secwatch.observer — SEC 8-K summary
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Issuer:     Allbirds, Inc. (BIRD)
CIK:        0001653909
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001628280-24-021669
Event type: earnings
Sentiment:  negative
Materiality: 0.72
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Allbirds Q1 net revenue down 27.6% to $39.3M; net loss $27.3M
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- Net revenue $39.3M, down 27.6% YoY; gross margin improved 680 bps to 46.9%.
- Net loss $27.3M ($0.18 per share); adjusted EBITDA loss $20.9M, above guidance.
- Inventory $60.6M, down 45% YoY; cash $102.1M with no revolver borrowings.
- Full-year 2024 guidance reiterated: revenue $190M-$210M, gross margin 42%-45%.
- Company signed distributor agreements for Gulf Countries and Southeast Asia; closed 3 U.S. stores.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1653909/000162828024021669/0001628280-24-021669-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1653909/000162828024021669/bird-20240508.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-021669

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer