earnings
confidence high
sentiment neutral
materiality 0.70
Allbirds Q3 revenue $62.7M (+33% YoY); net loss $13.8M; FY2021 guidance $270-272M
Allbirds, Inc.
- Net revenue $62.7M, up 33% YoY and 40% vs Q3 2019; U.S. revenue up 42% to $47.7M.
- Gross margin expanded 120 bps to 54.1%; GAAP net loss $13.8M ($0.25/share) vs $7.0M loss YoY.
- Adjusted EBITDA loss $6.3M vs $3.8M loss YoY; margin -10.1% vs -8.1%.
- FY2021 guidance: net revenue $270-272M (23-24% growth), adjusted EBITDA loss $17-15M.
- Ended Q3 with $65M cash; November 2021 IPO raised ~$252.8M net proceeds.