Allbirds Q4 2022 Earnings Report
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.
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Allbirds
Allbirds Revenue by Geographic Location
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.