Core Insights - Wag! Group Co. has successfully emerged from Chapter 11 bankruptcy and is now a privately held company owned by Retriever LLC, which provided financial support during the reorganization process [1][2][3] - The company aims to strengthen its financial foundation and invest in business growth while continuing to serve its customers and execute long-term strategic priorities [2][3] Company Overview - Wag! Group Co. is focused on becoming the leading platform for service, product, and wellness needs of modern U.S. pet households, having pioneered on-demand dog walking in 2015 [5] - The company operates several platforms, including Petted, Dog Food Advisor, WoofWoofTV, and maxbone, catering to various aspects of pet care and wellness [5] Financial Restructuring - The confirmed Plan of Reorganization allowed Retriever to assume ownership and provide new equity capital and exit financing, ensuring operational continuity during the bankruptcy process [2][3] - The restructuring process was completed in approximately 40 days, allowing the company to maintain business operations and customer service throughout [2][3] Future Outlook - With a stronger balance sheet, Wag! is positioned for sustainable long-term growth as a privately held business, focusing on innovation and exceptional customer experience in the pet care market [3]

Core Viewpoint - Wag! Group Co. is pursuing a comprehensive balance sheet restructuring through a voluntary, pre-packaged Chapter 11 process to reduce debt and transition ownership to its primary secured lender, Retriever LLC, aiming for long-term success under private ownership [1][2][3] Group 1: Chapter 11 Process - The pre-packaged plan of reorganization is designed to be implemented on an accelerated basis, with Wag! expecting to emerge from Chapter 11 within approximately 40 days [2] - The plan requires approval from the U.S. Bankruptcy Court for the District of Delaware, and Wag! believes it has a clear path toward confirmation and emergence [4] Group 2: Financial Support and Operations - The company has secured debtor-in-possession (DIP) financing from Retriever LLC, which, along with cash generated from ongoing operations, is expected to provide liquidity during the court-supervised process [3] - Retriever LLC has committed to provide exit financing as part of the reorganization plan, reinforcing the company's path to a stable and well-capitalized emergence [3] Group 3: Company Overview - Wag! Group Co. aims to be the leading platform for the service, product, and wellness needs of modern U.S. pet households, having pioneered on-demand dog walking in 2015 [6] - The company operates several platforms, including Petted, Dog Food Advisor, WoofWoofTV, and maxbone, catering to various pet-related services and products [6]

Core Insights - Wag! Group Co. reported financial results for Q1 2025, showing revenues of $15.2 million, a decrease from $23.2 million in Q1 2024, and a net loss of $4.9 million compared to a loss of $4.2 million in the same period last year [9][20]. Financial Performance - Revenues for Q1 2025 were $15.2 million, broken down into $4.9 million from Services, $9.2 million from Wellness, and $1.1 million from Pet Food & Treats [9]. - The net loss for Q1 2025 was $4.9 million, compared to a net loss of $4.2 million in Q1 2024 [9][20]. - Adjusted EBITDA loss was $1.2 million in Q1 2025, down from a positive Adjusted EBITDA of $0.2 million in Q1 2024 [9][25]. Operational Highlights - The company emphasized disciplined cost management and operational streamlining as key factors in its performance [3]. - Wag! is encouraged by early traction from newly launched distribution partnerships and positive business trends observed through April and into May [3]. Guidance - For the full year 2025, Wag! expects revenues to be in the range of $84 million to $88 million and Adjusted EBITDA to be between $2.0 million and $4.0 million [10]. Company Overview - Wag! Group Co. aims to be the leading platform for pet services, products, and wellness needs in the U.S. pet market, having pioneered on-demand dog walking in 2015 [8]. - The company operates various platforms, including Petted for pet insurance comparison and Dog Food Advisor for pet food reviews [8]. Key Metrics - As of March 31, 2025, the number of platform participants was 472, down from 671 in the previous year [27]. - The net cash provided by operating activities was $1.4 million for Q1 2025, compared to $0.2 million in Q1 2024 [28].

Company Overview - Wag! Group Co. aims to be the leading platform addressing the service, product, and wellness needs of modern U.S. pet households [3] - The company pioneered on-demand dog walking in 2015 with the Wag! app, which connects users to over 500,000 Pet Caregivers nationwide [3] - Wag! Group Co. operates several platforms including Petted (pet insurance comparison), Dog Food Advisor (pet food reviews), WoofWoofTV (pet content), maxbone (pet essentials), and Furmacy (pet prescriptions) [3] Financial Results Announcement - The company will report its first quarter 2025 financial results before the market opens on May 12, 2025 [1] - A conference call to discuss the financial results will be held at 8:30 a.m. Eastern Time on the same day [1] Investor Participation - Investors and analysts can participate in the conference call by dialing 800-717-1738 (or 1-646-307-1865 for international callers) approximately 10 minutes prior to the call [2] - A live audio webcast of the conference call will be available online, with a recorded replay accessible for 90 days after the call [2]