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Bird Global, Inc.OTCPK:BRDS.Q Stock Report

Market Cap US$15.8k
Share Price
n/a
My Fair Value
n/a
1Y-100.0%
7D0%
1D
Portfolio Value
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Bird Global, Inc.

OTCPK:BRDS.Q Stock Report

Market Cap: US$15.8k

Bird Global (BRDS.Q) Stock Overview

A micromobility company, engages in delivering electric transportation solutions for short distances in Canada, the United States, the European Union, the United Kingdom, the Middle East, South America, China, Mexico, Australia, New Zealand, and Japan. More details

BRDS.Q fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health0/6
Dividends0/6

Rewards

Earnings have grown 6.4% per year over the past 5 years

Risk Analysis

Negative shareholders equity

Highly volatile share price over the past 3 months

Does not have a meaningful market cap ($16K)

Latest financial reports are more than 6 months old

+ 1 more risk

BRDS.Q Community Fair Values

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Bird Global, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Bird Global
Historical stock prices
Current Share PriceUS$0.001
52 Week HighUS$2.58
52 Week LowUS$0.000001
Beta2.51
1 Month Change-98.32%
3 Month Change-97.58%
1 Year Change-99.96%
3 Year Change-100.00%
5 Year Changen/a
Change since IPO-100.00%

Recent News & Updates

Recent updates

Seeking Alpha • Jun 05

Bird Global Rides Into A Possible Chapter 11

Summary Bird Global's stock has declined by 88% over the last year due to liquidity issues and a high cash burn rate. Despite aggressive cost-cutting measures, Bird's net loss in the first quarter of fiscal 2023 was $44.3 million, around 150% of revenue and 148% of the company's current market cap. BRDS's management is guiding for positive free cash flows by the end of fiscal 2023, but the current cash burn and debt position make the stock a risky investment to be avoided. Read the full article on Seeking Alpha
Seeking Alpha • Nov 14

Bird Global reports Q3 results

Bird Global press release (NYSE:BRDS): Q3 Net Loss of $9.8M Revenue of $72.9M (19% Y/Y). "Ride Profit (before Vehicle Depreciation) was $37.7 million, representing an increase of 41% compared to $26.7 million in the prior year period. Ride Profit Margin (before Vehicle Depreciation) was 55%, up 10 percentage points compared to 45% in the prior year period, benefiting from lower operating costs," report. Adjusted EBITDA was $0.2 million compared to Adjusted EBITDA loss of $9.9 million in the prior year period. Outlook: The management said, "Upon completion, we expect to record on-going breakage revenue and anticipate booking a true-up that would increase our revenues next quarter. As a result of these two accounting adjustments, we are withdrawing our previous fiscal year 2022 revenue guidance of $275 to $325 million.”
Seeking Alpha • Oct 11

Bird amends its apollo vehicle financing credit facility

Bird Global (NYSE:BRDS) has announced that its subsidiary, Bird R ides has amended its existing $150 million vehicle financing credit facility with MidCap Financial Investment Corporation and MidCap Financial Trust. Bird Global is a leader in eco-friendly electric transportation and the Company will pay down $45 million of the current facility loan balance using its restricted cash, which will significantly reduce future interest and amortization payments. Apollo has been a supportive, long-standing partner, helping us structure a first-of-its kind micro mobility vehicle financing facility to cover substantially all of our global vehicle capital expenditures. The amendment provides the Company meaningful financial and operational flexibility, along with cash management benefits,” said Ben Lu, chief financial officer of Bird Global. Company are pleased to continue to support Bird through an amendment of the credit facility. Our long-standing relationship has expanded over time, and we remain confident in Bird’s ability to continue to execute and deliver against their plans,” said Aaron Kless, MidCap Managing Director. Source: Press Release
Seeking Alpha • Sep 21

