NASDAQ$BIRD

Allbirds Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported a decrease in revenue and a net loss for the fourth quarter of 2022, while announcing a strategic transformation plan to reignite growth.

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.

Headline financials

Total Revenue

$84.2M

Previous: $97.2M-13.4%
EPS (adj)

-$3.40

Previous: -$1.80-88.9%
Gross Margin

43.1%

Previous: 50.2%-14.1%
Capital Expenditures

$6.41M

Previous: $6.55M-2.2%
Free Cash Flow

-$14.8M

Previous: -$11.9M-24.6%
Net Income

-$24.9M

Previous: -$10.4M-139.4%
Operating Income

-$25.5M

Previous: -$6.4M-297.7%
Gross Profit

$36.3M

Previous: $48.8M-25.6%
Cash & Equivalents

$167M

Previous: $289M-42.1%
Total Assets

$462M

Previous: $488M-5.3%
Stock-Based Comp

$5.09M

Previous: $3.9M+30.5%

Revenue & EPS history

Allbirds · Revenue · Quarterly

$84.2M

Q4 2022-13.4%vs Q4 2021
Beat estimate in 7 of 14 quarters(50%)
ActualEstimate

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.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2022

Historical avgQ4 2022

-8.6%

Avg return

Earnings day

-8.6%

Avg return

5 days after

-0.2%

Avg return

30 days after

25%

6 / 24 earnings

Positive

+24.4%

Q4 2019

Best reaction

-51.2%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.8%-13.7%
Q4 2025+3.6%+10.9%+252.1%
Q3 2025-7.2%-28.2%-39.7%
Q2 2025-29.4%-27.9%-36.2%
Q1 2025-2.4%+23.8%+58.0%
Q4 2024-13.1%-13.5%-27.6%
Q3 2024-23.2%-29.7%-30.9%
Q2 2024+8.2%+6.5%-7.8%
Q1 2024-10.4%+2.9%-19.4%
Q4 2023-9.6%-12.0%-24.5%
Q3 2023-23.9%-29.3%+11.9%
Q2 2023+23.9%+18.7%-6.0%
Q1 2023-6.4%-4.9%+2.6%
Q4 2022-51.2%-56.4%-55.1%
Q3 2022-17.2%-6.6%-5.6%
Q2 2021-17.5%-7.2%-28.7%
Q2 2022-13.1%-0.2%-23.0%
Q1 2021-7.5%+0.2%+8.8%
Q1 2022-19.1%-13.8%+4.7%
Q4 2019+24.4%+16.5%+0.4%
Q4 2021+0.0%-8.1%-29.6%
Q4 2020+1.4%-5.2%+3.5%
Q3 2020+1.4%-5.2%+3.5%
Q3 2021-14.7%-24.6%-15.2%
Q2 2020
Q1 2020

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro