earnings
confidence high
sentiment negative
materiality 0.70
Allbirds Q1 revenue up 26% to $62.8M; net loss widens to $21.9M; cuts FY guidance on international headwinds
Allbirds, Inc.
2022-Q1 EPS reported
-$0.15
revenue$62,763,000
- Net revenue $62.8M (+26% YoY); US up 35% to $48.9M, international flat at $13.8M due to Ukraine/China lockdowns.
- GAAP net loss $21.9M ($0.15/share) vs $13.5M loss in Q1 2021; adjusted EBITDA loss $12.2M.
- Gross margin 51.9% (down 10 bps) from higher distribution costs and FX, partly offset by product mix and pricing.
- Q2 2022 guidance: revenue $75-79M (10-16% growth); adjusted EBITDA loss $14-11M.
- FY 2022 revenue guidance lowered to $335-345M (21-24% growth) from prior; adjusted EBITDA loss $25-21M.