secwatch.observer — SEC 8-K summary
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Issuer:     Allbirds, Inc. (BIRD)
CIK:        0001653909
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001653909-23-000100
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1653909/000165390923000100/0001653909-23-000100-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1653909/000165390923000100/bird-20231108.htm
  HTML page:      https://secwatch.observer/filing/0001653909-23-000100

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