secwatch.observer — SEC 8-K summary
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Issuer:     Allbirds, Inc. (BIRD)
CIK:        0001653909
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001628280-24-045700
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Allbirds Q3 net revenue falls 24.9% to $43M, net loss $21.2M; provides updated FY outlook
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- Q3 net revenue $43.0M (-24.9% YoY); within guidance range.
- Gross margin improved ~90 bps to 44.4%; net loss $21.2M (EPS -$2.68).
- Adjusted EBITDA loss $16.2M, within guidance; inventory down 28.1% to $57.5M.
- Cash $78.6M, no revolver borrowings; completed distributor transitions in China, Europe, and Latin America.
- Updated FY 2024 revenue guidance and narrowed Adjusted EBITDA range.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1653909/000162828024045700/0001628280-24-045700-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1653909/000162828024045700/bird-20241106.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-045700

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