Bird still has a long way to go to reach profitability

Shared micromobility company Bird reported a somewhat head-scratching fourth quarter and full year 2022 earnings Friday morning. At first glance, Bird’s earnings show a company that beat Wall Street revenue expectations and is promising free cash flow positivity by the end of this year. But at second glance, that revenue beat isn’t as simple as it seems.
Bird reported revenue of $69.7 million for the fourth quarter of 2022, a big improvement from the $49.5 million reported in the same quarter of 2021. However, that Q4 revenue included $28.8 million of unredeemed preloaded wallet ba

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