Bird Global, Inc.
ir.bird.coNo Longer Reporting
The company has not filed an annual or quarterly report since its Q3 FY2023 10-Q, filed Nov 14, 2023. Its latest SEC filing is a SC 13G/A from Jan 10, 2024.
10-Q for Q3 FY2023, filed Nov 14, 2023
The sections below describe the company as of the FY2022 annual report.
What Did They Do?
Rents shared electric scooters and bikes to riders through a mobile app, and sells vehicles for personal use through retail and wholesale channels.
10-K for FY2022, filed Mar 16, 2023Our offerings can be categorized into Sharing and Product Sales.View ↗
Our Sharing business, Bird’s core offering since 2017, provides riders with on-demand access to Bird vehicles through our mobile…View ↗
In addition to our Sharing business, we offer consumers the opportunity to purchase Bird vehicles for personal use. Bird’s Product Sales…View ↗
We also sell Bird vehicles for personal use (“Product Sales”). Our Product Sales business consists primarily of vehicle sales to retail…View ↗
How Did They Make Money?
Riders pay an unlock fee plus a per-minute charge for each ride, with payment processed after they confirm parking; the company also sells vehicles to distributors, retailers and consumers, generally when delivery terms are fulfilled.
10-K for FY2022, filed Mar 16, 2023
$244.7M
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10-K for FY2022, filed Mar 17, 2023
$244.7M ↗
Who Were Their Customers?
Riders rent vehicles through the Bird app. Vehicle sales go directly to distributors, retailers and consumers, while Bird Platform partners purchase fleets to run in their local markets.
10-K for FY2022, filed Mar 16, 2023Our Sharing business, Bird’s core offering since 2017, provides riders with on-demand access to Bird vehicles through our mobile…View ↗
Users can download the Bird App on both Android and iOS smartphone platforms and become an eligible Bird rider following a brief onboarding…View ↗
To scale our mission to a greater population, we offer a white labeled version of our products and technology (“Bird Platform”). Bird…View ↗
In addition to our Sharing business, we offer consumers the opportunity to purchase Bird vehicles for personal use. Bird’s Product Sales…View ↗
The Company sells vehicles directly to distributors, retailers, and consumers, generating Product Sales revenue. Revenue is generally…View ↗
Did Revenues Turn Into Profits?
No. It lost $358.7M in FY2022.
10-K for FY2022, filed Mar 17, 2023
−$471.4MView ↗
10-K for FY2022, filed Mar 17, 2023
−$358.7MView ↗
10-K for FY2022, filed Mar 17, 2023
−$57.3MView ↗
How Were They Changing?
- Net income
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Sources
10-Q for Q3 FY2023, filed Nov 15, 2023
−$19.8MView ↗
- ▲ +103% (Loss)
- vs −$9.8M in Q3 FY2022
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Dec 26, 2023
Bird and subsidiaries filed for Chapter 11 bankruptcy protection
The company said it would continue operating under court supervision while seeking approval for debtor-in-possession financing and a process to market some or all assets.
Sources
8-K, filed Dec 26, 2023
On December 20, 2023 (the “Petition Date”), Bird Global, Inc. (“Bird” or the “Company”) and certain of its direct and indirect subsidiaries…View ↗
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Sep 26, 2023
NYSE delisted Bird's shares and warrants
Trading was suspended and the company said it expected the securities to trade on the OTC Market.
Sources
8-K, filed Sep 26, 2023
On September 22, 2023, Bird Global, Inc. (the “Company”) received a written notice (the “Notice”) from the New York Stock Exchange (“NYSE”…View ↗
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Sep 19, 2023
Bird acquired Spin
Bird acquired all of Skinny Labs, which does business as Spin, for consideration of $19 million.
Sources
8-K, filed Sep 19, 2023
On September [19], 2023, Bird Global, Inc. (the “Company”) announced the acquisition by its wholly-owned subsidiary Bird Rides, Inc., a…View ↗
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Aug 10, 2023
Bird replaced its CEO and appointed an interim CEO
The board terminated Shane Torchiana and named Michael Washinushi interim CEO.
Sources
8-K, filed Aug 10, 2023
On August 9, 2023, the Board of Directors (the “Board”) of the Company terminated Shane Torchiana as Chief Executive Officer of the…View ↗
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