Bird Announces First Quarter 2022 Financial Results | Diskussion im Forum
eröffnet am 08.06.22 15:31:56 von
neuester Beitrag 18.11.22 16:13:09 von
neuester Beitrag 18.11.22 16:13:09 von
ISIN: US09077J1079 · WKN: A3C67Y · Symbol: BRDS
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18.11. -- FORM 10-Q ist da: https://sec.report/Document/0001861449-22-000266/
...
Going Concern
The Company has incurred recurring losses and negative cash flows since inception and has an accumulated deficit of $1,503.5 million as of September 30, 2022. For the nine months ended September 30, 2022, the Company used approximately $44.9 million of cash in operations.
The Company’s ability to fund working capital, make capital expenditures, and service its debt will depend on its ability to generate cash from operating activities, which is subject to its future operating success, and obtain financing on reasonable terms, which is subject to factors beyond its control, including general economic, political, and financial market conditions.
The capital markets have in the past experienced, are currently experiencing, and may in the future experience, periods of volatility that could impact the availability and cost of equity and debt financing and there can be no assurances that such financing will be available to the Company on satisfactory terms, or at all.
As of September 30, 2022, the Company had $38.5 million in unrestricted cash and cash equivalents which, without additional funding, will not be sufficient to meet the Company’s obligations within the next twelve months from the date of issuance of these condensed consolidated financial statements. If the Company is unable to raise additional capital or generate cash flows necessary to expand its operations and invest in continued innovation, it may not be able to (14)
=> einfache Geschichte hier mMn:
a/ erst kam der zweijährige, mutmaßliche Bilanzbetrug
b/ nun steht mutmaßlich die Insolvenz vor der Tür innerhalb der nächsten 12 Monate
...
Going Concern
The Company has incurred recurring losses and negative cash flows since inception and has an accumulated deficit of $1,503.5 million as of September 30, 2022. For the nine months ended September 30, 2022, the Company used approximately $44.9 million of cash in operations.
The Company’s ability to fund working capital, make capital expenditures, and service its debt will depend on its ability to generate cash from operating activities, which is subject to its future operating success, and obtain financing on reasonable terms, which is subject to factors beyond its control, including general economic, political, and financial market conditions.
The capital markets have in the past experienced, are currently experiencing, and may in the future experience, periods of volatility that could impact the availability and cost of equity and debt financing and there can be no assurances that such financing will be available to the Company on satisfactory terms, or at all.
As of September 30, 2022, the Company had $38.5 million in unrestricted cash and cash equivalents which, without additional funding, will not be sufficient to meet the Company’s obligations within the next twelve months from the date of issuance of these condensed consolidated financial statements. If the Company is unable to raise additional capital or generate cash flows necessary to expand its operations and invest in continued innovation, it may not be able to (14)
=> einfache Geschichte hier mMn:
a/ erst kam der zweijährige, mutmaßliche Bilanzbetrug
b/ nun steht mutmaßlich die Insolvenz vor der Tür innerhalb der nächsten 12 Monate
Da schau her:
14.11.
Bird tells SEC it overstated revenue for two years
https://techcrunch.com/2022/11/14/bird-tells-sec-it-overstat…
...
Micromobility company Bird said Monday it had overstated its revenue for more than two years by recognizing unpaid customer rides.
Bird’s audit committee found on Friday that the company’s financial reports spanning the first quarter of 2020 through the second quarter of 2022 “should no longer be relied upon,” according to a U.S. Securities and Exchange Commission (SEC) filing.
The committee discovered the discrepancy while preparing Bird’s financial statements for the quarter ended September 30, 2022. The Santa Monica-based e-scooter and e-bike sharing company also said it will delay filing its third-quarter financial report, originally scheduled for Monday.
Bird said it had recorded revenue on certain trips even when customers lacked sufficient “preloaded ‘wallet’ balances.” The company said it should have reported the unpaid balances on its financial statements as deferred revenue.
An internal investigation found that the company’s “disclosure controls and procedures are not effective at a reasonable assurance level.”
