Financial Performance - Net revenue for the year ended December 31, 2022, was $297.8 million, an increase of 7.3% compared to $277.5 million in 2021[193] - The net loss for the year ended December 31, 2022, was $101.4 million, compared to a net loss of $45.4 million in 2021, indicating a significant increase in losses[223] - Total operating expenses for 2022 were $229.9 million, up from $179.5 million in 2021, reflecting a 28.0% increase[223] - Adjusted EBITDA decreased by $48.8 million in 2022, primarily driven by a $56.0 million increase in net loss[267] - The company generated approximately 28% of its full-year net revenue during the fourth quarter of 2022, compared to 36% in 2020[185] Cost and Expenses - Gross margin decreased to 43.5% for the year ended December 31, 2022, down from 52.9% in the same period of 2021[173] - Selling, general, and administrative expenses increased by $44.5 million, or 36.4%, to $166.7 million for the year ended December 31, 2022, compared to $122.2 million in 2021[195] - Total revenue for 2022 was $297.8 million, an increase of 7.3% from $277.5 million in 2021[299] - Gross profit decreased to $129.6 million in 2022, down 11.6% from $146.7 million in 2021[299] - The cost of revenue as a percentage of net revenue increased to 56.5% in 2022 from 47.1% in 2021, indicating rising costs relative to sales[224] Cash Flow and Liquidity - The company had cash and cash equivalents of $167.1 million as of December 31, 2022, funded primarily through product sales and net proceeds from equity securities[211] - Cash flows from operating activities resulted in a net cash used of $90.6 million in 2022, compared to $50.9 million in 2021, indicating a 78% increase in cash outflow[263] - The total cash, cash equivalents, and restricted cash at the end of 2022 was $167.8 million, down from $288.6 million at the end of 2021, a decrease of 42%[265] - The net cash provided by financing activities in 2022 was $3.6 million, a significant decrease from $238.2 million in 2021[274] - The company expects existing cash and cash equivalents, along with cash flow from operations, to meet cash requirements over the next 12 months[268] Workforce and Operations - The company reduced its global corporate workforce by 8% during 2022 as part of cost control actions, which are expected to continue into 2023[219] - The company operates 58 retail stores as of December 31, 2022, up from 51 stores in September 2022[181] - Impairment expense increased by $3.3 million for the year ended December 31, 2022, due to COVID-related closures impacting certain assets in China[197] Market and Economic Conditions - The company expects recent soft sales trends to continue into 2023, contributing to an overall decrease in net revenue from 2022[217] - The company acknowledges the recent rise in inflation, which has led to increased supply chain, logistics, materials, and labor costs[315] - Although inflation has not materially impacted the company's business so far, future inflation could adversely affect gross margin and operating expenses as a percentage of net revenue[315] - The company may face challenges in offsetting higher costs through price increases and cost reductions if inflation persists[315] - The company's inventory purchases from suppliers could be negatively impacted by suppliers' inability to manage inflationary pressures[315] Stock and Equity - As of December 31, 2022, total stockholders' equity was $316,769 thousand, with an accumulated deficit of $238,741 thousand[260] - Stock-based compensation increased to $20,230 thousand for the year ended December 31, 2022, reflecting growth in employee stock options[260] - The company reported a significant increase in stock-based compensation, which rose to $19.9 million in 2022 from $11.2 million in 2021, marking a 77% increase[263] - The company issued 16,850,799 shares of Class A common stock upon IPO, raising $231,551 thousand net of underwriting discounts and offering costs[260] - The fair value of stock options is based on management's estimates, which involve inherent uncertainties[256]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | |----------------------------------------------------------------------------| | | | For transition period from Commission File Number 001-40963 | | | | Allbirds, Inc. (Exact na ...

Allbirds, Inc. (NASDAQ:BIRD) Q3 2022 Earnings Conference Call November 8, 2022 5:00 PM ET Company Participants Katina Metzidakis - VP, IR & Business Development Joseph Zwillinger - Co-Founder, Co-CEO, President, Treasurer, Secretary & Director Timothy Brown - Co-Founder, Co-CEO & Director Michael Bufano - CFO Conference Call Participants Lorraine Hutchinson - Bank of America Merrill Lynch Edward Yruma - Piper Sandler Matthew Boss - JPMorgan Chase & Co. Dylan Carden - William Blair & Company Robert Drbul - G ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | |----------------------------------------------------------------------------| | | | For transition period from Commission File Number 001-40963 | | | | Allbirds, Inc. (Exact name of ...

Allbirds, Inc. (NASDAQ:BIRD) Q2 2022 Earnings Conference Call August 8, 2022 5:00 PM ET Company Participants Katina Metzidakis - Vice President of Investor Relations & Business Development Joey Zwillinger - Co-Chief Executive Officer & Co-Founder Tim Brown - Co-Chief Executive Officer & Co-Founder Mike Bufano - Chief Financial Officer Conference Call Participants Alex Straton - Morgan Stanley Bob Drbul - Guggenheim Lorraine Hutchinson - Bank of America Mark Altschwager - Baird Matthew Boss - JPMorgan Dana T ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | |----------------------------------------------------------------------------| | | | For transition period from Commission File Number 001-40963 | | | | Allbirds, Inc. (Exact name o ...

