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Sep 30, 2024
Allbirds Q3 2024 Earnings Report
Allbirds reported Q3 2024 financial results, with revenue within guidance and updated full year outlook.
Key Takeaways
Allbirds' Q3 2024 net revenue decreased by 24.9% to $43.0 million compared to the previous year, but was within the company's guidance range. Gross margin improved to 44.4%. The company is updating its full year 2024 revenue guidance and narrowing its Adjusted EBITDA guidance range.
Net revenue decreased 24.9% to $43.0 million year-over-year, within guidance.
Gross margin improved approximately 90 basis points to 44.4% year-over-year.
Net loss was $21.2 million, or $2.68 per basic and diluted share.
Inventory decreased 28.1% year-over-year to $57.5 million.
Allbirds
Allbirds
Allbirds Revenue by Geographic Location
Revenue by Geographic Location
International Revenue
CapyFin.com Forward Guidance
Allbirds is updating its full year 2024 revenue guidance and narrowing its Adjusted EBITDA guidance range.