Allbirds Inc - Ordinary Shares Class A

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Allbirds Reports Third Quarter 2021 Financial Results

Published: 11/30/2021 21:31 GMT
Allbirds Inc - Ordinary Shares Class A (BIRD) - Allbirds Reports Third Quarter 2021 Financial Results.
Q3 GAAP Loss per Share $0.25.
Sees FY Revenue Up 23 to 24 Percent.
Sees FY Revenue $270 Million to $272 Million.
Qtrly Net Revenue Rose 33% to $62.7 Million Compared to Q3 of 2020.
Quarter End Inventories Totaled $99 Million, an Increase of 55% Compared to Q3 of 2020.
Sees FY Adjusted EBITDA of Negative $17 Million to $15 Million, Including Estimated $5 Million of Public Co Costs.
Q3 Earnings per Share View $-0.12, Revenue View $61.9 Million -- Refinitiv Ibes Data (analyst estimates).
Saw Strong Consumer Response in Quarter to New Product Innovation, Including New Perform Apparel Line.
FY Revenue View $271.6 Million -- Refinitiv Ibes Data (analyst estimates).
Allbirds - Yoy Increase in Quarter-end Inventories Reflects Longer Ocean Shipping Lead Times.
Allbirds - Yoy Increase in Quarter-end Inventories Reflects Decision to Build Inventories in Response to Strong Consumer Demand Ahead of Holiday Season.