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Dec 31, 2022
Allbirds Q4 2022 Earnings Report
Reported a decrease in revenue and a net loss for the fourth quarter of 2022, while announcing a strategic transformation plan to reignite growth.
Key Takeaways
Allbirds reported a 13% decrease in net revenue to $84.2 million for Q4 2022 compared to Q4 2021, and a net loss of $24.9 million. The company announced a strategic transformation plan focused on reigniting growth, improving capital efficiency, and driving profitability.
Net revenue decreased 13.4% to $84.2 million compared to Q4 2021.
Gross profit totaled $36.3 million, with gross margin declining to 43.1%.
Net loss was $24.9 million, compared to $10.4 million in Q4 2021.
Adjusted EBITDA was a loss of $12.5 million, compared to earnings of $0.4 million in Q4 2021.
Allbirds
Allbirds
Allbirds Revenue by Geographic Location
Revenue by Geographic Location
International Revenue
CapyFin.com Forward Guidance
Allbirds is providing financial guidance targets for the first quarter of 2023, with net revenue expected to be between $45 million and $50 million, representing a decrease of 20% to 28% versus the first quarter of fiscal 2022. Adjusted EBITDA loss is projected to be between $29 million and $26 million.