Allbirds Q3 revenue down 21% to $57.2M; net loss widens to $31.6M

Allbirds, Inc.

2023-Q3 EPS reported -$0.63 revenue$182,075,000

Net revenue $57.2M, -21.2% YoY; net loss $31.6M ($0.21 per share) vs $25.2M a year ago.
Adjusted EBITDA loss $19.0M vs $14.8M; margin declined to (33.1)% from (20.4)%.
Gross margin narrowed to 43.5% from 44.8%; SG&A 76.1% of revenue vs 61.4%.
Inventory down 37% to $79.9M; operating cash use improved to $5.4M from $17.5M.
Progress on strategic transformation: transitioned to distributor model in Canada and South Korea.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Allbirds, Inc. reported the quarter ended September 30, 2023 results: revenue $57.2 million, net income $31.6 million, EPS $0.21 per basic and diluted share.

Period: the quarter ended September 30, 2023
Revenue: $57.2 million
Net income: $31.6 million
EPS: $0.21 per basic and diluted share
Result: reported results

Exact text from the filing

footwear and apparel products in a better way, today reported financial results for the third quarter ended September 30, 2023. Q3 2023 Overview • Net revenue decreased 21.2% to $57.2 million versus a year ago and decreased 8.7% compared to Q3 2021 • Net loss of $31.6 million, or $0.21 per basic and diluted share • Adjusted EBITDA 1 loss of $19.0 million • Ending

View on SEC.gov

59 earnings releases filed in the last 30 days. Browse all earnings releases →

Allbirds, Inc. filing history →

Source: SEC EDGAR

accession 0001653909-23-000100

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

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.