Bird Global appoints CEO, CFO, chief technology officer

Electric transportation company Bird Global (NYSE:BRDS) appointed President Shane Torchiana the company's president and CEO. Torchiana succeeds Travis VanderZanden, who will remain board chairman. Torchiana is also appointed to the board, subject to stockholder approval. Ben Lu is appointed CFO, succeeding Yibo Ling. Lu most recently was the CFO of Archer Aviation. Senior Vice President of Engineering Lance Bradley has been promoted to the post of chief technology officer. The appointments are effective immediately. Additionally, Justin Kan has resigned from the board with immediate effect. Source: Press Release
Seeking Alpha • Aug 23

Cities permit Bird Global extension of shared e-mobility programs, company expands

Electric transportation company Bird Global (NYSE:BRDS) said it has been permitted an extension of shared e-mobility programs by certain cities, and is expanding to new cities in the country. The company partners with cities and universities to offer students, residents and visitors eco-friendly transportation alternatives. Cities including San Diego, California, Memphis, Tennessee, Newark, New Jersey, Durham, North Carolina, Louisville and Kentucky will extend their shared e-mobility programs with the company. Also, it will return to Minneapolis and Minnesota and expand to Bradenton, Florida, Knoxville, Tennessee, the University of Oregon and Eugene, Oregon, UNC Wilmington and North Carolina before students return to college campuses for the fall semester. Source: Press Release
Analysis Article • Mar 18

Analysts Have Been Trimming Their Bird Global, Inc. (NYSE:BRDS) Price Target After Its Latest Report

One of the biggest stories of last week was how Bird Global, Inc. ( NYSE:BRDS ) shares plunged 35% in the week since...

Shareholder Returns

BRDS.QUS TransportationUS Market
7D0%-3.7%-2.3%
1Y-100.0%7.3%21.2%

Return vs Industry: BRDS.Q underperformed the US Transportation industry which returned 6.7% over the past year.

Return vs Market: BRDS.Q underperformed the US Market which returned 15.9% over the past year.

Price Volatility

Is BRDS.Q's price volatile compared to industry and market?
BRDS.Q volatility
BRDS.Q Average Weekly Movement29,081.0%
Transportation Industry Average Movement6.1%
Market Average Movement7.2%
10% most volatile stocks in US Market16.7%
10% least volatile stocks in US Market3.1%

Stable Share Price: BRDS.Q's share price has been volatile over the past 3 months.

Volatility Over Time: BRDS.Q's weekly volatility has increased from 14242% to 29081% over the past year.

About the Company

FoundedEmployeesCEOWebsite
2017426Michael Washinushiwww.bird.co

Bird Global, Inc., a micromobility company, engages in delivering electric transportation solutions for short distances in Canada, the United States, the European Union, the United Kingdom, the Middle East, South America, China, Mexico, Australia, New Zealand, and Japan. The company offers a fleet of e-scooters and e-bikes to riders through bird.co website. It sells vehicles to distributors, retailers, and direct customers.

Bird Global, Inc. Fundamentals Summary

How do Bird Global's earnings and revenue compare to its market cap?
BRDS.Q fundamental statistics
Market capUS$15.82k
Earnings (TTM)-US$109.85m
Revenue (TTM)US$201.86m
0.0x
P/S Ratio
0.0x
P/E Ratio

Is BRDS.Q overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BRDS.Q income statement (TTM)
RevenueUS$201.86m
Cost of RevenueUS$81.41m
Gross ProfitUS$120.45m
Other ExpensesUS$230.30m
Earnings-US$109.85m

Last Reported Earnings

Sep 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)-6.95
Gross Margin59.67%
Net Profit Margin-54.42%
Debt/Equity Ratio-406.5%

How did BRDS.Q perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/08/05 11:16
End of Day Share Price 2024/08/02 00:00
Earnings2023/09/30
Annual Earnings2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Bird Global, Inc. is covered by 3 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Richard TullisCapital One Securities, Inc.
Thomas WhiteD.A. Davidson & Co.
Eric SheridanGoldman Sachs