Bird Rides, Inc., doing business as Bird, provides electric scooter rental services in North America, Europe, and the Middle East. It offers a fleet of electric shared scooters that can be accessed through smartphones. It also sells its electric scooter through its online platform. Bird Rides, Inc. was incorporated in 2017 and is based in Santa Monica, California.
IPO Year: 2021
Exchange: NYSE
Website: bird.co
Date | Price Target | Rating | Analyst |
---|---|---|---|
1/7/2022 | $6.00 | Neutral | Goldman |
4 - Bird Global, Inc. (0001861449) (Issuer)
Goldman initiated coverage of Bird Global with a rating of Neutral and set a new price target of $6.00
- Reuters
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Bird Global, Inc. (NYSE:BRDS) shares fell sharply on Wednesday. The drop follows a surge in the price on Tuesday following the company's announcement of its purchase of Skinny Labs. What To Know: Bird Global announced it had acquired micromobility operator Skinny Labs, Inc from TIER Mobility on Tuesday for $19 million. The stock popped nearly 70% Tuesday, with trading being halted and resuming several times. On Wednesday, Bird Global stock pulled back steeply from Tuesday's spike in price. According to data from Benzinga Pro, the stock experienced above-average trading volume of 2.84 million shares as well on Wednesday compared to its average volume of 498,502. Related Link: Roblox Stre
Gainers MSP Recovery, Inc. (NASDAQ:LIFW) shares jumped 104.5% to $0.1916. Digital Transformation Opportunities Corp. (NASDAQ:DTOC) rose 100.7% to $27.50 after dipping 53% on Tuesday. Bluejay Diagnostics, Inc. (NASDAQ:BJDX) gained 56.4% to $4.8499. Bluejay Diagnostics, last month, announced a $1.59 million registered direct offering of 216,000 shares at $7.365 per share. Fresh Tracks Therapeutics, Inc. (NASDAQ:FRTX) shares gained 50% to $0.8705 after the company announced its Board of Directors has approved a plan of liquidation and dissolution. AgriFORCE Growing Systems Ltd. (NASDAQ:AGRI) rose 38% to $0.1478. TransCode Therapeutics, Inc. (NASDAQ:RNAZ) shares gained 32.9% to $0.6974
Gainers TransCode Therapeutics, Inc. (NASDAQ:RNAZ) shares rose 70.2% to $0.8937 in pre-market trading after falling 10% on Tuesday. Fresh Tracks Therapeutics, Inc. (NASDAQ:FRTX) shares rose 53.2% to $0.8887 in pre-market trading after the company announced its Board of Directors has approved a plan of liquidation and dissolution. EBET, Inc. (NASDAQ:EBET) shares rose 32.7% to $0.0702 in pre-market trading. Exscientia plc (NASDAQ:EXAI) shares jumped 25.6% to $6.36 in pre-market trading. Exscientia and Merck announced collaboration on AI-driven drug discovery in oncology, neuroinflammation, and immunology. Histogen Inc. (NASDAQ:HSTO) shares gained 21.5% to $0.48 in pre-market trading.
Bird Global, Inc. (NYSE:BRDS) shares traded higher Tuesday after the company announced its purchase of micromobility operator Skinny Labs for $19 million. What To Know: Bird Global announced it has acquired Skinny Labs, Inc from Berlin-based TIER Mobility on Tuesday for $19 million, making Bird the largest micromobility operator in North America by market share. Bird will now serve roughly 350 markets globally with over 200,000 vehicles. "Spin is a great financial and strategic acquisition for Bird and we expect this acquisition will enable us to achieve long term sustainable profitability. In addition to our overall market leadership in North America, the company now holds a leading marke
Synergies upwards of $20 million and key profitable markets including Washington D.C., Baltimore, MD and Salt Lake City UT.Combined, Bird will serve approximately 350 markets globally with over 200,000 vehiclesBird Global, Inc. (NYSE:BRDS), ("Bird" or the "Company") a leader in environmentally friendly electric transportation, today announced it has acquired shared electric bike and scooter operator Skinny Labs, Inc, (doing business as Spin) from Berlin-based TIER Mobility. The transaction makes Bird the largest micromobility operator in North America by market share1 and is expected to be immediately accretive to earnings. Spin is now a wholly-owned subsidiary of Bird Rides, Inc. The purcha
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Bird has sufficient liquidity to meet financial obligations to city partners, vendors, suppliers, and employees during and after the restructuring process, and will operate as usual Agreement has unanimous support of first- and second-lien lenders Apollo Global Management and second-lien lenders to provide $25 million in DIP financing MIAMI, Dec. 20, 2023 /PRNewswire/ -- Bird Global, Inc. (OTCQX:BRDS), ("Bird" or the "Company") a leader in environmentally friendly electric transportation, today announced its entry into a financial restructuring process aimed at strengthening its balance sheet and better positioning the company for long-term, sustainable growth. Bird will operate as usual dur
