Allbirds makes another big quarterly loss, reveals more on restructure

Albirds co-founder Tim Brown. (Image: Supplied)

Thu, 08 Aug 2024

Allbirds has suffered another quarter of falling revenue and more red ink, but its net loss has narrowed, and the firm says it is progressing with a restructure.It said its full-year ebitda loss could be slightly less than predicted in March.The firm's June quarter net loss was US$19.1 million (NZ$31.8m), compared to US$28.9m in the second quarter of 2023.The Kiwi-American firm’s cumulative losses for 2024 now stand at US$46.5m, compared to US$64.1m in the first half of last year.Revenue fell 27% from the year-ago US$70.5m to US$51.6m...

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