secwatch.observer — SEC 8-K summary
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Issuer:     Allbirds, Inc. (BIRD)
CIK:        0001653909
Form:       8-K
Filed at:   2022-08-08T23:59:59+00:00
Accession:  0001653909-22-000060
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Allbirds Q2 revenue $78.2M (+15% YoY); net loss $29.4M; cuts workforce 8%
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- Net revenue $78.2M (+15% YoY); U.S. revenue $59.3M (+21%), offset by FX headwind of 265 bps.
- GAAP net loss $29.4M ($0.20/share) vs loss $7.6M a year ago; adjusted net loss $18.1M.
- Gross margin fell to 36.1% (adjusted 51.0%) on $11.6M inventory write-down of first-gen apparel.
- Simplification Initiatives: 8% workforce reduction; expects $13-15M annual SG&A savings from 2023, one-time costs $18-24M.
- Q3 revenue guidance $65-70M (4-12% growth); FY2022 revenue $305-315M (10-14% growth).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1653909/000165390922000060/0001653909-22-000060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1653909/000165390922000060/bird-20220808.htm
  HTML page:      https://secwatch.observer/filing/0001653909-22-000060

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