In a groundbreaking partnership to boost voter turnout and civic engagement, Bird Global, Inc. (OTCQX:BRDS), the largest micromobility operator in North America, is joining forces with Rock the Vote, the preeminent organization dedicated to engaging and building the political power of young people. This collaboration aims to promote and amplify the importance of voting and help to ensure that every eligible voter has the tools and information they need to participate in the upcoming elections. As part of this initiative, on Election Days in markets Bird operates, residents will be able to use a promotional code in the Bird app to unlock two complimentary 30-minute rides. The aim is to bre
NEW YORK, Sept. 29, 2023 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX:OTCM), operator of regulated markets for 12,000 U.S. and international securities, today announced Bird Global, Inc. (OTCQX:BRDS), a micromobility company, has qualified to trade on the OTCQX® Best Market. Bird Global, Inc. previously traded on the New York Stock Exchange. Bird Global, Inc. begins trading today on OTCQX under the symbol "BRDS." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com. Trading on the OTCQX Market offers companies efficient, cost-effective access to the U.S. capital markets. Streamlined market requirements for OTCQX are
Business is on Track with the Integration of Recently Acquired Spin Company Intends to Appeal Determination Bird Global, Inc. (NYSE:BRDS) ("Bird" or the "Company") a leader in environmentally friendly electric transportation, today announced it received notice from the New York Stock Exchange ("NYSE") that NYSE will suspend trading of, and commence proceedings to, delist shares of Bird's Class A common stock, effective at the open of business eastern standard time on September 25, 2023. The determination was made in connection with Bird's non-compliance with an NYSE listing requirement necessitating a market cap of greater than $15 million over a consecutive 30-day period. The Comp
Synergies upwards of $20 million and key profitable markets including Washington D.C., Baltimore, MD and Salt Lake City UT. Combined, Bird will serve approximately 350 markets globally with over 200,000 vehicles Bird Global, Inc. (NYSE:BRDS), ("Bird" or the "Company") a leader in environmentally friendly electric transportation, today announced it has acquired shared electric bike and scooter operator Skinny Labs, Inc, (doing business as Spin) from Berlin-based TIER Mobility. The transaction makes Bird the largest micromobility operator in North America by market share1 and is expected to be immediately accretive to earnings. Spin is now a wholly-owned subsidiary of Bird Rides, Inc. The
Bird Global, Inc. (NYSE:BRDS), a leader in environmentally friendly electric transportation, today announced the promotion of Hunter Gray to Chief Technology Officer. Throughout his tenure at Bird, Mr. Gray has led the product, data, and design teams, spearheading the creation and execution of the company's product roadmap across vehicles, payments, rider experience, city solutions, and marketplace, which is Bird's AI technology for predicting where there will be rider demand for scooters, down to street-corner level precision. "Hunter has proven to be a strong leader and a key contributor to our culture of innovation. He has spearheaded numerous tech initiatives in support of our riders,
Bird Global, Inc. (NYSE:BRDS), a leader in environmentally friendly electric transportation, today announced the appointment of H. Joseph (Joe) Prodan as Chief Financial Officer (CFO), effective August 30, 2023. Mr. Prodan succeeds Michael Washinushi, following his recent appointment to Interim CEO. "I am delighted to welcome Joe as our new Chief Financial Officer," said Washinushi. "His deep expertise in running the finance function at both public and private companies paired with his strategic mindset and commitment to excellence align perfectly with Bird's values and vision for the future. I am confident that Joe will play an instrumental role as we continue to build a self-sustaining
Bird riders clocked nearly 16 million miles over the summer season with 11 million rides taken; 1.2 million new users turned to micromobility to get around Bird Global, Inc. (NYSE:BRDS), a leader in environmentally friendly electric transportation, today reported ridership results from the 2023 summer season. From June 1st through September 3rd, Bird riders clocked in nearly 16 million total miles – equivalent to circling the earth over 600 times. "This has been another incredible summer for Bird as we've expanded our reach, improved accessibility, and contributed to a greener, more connected world. Our ridership figures are a testament to the dedication of our riders as well as the har
‘First 5 Minutes Free' promotion returns exclusively for Labor Day Bird Global, Inc. (NYSE:BRDS), a leader in environmentally friendly electric transportation, today announced the launch of its new Back to School Ride Pass for students on college campuses across North America. The ride pass is designed to offer students safer, greener, and more enjoyable commute alternatives in areas where Bird operates. "Ride pass testing has consistently shown increased weekly active users, improved customer retention, and longer ride distances, highlighting its effectiveness in driving platform growth," said Stewart Lyons, President at Bird. "That is why we're excited to bring it back this year for s
