Allbirds Reports Third Quarter 2024 Financial Results [Yahoo! Finance]
Allbirds, Inc. (BIRD)
Company Research
Source: Yahoo! Finance
SAN FRANCISCO, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Allbirds, Inc. (NASDAQ: BIRD), a global lifestyle brand that innovates with sustainable materials to make better products in a better way, today reported financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Overview Third quarter net revenue decreased 24.9% to $43.0 million versus a year ago, within the Company's guidance range. Third quarter gross margin improved approximately 90 basis points to 44.4% versus a year ago. Third quarter net loss of $21.2 million, or $2.68 per basic and diluted share. Third quarter adjusted EBITDA loss of $16.2 million, within the Company's guidance range. Inventory at quarter end of $57.5 million, representing a decrease of 28.1% versus a year ago. As of September 30, 2024, the Company had $78.6 million of cash and cash equivalents and no outstanding borrowings under its $50.0 million revolving credit facility. The Company completed its transition to a dist
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BIRD
News
- This Sitewide Allbirds Black Friday Sale is a Great Family Gift Opportunity [CNET News]CNET News
- Allbirds to Participate in Upcoming Investor ConferenceGlobeNewswire
- Why People Are Losing Interest In Sustainability (And How Intentional Brands Can Change That) [Forbes]Forbes
- BIRD Q3 Loss Narrower Than Expected, Revenues Fall on Lower Unit Sales [Yahoo! Finance]Yahoo! Finance
- New Products Fuel Progress in Allbirds Turnaround in Q3 [Yahoo! Finance]Yahoo! Finance
BIRD
Earnings
- 11/6/24 - Beat
BIRD
Sec Filings
- 11/13/24 - Form 4
- 11/12/24 - Form SC
- 11/12/24 - Form SC
- BIRD's page on the SEC website