8-K
filed March 12, 2024, 7:59 PM ET
ticker BIRD
CIK 0001653909
leadership
confidence high
sentiment negative
materiality 0.75
Allbirds appoints new CEO as Q4 net revenue falls 14.5%; net loss $56.8M
Allbirds, Inc.
- CEO Joey Zwillinger steps down March 15; COO Joe Vernachio appointed CEO and to Board.
- Q4 net revenue $72.0M (-14.5% YoY); net loss $56.8M ($0.37 diluted EPS).
- Full year 2023 net revenue $254.1M (-14.7% YoY); net loss $152.5M ($1.01 diluted EPS).
- Inventory down 51% to $57.8M; cash & credit facility $180M liquidity.
- Adjusted EBITDA loss $78.4M for FY2023; margin declined to -30.9%.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.98
Allbirds, Inc. reported full year ended December 31, 2023 results: revenue $254.1 million, net income $152.5 million loss, EPS $1.01 per basic and diluted share.
- Period
- full year ended December 31, 2023
- Revenue
- $254.1 million
- Net income
- $152.5 million loss
- EPS
- $1.01 per basic and diluted share
- Result
- reported results
Exact text from the filing
Full-year 2023 net revenue decreased 14.7% to $254.1 million compared to $297.8 million in 2022.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.98
Allbirds, Inc. reported fourth quarter ended December 31, 2023 results: revenue $72.0 million, net income $56.8 million loss, EPS $0.37 per basic and diluted share.
- Period
- fourth quarter ended December 31, 2023
- Revenue
- $72.0 million
- Net income
- $56.8 million loss
- EPS
- $0.37 per basic and diluted share
- Result
- reported results
Exact text from the filing
Fourth quarter net revenue decreased 14.5% to $72.0 million versus a year ago; full year net revenue decreased 14.7% to $254.1 million versus a year ago. • Fourth quarter net loss of $56.8 million, or $0.37 per basic and diluted share; full year net loss of $152.5 million, or $1.01 per basic and diluted share.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Joe Vernachio was appointed as Class II Director at Allbirds, Inc..
- Action
- appointed
- Role
- Class II Director
Exact text from the filing
Mr. Vernachio was also appointed to the Board, effective March 15, 2024, and will serve as a Class II director
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Joseph Zwillinger changed role as President, Chief Executive Officer and Secretary at Allbirds, Inc..
- Action
- transitioned from
- Role
- President, Chief Executive Officer and Secretary
Exact text from the filing
Joseph Zwillinger, the President, Chief Executive Officer and Secretary of the Company informed the Company’s Board of Directors (the “Board”) of his intention to transition from his role as President, Chief Executive Officer and Secretary, effective March 15, 2024.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Joe Vernachio was appointed as President, Chief Executive Officer and Secretary at Allbirds, Inc..
- Action
- appointed
- Role
- President, Chief Executive Officer and Secretary
Exact text from the filing
the Board appointed Joe Vernachio, the Company’s current Chief Operating Officer, to serve as President, Chief Executive Officer and Secretary of the Company, effective March 15, 2024.
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.