secwatch.observer — SEC 8-K summary
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Issuer:     Allbirds, Inc. (BIRD)
CIK:        0001653909
Form:       8-K
Filed at:   2023-03-09T23:59:59+00:00
Accession:  0001653909-23-000023
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Allbirds Q4 revenue down 13% to $84.2M, net loss $24.9M; CFO Bufano resigns, Mitchell named
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1653909/000165390923000023/0001653909-23-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1653909/000165390923000023/bird-20230308.htm
  HTML page:      https://secwatch.observer/filing/0001653909-23-000023

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