Dog-focused company Original BARK’s (BARK) shares suffered a price decline after the company reported second-quarter earnings, even though its revenue increased. So, is it wise to add the stock to one’s portfolio now based on its strategic collaborations? Let’s find out.The shares of New York City-based Omnichannel dog-centric company, the Original BARK Company (BARK) climbed in price after the company made its stock market debut on June 2, 2021. To facilitate the IPO, it had merged with Northern Star Acquisition Corp. (a special purpose acquisition firm) to make it easier. And in July 2021, the Dunkin’ Joy in Childhood Foundation and BARK, the maker of BarkBox, announced a second collaboration featuring two “pawsome” new dog toys.

For its fiscal second quarter, ended September 30, 2021, BARK’s revenue came in at $120.16 million, up 39.1% year-over-year. However, the company’s adjusted net loss increased 711.2% year-over-year to $11.03 million. Its adjusted EBITDA, however, was negative $8.78million compared with a gain of $1.07million in the previous year. The shares of the company have fallen 16.8% since November 10th’s earnings release.

Furthermore, the stock has lost more than 14% over the past three months to close yesterday’s trading session at $6.20. The Zebra reports that 38.4% American households own dogs. People are spending more time with their dogs, and dog ownership has increased in the wake of the pandemic. Dog ownership may slow with the economy slowly recovering and reopening many offices, however. Moreover, high shipping costs are expected to harm BARK’s business in the near term, so its prospects look bleak.

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