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- Allbirds was founded in 2015 and soared to prominence with its iconic wool sneaker.
- The company went public in November 2021. Shares rose 90% on the opening day of trading.
- Sales have since slowed significantly. The company reported a 14.7% decline in revenue for 2023.
Allbirds' struggles continue to mount.
The shoemaker reported another quarter of disappointing earnings in March, wrapping up a dismal fiscal year that saw a net loss of $152.5 million.
Then, in April, the company received notice that its stock is at risk of delisting from the Nasdaq exchange for trading below $1 for 30 consecutive days.