Bird Global, Inc.

OTCPK:BRDS.Q Stock Report

Market Cap: US$15.8k

Bird Global Management

Management criteria checks 0/4

We currently do not have sufficient information about the CEO.

Key information

Michael Washinushi

Chief executive officer

n/a

Total compensation

CEO salary percentagen/a
CEO tenure1yr
CEO ownership0.3%
Management average tenure1.2yrs
Board average tenure1.7yrs

Recent management 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...

CEO

Michael Washinushi (55 yo)

1yr
Tenure

Mr. Michael Akihiko Washinushi served as Chief Financial Officer at Bird Global, Inc. since January 03, 2023 until August 30, 2023 and is Interim Chief Executive Officer from August 10, 2023. He served as...

Leadership Team

NamePositionTenureCompensationOwnership
Michael Washinushi
Interim CEO1yrno data0.26%
$ 40.6
Stewart Lyons
President1.6yrsno data2.23%
$ 352.2
H. Prodan
Chief Financial Officer1yrno data0.19%
$ 30.0
Jeffrey Vance
Corporate Controller & Principal Accounting Officer1.3yrsno datano data
Hunter Gray
Chief Technology Officerless than a yearno datano data
Andrew Tom
Investor Relations Officerno datano datano data
Renaud Fages
Chief Mobility Officer2.8yrsno datano data
Ellen Beardsley
Secretaryno datano datano data
Karen Tan
Director of Investor Relationsno datano datano data
1.2yrs
Average Tenure
53yo
Average Age

Experienced Management: BRDS.Q's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Philip Ryan
Independent Director1.4yrsno data0.063%
$ 10.0
Robert Komin
Independent Director2.8yrsUS$206.19k0.083%
$ 13.1
Kevin Talbot
Independent Director1.7yrsno datano data
John Bitove
Independent Chairman1.6yrsno data1.63%
$ 257.1
Antonio Occhionero
Independent Director1.7yrsno datano data
James Mutrie
Independent Director2.8yrsUS$319.84k0.060%
$ 9.4
Racquel Russell
Independent Director2.8yrsUS$191.19k0.080%
$ 12.6
Harvey Tepner
Independent Directorless than a yearno datano data
1.7yrs
Average Tenure
59yo
Average Age

Experienced Board: BRDS.Q's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/08/05 08:21
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