Dogness (International) (DOGZ) Registration Filing summary

Company overview and business model

• Designs and manufactures pet products, including smart collars, leashes, and harnesses, with a focus on technology integration and high-quality materials.

• Operates a vertically integrated production facility in China, exporting primarily to the U.S. and Europe.

• Develops smart pet products and a connected ecosystem, leveraging proprietary technology and partnerships.

• Holds 201 patents and 188 trademarks globally, supporting innovation and brand protection.

• Maintains a global presence with operations in China, Hong Kong, and the U.S.

Financial performance and metrics

• For the six months ended December 31, 2023, total revenues were $6.67 million, down from $10.40 million in the prior year period.

• Gross profit for the same period was $1.31 million, with a net loss of $3.20 million.

• As of December 31, 2023, total assets were $97.96 million and total liabilities were $22.49 million.

• R&D expenses were $931,078 in fiscal 2023, representing 5.3% of total revenues.

Use of proceeds and capital allocation

• Will not receive proceeds from the resale of shares by selling shareholders; all proceeds go to the selling shareholders.

• Proceeds from previous financings have been used for working capital and business development.