American brand Allbirds’ revenue at $90.9 mn in H1 FY24

Allbirds reported a 27.2 per cent drop in net revenue to $90.9 million for H1 FY24, with a slight improvement in net loss to $46.5 million.
Gross margin rose to 49 per cent from 41.6 per cent.
In Q2 FY24, revenue fell 26.8 per cent to $51.6 million, with a net loss of $19.1 million.
SG&A expenses decreased, and adjusted EBITDA loss improved to $13.7 million.