$BARK positive catalysts pile up as revenue beats! (Possible short squeeze too?) : pennystocks


BARK up big today on HUGE volume. Keep in mind that 13 million shares are short right now! This after the following news broke today:
https://finance.yahoo.com/news/bark-co-founder-executive-chairman-211500167.html
“BARK also announced preliminary fiscal third quarter 2022 revenue of $140.0 million, a 33.1% increase compared to the same period last year. BARK had previously provided fiscal third quarter guidance of $137 million to $139 million. Through the first three quarters of fiscal 2022, BARK’s top-line has increased approximately 41.8% to $377.8 million, compared to the same period in fiscal 2021.”

While a gamble, I feel like BARK could do very well in 2022 after having been pummeled hard up to today (BARK is trading at a 1.16 Price to sales ratio on next year’s affirmed guidance revenue number). They are doing some interesting things, have been getting a lot of free promotion in viral tik tok vids like this one: https://vm.tiktok.com/TTPd6dmQst/ with 15 MILLION VIEWS. They are expanding into the dog food market taking on Chewy (massive TAM), they have partnered with Costco recently, sales were better than expected in the most recent quarter, etc.

Costco BARK toy sales

They are also in REI and reports are that things are selling well:

BARK in REI

BTS the huge KPop band made a video with over 43m views in the last month featuring BARK’s toys, and their fans have gone crazy for the toys. See:

BTS Has Bite: See How Jin’s New Video Is Leading to a Surge in Pet Toy Sales

ARMYs Are Running To Target, Selling Out A Dog Toy—Here’s Why

https://twitter.com/barkbox/status/1467909022716211210

There is also a Netflix partnership in the works (details have not been released but it was mentioned on a conf call last year):

r/pennystocks - $BARK positive catalysts pile up as revenue beats! (Possible short squeeze too?)

Collab with Netflix coming this year

Web stats are looking great:

r/pennystocks - $BARK positive catalysts pile up as revenue beats! (Possible short squeeze too?)

Bark web traffic





Source link

Copyright © 2022 Billionaire Club Co LLC. All rights reserved

Chat
Loading the chat ...