Wag! Group Co. (NASDAQ:PET) Q1 2024 Earnings Call Transcript

Garrett Smallwood: Yeah, it really depends on how quickly we want to, frankly, put dollars to work in terms of growing that business. There’s a bunch of ways we plan on growing it, whether it’s through partnerships, whether it’s our on-demand channels or do it cross-sell and upsell. I think we made a — I made comment earlier, this quarter is really going to be all about profitability. Just a function of August being our prepayment penalty expires for debt repayment. And I think just getting out of the debt can be really a big enabler for the company and accelerate our path to free cash flow. So we’re experimenting with it. It’s important we like it. We’re having fun learning. But I think, we really want to put our pedal to the metal in our business. We’ll be — as soon as we feel really good about profitability. So more to come, I think, in the next quarter.

Unidentified Analyst: Okay, all right. Thanks, guys. That’s all for me. Good luck.

Operator: At this time, this concludes our question-and-answer session. I’ll now turn it back over to Garrett Smallwood for closing remarks.

Garrett Smallwood: Thanks, everyone, for the time today. I know you all have very busy schedules. You’ll find the most recent management presentation, which we updated to reflect the new service and products we launch as well as our additional portfolio products on wag.co on Press Releases presentation. Thanks so much.

Operator: Ladies and gentlemen, this concludes today’s teleconference. You may disconnect your lines at this time. Thank you for your participation.