Bird Global, Inc. (NYSE:BRDS), a leader in environmentally friendly electric transportation and current e-scooter operator in the Greater Miami area, announced its official launch in South Miami, marking an important milestone in the company's mission to make cities more livable by reducing car usage, traffic, and congestion. Bird's expansion into South Miami further highlights the company's dedication to the South Florida region, and ensures more people between major routes can reduce single-occupant car trips through scooters and public transit. The arrival of Bird in South Miami introduces an affordable, convenient, and eco-friendly transportation alternative. With a fleet of their m
Net loss was $(9.3) million compared to $(320.3) million in the second quarter of 2022 Adjusted EBITDA for the second quarter improved by $27.7 million to $(1.2) million from $(28.9) million in the second quarter of 2022 Gross profit of $19.4 million compared to $(23.2) million in the prior year period Consolidated gross margin of 40% improved by 75 basis points year-over-year Year-over-year ride profit (before depreciation) margin improved by 10 points to 57% in the second quarter Total operating expenses in the second quarter decreased 89% and adjusted operating expenses decreased 50% Bird Global, Inc. ("Bird" or the "Company") (NYSE:BRDS), a leader in environmentally f
Bird Global, Inc. ("Bird" or the "Company") (NYSE:BRDS), a leader in environmentally friendly electric transportation, today announced that it will release financial results for the second quarter 2023 after the U.S. market closes on Wednesday, August 9, 2023. The Company will host a webcast and conference call the following day at 8:00 a.m. Eastern Time on Thursday, August 10, 2023, to discuss the financial results and other business updates. Interested parties are invited to join the live webcast available online at https://ir.bird.co. A recorded replay of the webcast will be available within two hours of the conclusion of the event and can be accessed online at https://ir.bird.co for 9
Consolidated gross margin improved by 15 points to 17% and Ride Profit Margin before vehicle depreciation improved by 17 points to 52% Total operating expenses decreased 60% year-over-year; Adjusted Operating Expenses decreased 39% year-over-year Net loss of $44.3 million Adjusted EBITDA improved by $23.8 million to $(15.6) million from $(39.4) million in the prior year period Reaffirmed 2023 guidance with Adjusted EBITDA of $15 to $20 million, and positive cash flow of $5 to $10 million 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,
Bird Global, Inc. ("Bird" or the "Company") (NYSE:BRDS), a leader in environmentally friendly electric transportation, today announced that it will release financial results for the first quarter 2023 after the U.S. market closes on Wednesday, May 10, 2023. The Company will host a webcast and conference call the following day at 8:00 a.m. Eastern Time on Thursday, May 11, 2023, to discuss the financial results and other business updates. Participants are invited to dial 1-877-407-0792 approximately 10 minutes prior to the start of the call, or join the live audio webcast available online at https://ir.bird.co. A recorded replay of the webcast will be available within two hours of the conc
Third Quarter Revenue Increased by 19% YoY to $72.9 Million Gross Margin Reached Record High of 38% GAAP Net Loss But First Positive Adjusted EBITDA and Operating Cash Flow Quarter Achieved Annual Run-Rate Savings of $80 Million; Targeting $30-$40 Million Cost Reduction by Early 2023 Bird Global, Inc. ("Bird" or the "Company") (NYSE:BRDS), a leader in environmentally friendly electric transportation, today announced financial results for the third quarter ended September 30, 2022. Revenue increased 19% to $72.9 million, compared to $61.1 million in the same period in 2021 (the "prior year period"), driven by a 15% increase in Sharing revenues. Consolidated gross margin was 38%, up 2
Second Quarter Revenue Increased by 28% YoY to $76.7 Million Strengthened Cash Position to $105 Million At Quarter End1 Reiterates Full Year 2022 Revenue Outlook; On Track to Achieve Cost Savings Initiatives Bird Global, Inc. ("Bird" or the "Company") (NYSE:BRDS), a leader in environmentally friendly electric transportation, today announced financial results for the second quarter ended June 30, 2022. Travis VanderZanden, Founder and CEO of Bird, said, "During the second quarter, we took significant actions on our path to achieve profitability and to align our organization to prioritize balanced growth with expense and capital discipline. Through the cost savings initiatives we implement
Bird Global, Inc. ("Bird" or the "Company") (NYSE:BRDS), a leader in environmentally friendly electric transportation, today announced that its financial results for the second quarter of fiscal 2022 will be released after market closes on Monday, August 15, 2022. The Company will host a conference call at 4:30 p.m. Eastern Time to discuss the financial results and other business updates. Investors and analysts interested in participating in the call are invited to dial 877-407-0792 (international callers please dial 201-689-8263) approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available online at bird.co/investor. A recorded re
