secwatch.observer — SEC 8-K summary
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Issuer:     Allbirds, Inc. (BIRD)
CIK:        0001653909
Form:       8-K
Filed at:   2022-05-10T23:59:59+00:00
Accession:  0001653909-22-000034
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Allbirds Q1 revenue up 26% to $62.8M; net loss widens to $21.9M; cuts FY guidance on international headwinds
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1653909/000165390922000034/0001653909-22-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1653909/000165390922000034/bird-20220510.htm
  HTML page:      https://secwatch.observer/filing/0001653909-22-000034

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