Welcome to our dedicated page for Bird Global news (Ticker: BRDS), a resource for investors and traders seeking the latest updates and insights on Bird Global stock.
Bird Global, Inc. (OTCQX: BRDS) delivers essential updates for stakeholders tracking its leadership in sustainable urban mobility. This dedicated news hub provides official announcements about corporate developments, operational milestones, and strategic initiatives in the micromobility sector.
Investors and partners will find timely updates on Bird's financial restructuring process, sustainability achievements, and service expansions. The curated collection includes press releases about operational continuity across 350+ cities, leadership updates from Interim CEO Michael Washinushi, and environmental impact progress through reduced urban congestion.
Key content focuses on restructuring developments with MidCap Financial and Apollo Global Management, fleet management innovations, and partnerships advancing carbon emission reduction goals. All materials maintain factual reporting standards while addressing both immediate corporate developments and long-term industry positioning.
Bookmark this page for streamlined access to Bird's verified announcements. Check regularly for updates on asset sales proceedings, international service maintenance, and new sustainability benchmarks in electric transportation solutions.
Bird Global reported a 28% year-over-year revenue increase in Q2 2022, reaching $76.7 million, driven by a strong performance in its Sharing business. The company has strengthened its cash position to $105 million and reiterated its revenue outlook of $275 million to $325 million for 2022. Despite a net loss of $310.4 million, largely due to impairment charges, Bird aims for positive Adjusted EBITDA by Q3 2022. The company is strategically focusing on operational efficiencies and cost savings to achieve profitability.
Bird Global, Inc. (NYSE:BRDS), a leader in eco-friendly electric transportation, announced its participation in two upcoming investor conferences. The first is the D.A. Davidson Big Sky Summit on August 22 at 1:00 PM MT in Big Sky, Montana, featuring one-on-one meetings and a fireside chat. The second is the 15th Annual Cowen Global Transportation & Sustainable Mobility Conference on September 9 at 12:20 PM ET, conducted virtually with similar engagement. These sessions will be webcast live, with an online archive available for 30 days.
Bird Global, Inc. (NYSE:BRDS) will release its financial results for Q2 2022 after the market closes on August 15, 2022. A conference call discussing these results will be held at 4:30 p.m. ET. Interested parties can join by calling 877-407-0792 or accessing the live webcast at bird.co/investor. A recorded replay will be available for 90 days post-call. Bird operates in over 400 cities, offering e-scooters and e-bikes, focusing on environmentally friendly transport solutions.
Bird Global, Inc. (NYSE:BRDS) has received a notice from the NYSE regarding non-compliance with Section 802.01C, as its Class A Common Stock has traded below $1.00 for 30 consecutive days. The company plans to notify the NYSE by July 5, 2022 of its intention to address this deficiency. Bird has a six-month window to regain compliance, potentially through measures such as a reverse stock split, contingent on shareholder approval. Despite this notice, the stock will continue to be listed and trade on the NYSE as long as other listing standards are met.
Bird Global, Inc. (NYSE:BRDS), a leader in electric transportation, announced its participation in two upcoming investor conferences:
- Credit Suisse 2022 Mobility Forum on June 21, 2022.
- The Fox Advisors 2022 Transportation Technology Conference on June 22, 2022.
Investors can reach out to Credit Suisse and Fox Advisors for further details. Founded in 2017, Bird provides sustainable transportation solutions like e-scooters and e-bikes in over 400 cities worldwide.
Bird Global reported a 48% year-over-year revenue increase to $38.0 million for Q1 2022, exceeding guidance. The company plans to accelerate profitability through cost-saving initiatives projected to yield at least $80 million in annual savings. Net income improved to $10.4 million, a significant turnaround from a $76.2 million loss in the previous year. However, the adjusted EBITDA loss was $36.8 million, worsening year-over-year. Looking ahead, Bird anticipates revenue between $275 million and $325 million for FY 2022, targeting positive adjusted EBITDA by Q3 2022.
Bird Global (NYSE:BRDS) has launched its innovative Bird Visual Parking System (VPS), powered by Google's ARCore Geospatial API. This technology allows for precise geo-localization of parked scooters, ensuring compliance with local parking norms. Bird VPS offers a seamless experience for riders, enabling them to check parking requirements immediately upon ending their ride. Currently piloted in New York City, San Francisco, and San Diego, Bird VPS is freely available to city partners, aiming to improve urban micromobility solutions significantly.
Bird Global, Inc. (NYSE:BRDS) will announce its Q1 fiscal 2022 financial results on May 16, 2022, after market close. A conference call will follow at 4:30 p.m. ET, where management will discuss the results and updates. Participants can join by calling 844-826-3033 (or international 412-317-5185). A live audio webcast will be available on the company's investor relations site. Additionally, Bird will present at the 17th Annual Needham Technology & Media Conference on May 18, 2022, at 3:00 p.m. ET.
Bird Global, Inc. (NYSE:BRDS) has launched Europe’s first joint private-public bikeshare integration in Madrid with the Madrid Municipal Transport Company (EMT). This initiative aims to enhance sustainable mobility options for residents and tourists. Bird's shared e-bikes will now be integrated into the Mobility 360 transit app, allowing easy access to both Bird and BiciMAD bikes. The partnership aligns with EMT's goal to shift towards decarbonized transportation, supported by a recent €1 billion investment from the city. This innovative program builds on Bird's existing Smart Bikeshare Program in several cities worldwide.
Bird Global, Inc. (NYSE:BRDS) has launched a pilot program for shared e-scooters in Indio, California, coinciding with the upcoming Coachella and Stagecoach festivals. This initiative aims to provide eco-friendly transportation options as gas prices rise. Bird will offer its low-emission vehicles via a mobile app, catering to residents and festival-goers. Indio's mayor praised the program, highlighting its potential for convenient mobility during major events. Bird's presence in Indio aligns with its history of supporting cities during large-scale events.
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