Bird, which went public in a November 2021 SPAC deal that valued the company around $2.3 billion, said it plans to file its third-quarter results as soon as possible and restate its previous financial results.
In August, Bird reported that it missed Q2 revenue estimates slightly, with a net loss of $310.4 million on revenue of $76.7 million. It said that its total number of rides doubled over the year-ago period but that its average fare and number of rides per vehicle dropped.
Overall, the company suffered a tumultuous second quarter, announcing plans to dismantle its retail business and shut down operations in unprofitable markets; it also laid off close to 140 workers. CEO Travis VanderZanden stepped down as president in June, shortly after the New York Stock Exchange warned that the company could be delisted for trading below $1.
Bird said during its second-quarter financial report that it would realize savings from the cost-cutting measures in the third quarter.
=>
14.11.
Bird tells SEC it overstated revenue for two years
https://techcrunch.com/2022/11/14/bird-tells-sec-it-overstat…
...
Micromobility company Bird said Monday it had overstated its revenue for more than two years by recognizing unpaid customer rides.
Bird’s audit committee found on Friday that the company’s financial reports spanning the first quarter of 2020 through the second quarter of 2022 “should no longer be relied upon,” according to a U.S. Securities and Exchange Commission (SEC) filing.
The committee discovered the discrepancy while preparing Bird’s financial statements for the quarter ended September 30, 2022. The Santa Monica-based e-scooter and e-bike sharing company also said it will delay filing its third-quarter financial report, originally scheduled for Monday.
Bird said it had recorded revenue on certain trips even when customers lacked sufficient “preloaded ‘wallet’ balances.” The company said it should have reported the unpaid balances on its financial statements as deferred revenue.
An internal investigation found that the company’s “disclosure controls and procedures are not effective at a reasonable assurance level.”
Bird, which went public in a November 2021 SPAC deal that valued the company around $2.3 billion, said it plans to file its third-quarter results as soon as possible and restate its previous financial results.
In August, Bird reported that it missed Q2 revenue estimates slightly, with a net loss of $310.4 million on revenue of $76.7 million. It said that its total number of rides doubled over the year-ago period but that its average fare and number of rides per vehicle dropped.
Overall, the company suffered a tumultuous second quarter, announcing plans to dismantle its retail business and shut down operations in unprofitable markets; it also laid off close to 140 workers. CEO Travis VanderZanden stepped down as president in June, shortly after the New York Stock Exchange warned that the company could be delisted for trading below $1.
Bird said during its second-quarter financial report that it would realize savings from the cost-cutting measures in the third quarter.
=>
Antwort auf Beitrag Nr.: 71.736.953 von faultcode am 08.06.22 15:31:56...Penny stock bereits:
=> 23% der Belegschaft sollen nun gehen:
8.6.
Bird is reportedly laying off almost a quarter of its staff
https://news.yahoo.com/bird-reportedly-laying-off-over-100-e…
...
=> 23% der Belegschaft sollen nun gehen:
8.6.
Bird is reportedly laying off almost a quarter of its staff
https://news.yahoo.com/bird-reportedly-laying-off-over-100-e…
...
auch ein krasser De-SPAC-Absturz (Switchback II Corporation)...
Es handelt sich um einen automatisiert angelegten Thread zur Nachricht "Bird Announces First Quarter 2022 Financial Results" vom Autor Business Wire (engl.)
Bird Global, Inc. ("Bird" or the "Company") (NYSE:BRDS), a leader in environmentally friendly electric transportation, today announced financial results for the first quarter ended March 31, 2022. Travis VanderZanden, Founder and CEO of Bird, said, …
Lesen Sie den ganzen Artikel: Bird Announces First Quarter 2022 Financial Results
Bird Global, Inc. ("Bird" or the "Company") (NYSE:BRDS), a leader in environmentally friendly electric transportation, today announced financial results for the first quarter ended March 31, 2022. Travis VanderZanden, Founder and CEO of Bird, said, …
Lesen Sie den ganzen Artikel: Bird Announces First Quarter 2022 Financial Results
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