) This item is not applicable for the reporting period [Defaults Upon Senior Securities](index=45&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) No defaults upon senior securities occurred during the reporting period [Mine Safety Disclosures](index=45&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable for the reporting period [Other Information](index=45&type=section&id=Item%205.%20Other%20Information) No other information is reported for the period [Exhibits](index=46&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the Quarterly Report on Form 10-Q, including corporate documents and Sarbanes-Oxley certifications

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K _______________________ (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR WAG! GROUP CO. (Exact name of registrant as specified in its charter) _______________________ (State or other jurisdiction of incorporation or organization) 55 Francisco Street, Suite 360 San Francisco, California 94133 o TRANSITION REPORT PURSUANT TO SECTION 1 ...