Financial Data and Key Metrics - Net revenue growth of 26% compared to 2021 and 49% versus 2020, with adjusted EBITDA in line with expectations [8] - US business grew 35%, driven by digital-savvy omnichannel model and post-pandemic retail recovery [11] - International sales grew 3%, impacted by headwinds in consumer spending in the EU and China due to geopolitical and COVID-related factors [12] - Adjusted EBITDA for Q1 was negative $12.2 million, within the guidance target range [50] - Gross profit increased by 26% to $33 million, with gross margin at 51.9%, down 10 basis points year-over-year [47] - Inventory increased by 11% from year-end, with in-transit inventory up 15% [51] Business Line Performance - US retail grew over 150% year-over-year, driven by the opening of four new stores, including a flagship in Manhattan [35] - International growth slowed due to macro factors, with an estimated $15 million to $20 million impact on full-year revenue [13][53] - The company launched new products, including the Tree Flyer, which has a 70% rebound rate and a 20% reduction in carbon footprint [22][23] - The collaboration with Adidas resulted in over 90% of inventory sold within three days [17] Market Performance - US market showed strong growth, with digital and physical retail performing well [9] - International markets, particularly China and the EU, faced demand headwinds due to COVID restrictions and geopolitical tensions [10][12] - The strengthening dollar in international markets, especially in Europe and Japan, created a drag on revenue [12] Strategic Direction and Industry Competition - The company's growth pillars include product innovation, expanding the store portfolio, and scaling the international business [15] - Allbirds is leveraging third-party partnerships, such as Zalando in Europe and Public Lands in the US, to increase brand awareness and drive growth [39][40] - The company is focused on sustainable innovation, with products like the Tree Flyer showcasing its commitment to reducing carbon footprint [22][23] - Allbirds' vertical retail model differentiates it from competitors, with over 99% of distribution conducted through this model [38] Management Commentary on Operating Environment and Future Outlook - Management expects strong top-line growth of 21% to 24% in 2022, within the medium-term revenue growth target of 20% to 30% [14] - The company is managing a cautious outlook due to transitory factors affecting the international business, including the Ukraine crisis and COVID restrictions in China [13][53] - Management remains confident in achieving medium-term targets, including gross margins north of 60% and adjusted EBITDA margins in the mid-to-high teens [62][63] Other Important Information - The company is navigating logistics and distribution center cost headwinds, with an estimated 450 to 500 basis points of impact over a two-year period [57] - Allbirds is focusing on responsible growth, balancing top-line and bottom-line performance, and managing SG&A spending to offset external headwinds [61][64] - The company is targeting breakeven adjusted EBITDA in the second half of 2022, driven by strong product pipeline, retail expansion, and third-party partnerships [60][61] Q&A Session Summary Question: Confidence in second-half reacceleration - Drivers include a strong product pipeline, more retail stores, and increased velocity in the omnichannel flywheel [66] Question: Impact of promotions and pricing - The company has not observed significant pushback on recent price increases, reflecting the strength of the brand and product quality [68][69] Question: Second-quarter guidance and international impact - The majority of the downward revision is due to international headwinds, particularly in China and Europe, with some signs of recovery in demand [72][73] Question: Inventory composition and supply chain impact - The company has moved footwear production out of China, with most production now in Vietnam and Korea, minimizing supply chain disruptions [76][77] Question: Long-term gross margin outlook - Management remains confident in achieving long-term gross margin targets, driven by growth in retail and international businesses, strong pricing power, and new higher-margin products [125][129] Question: Store growth and international expansion - The company plans to open 16 to 17 stores in 2022, heavily weighted towards the US, with a focus on dynamic and rightsized strategies for international markets [135][136]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________ ___________________________________ FORM 10-K ___________________________________ (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number 001-40963 A ...

Allbirds, Inc. (NASDAQ:BIRD) Q4 2021 Earnings Conference Call February 23, 2022 5:00 PM ET Company Participants Kyle Khasigian - VP, Finance Joey Zwillinger - Co-CEO and Co-Founder Tim Brown - Co-CEO and Co-Founder Mike Bufano - CFO Conference Call Participants Jim Duffy - Stifel Lorraine Hutchinson - Bank of America Kimberly Greenberger - Morgan Stanley Erinn Murphy - Piper Sandler Sharon Zackfia - William Blair Dana Telsey - Telsey Group Matthew Boss - JPMorgan Bob Drbul - Guggenheim Mark Altschwager - Ba ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | |----------------------------------------------------------------------------| | | | For transition period from Commission File Number 001-40963 | | | | Allbirds, Inc. (Exact na ...