The sustainability-focused sneaker and apparel brand’s net loss expanded to $25,860,000 in 2020, from a loss of $14,527,000 the year before, on 13% higher revenues of $219,296,000 up from $193,673,000, it revealed in an S-1 filed with the SEC for an initial public offering. In the first half of this year, sales increased 27% to $117,542,000, with a net loss of $21,128,000. Gross margin expanded 40 basis points last year to 51.4%, and hit 54.4% in H1 ‘21, but SG&A bulged 32%, keeping the bottom line in the red. Allbirds pointed out that the pandemic year was an outlier, with ... Log in to view full article.