First Quarter Revenue Increased by 48% YoY to $38.0 Million, Above the Guidance Range Announces Cost Savings Initiatives Focused on Accelerating Path to Profitability 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, "Our first quarter revenue performance exceeded our guidance range. The results were driven by continued demand recovery into the end of the period and a strong foundation of leading technology and Fleet Manager operating model efficiencies. Looking forward, we are taking action
Bird Global, Inc. ("Bird" or the "Company") (NYSE:BRDS), a leader in environmentally friendly electric transportation, today announced that its financial results for the first quarter of fiscal 2022 will be released after market closes on Monday, May 16, 2022. The Company will host a conference call at 4:30 p.m. Eastern Time to discuss the financial results and other business updates. Investors and analysts interested in participating in the call are invited to dial 844-826-3033 (international callers please dial 412-317-5185) approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available online at bird.co/investor. A recorded replay
Delivers Record Fourth Quarter and Full Year Performance Fiscal 2021 Revenue Increased by 117% YoY to $205.1 Million, at the High End of the Guidance Range Provides First Quarter and Full Year 2022 Revenue Outlook Bird Global, Inc. ("Bird" or the "Company") (NYSE:BRDS), a leader in environmentally friendly electric transportation, today announced financial results for the fourth quarter and full year ended December 31, 2021. Travis VanderZanden, Founder and CEO of Bird, said, "We are very pleased with our strong finish to fiscal 2021. We exceeded our increased expectations for the year by capitalizing on the momentum driven by easing pandemic-related restrictions and continued adoption
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Bird has sufficient liquidity to meet financial obligations to city partners, vendors, suppliers, and employees during and after the restructuring process, and will operate as usual Agreement has unanimous support of first- and second-lien lenders Apollo Global Management and second-lien lenders to provide $25 million in DIP financing MIAMI, Dec. 20, 2023 /PRNewswire/ -- Bird Global, Inc. (OTCQX:BRDS), ("Bird" or the "Company") a leader in environmentally friendly electric transportation, today announced its entry into a financial restructuring process aimed at strengthening its balance sheet and better positioning the company for long-term, sustainable growth. Bird will operate as usual dur
Synergies upwards of $20 million and key profitable markets including Washington D.C., Baltimore, MD and Salt Lake City UT. Combined, Bird will serve approximately 350 markets globally with over 200,000 vehicles Bird Global, Inc. (NYSE:BRDS), ("Bird" or the "Company") a leader in environmentally friendly electric transportation, today announced it has acquired shared electric bike and scooter operator Skinny Labs, Inc, (doing business as Spin) from Berlin-based TIER Mobility. The transaction makes Bird the largest micromobility operator in North America by market share1 and is expected to be immediately accretive to earnings. Spin is now a wholly-owned subsidiary of Bird Rides, Inc. The
Bird Global, Inc. (NYSE:BRDS), a leader in environmentally friendly electric transportation, today announced the appointment of H. Joseph (Joe) Prodan as Chief Financial Officer (CFO), effective August 30, 2023. Mr. Prodan succeeds Michael Washinushi, following his recent appointment to Interim CEO. "I am delighted to welcome Joe as our new Chief Financial Officer," said Washinushi. "His deep expertise in running the finance function at both public and private companies paired with his strategic mindset and commitment to excellence align perfectly with Bird's values and vision for the future. I am confident that Joe will play an instrumental role as we continue to build a self-sustaining
Bird Global, Inc. (NYSE:BRDS), a leader in environmentally friendly electric transportation, today announced the appointment of Michael Washinushi as interim Chief Executive Officer (CEO), effective immediately. Mr. Washinushi will succeed Shane Torchiana and continue to oversee the finance organization until a CEO replacement is appointed. "On behalf of the board, we extend our gratitude to Shane for his leadership during this transitional time for the company," said John Bitove, Chair of the Board of Directors at Bird. "Michael is stepping in with the full support and confidence of the board. We are committed to Bird becoming a profitable, global e-scooter leader. We have had great succ
Bird Global, Inc. (NYSE:BRDS), a leader in environmentally friendly electric transportation, today announced the appointment of John Bitove as Chairperson of the Board of Directors, replacing Travis VanderZanden, who has decided to step down to pursue other ventures, effective immediately. "John is stepping into his new role with the full support of management and the Board," said Shane Torchiana, CEO, Bird. "At the same time, we are grateful for Travis's incredible contributions over the years to Bird as both the Founder of the company and Board Chair. He has made a lasting impact on the micromobility space and will be greatly missed by everyone at Bird. The Board and the management team