Revenue of American firm Allbirds’ at $39.3 mn in Q1 FY24

Allbirds reported a Q1 FY24 revenue decline of 27.6 per cent to $39.3 million due to reduced demand and store closures.
The company’s gross margin improved to 46.9 per cent, but net loss widened to $27.3 million.
Selling, general, and administrative and marketing costs decreased.
Adjusted EBITDA loss improved slightly to $20.9 million in Q1 FY24.

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