Bird Global (BRDS) Reports Q3 Net Loss of $9.8M

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Go back to Bird Global (BRDS) Reports Q3 Net Loss of $9.8M

Bird Announces Third Quarter 2022 Financial Results

November 14, 2022 4:05 PM EST

Third Quarter Revenue Increased by 19% YoY to $72.9 Million

Gross Margin Reached Record High of 38%

GAAP Net Loss But First Positive Adjusted EBITDA and Operating Cash Flow Quarter

Achieved Annual Run-Rate Savings of $80 Million; Targeting $30-$40 Million Cost Reduction by Early 2023

MIAMI--(BUSINESS WIRE)-- Bird Global, Inc. ("Bird" or the "Company") (NYSE: BRDS), a leader in environmentally friendly electric transportation, today announced financial results for the third quarter ended September 30, 2022.

Revenue increased 19% to $72.9... More