8-K
filed March 9, 2023, 6:59 PM ET
ticker BIRD
CIK 0001653909
other material
confidence high
sentiment negative
materiality 0.80
Allbirds Q4 revenue down 13% to $84.2M, net loss $24.9M; CFO Bufano resigns, Mitchell named
Allbirds, Inc.
- Q4 revenue $84.2M (-13% YoY); full-year revenue $297.8M (+7%).
- Q4 net loss $24.9M ($0.17 loss per share); adjusted EBITDA loss $12.5M.
- Q1 2023 guidance: revenue $45-50M (down 20-28% YoY), adj. EBITDA loss $26-29M.
- CFO Michael Bufano resigning April 24; replaced by Annie Mitchell (ex-Gymshark, adidas).
- Mitchell's base salary $375k, target bonus 40%, equity grants totaling ~$2M.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Allbirds, Inc. reported full year 2022 results: revenue $297.8 million, net income $101.4 million, EPS $0.68 per basic and diluted share.
- Period
- full year 2022
- Revenue
- $297.8 million
- Net income
- $101.4 million
- EPS
- $0.68 per basic and diluted share
- Result
- reported results
Exact text from the filing
today reported financial results for the fourth quarter and full year 2022 ended December 31, 2022. Quarter and Full Year Highlights • Full year 2022 net revenue increased 7% to $297.8 million compared to 2021 and increased 36% compared to 2020. 1 • Fourth quarter 2022 net revenue, which included $1.5 million of revenue primarily associated with the previously
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Allbirds, Inc. reported fourth quarter 2022 results: revenue $84.2 million, net income $24.9 million, EPS $0.17 per basic and diluted share.
- Period
- fourth quarter 2022
- Revenue
- $84.2 million
- Net income
- $24.9 million
- EPS
- $0.17 per basic and diluted share
- Result
- reported results
Exact text from the filing
2022 net revenue, which included $1.5 million of revenue primarily associated with the previously announced discontinuation of certain first generation apparel, decreased 13% to $84.2 million compared to fourth quarter 2021 and increased 6% compared to fourth quarter 2020. 1 • Full year 2022 United States (U.S.) physical retail channel sales grew 60% compared to 2021;
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Michael Bufano resigned as Chief Financial Officer at Allbirds, Inc..
- Action
- resigned
- Role
- Chief Financial Officer
Exact text from the filing
On March 8, 2023, Michael Bufano, the Chief Financial Officer and principal accounting officer of the Company, informed the Company of his intention to resign from his role effective April 24, 2023.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Annie Mitchell was appointed as Chief Financial Officer at Allbirds, Inc..
- Action
- appointed
- Role
- Chief Financial Officer
Exact text from the filing
On March 8, 2023, the Company’s Board of Directors (the “Board”) appointed Annie Mitchell as the Company’s Chief Financial Officer and principal accounting officer, effective as of April 24, 2023 .
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.