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11 Sep 2024 17:40
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      Home > News > Business

    Another financial blow for eco-friendly shoe company, Allbirds

    Another financial blow for eco-friendly shoe company, Allbirds


    It's made a net loss of 19.1 million US dollars in the June quarter, a reduction from a 28.9 million loss in the same quarter last year.

    The Nasdaq has served the Kiwi-American firm a non-compliance warning- giving it until September 30 to bring its shares trading above one dollar.

    Former North Face global operations vice-president, Joe Vernachio , was made chief executive in March.

    Former All Whites captain, Tim Brown, and biotech entrepreneur, Joey Zwillinger remain directors.

    © 2024 Newstalk ZB, NZCity

     Other Business News
     11 Sep: Net migration to New Zealand's tumbled from last year - but is still high compared to other countries
     11 Sep: Weta FX has made a loss for the second year running
     11 Sep: Contact Energy has announced a 2.3-billion-dollar merger takeover bid for power-co, Manawa Energy
     11 Sep: The Prime Minister thinks Wellington has a great future - but needs to focus
     11 Sep: Shane Jones says the country's electricity gentailers hold too much power, and that needs to change
     11 Sep: Another major blow for the central North Island economy
     11 Sep: The closure of two central North Island mills may be as much about falling returns, as rising costs
     Top Stories

    RUGBY RUGBY
    Son-of-a-gun rugby player Payton Spencer has signed with the Blues for 2025 More...

    BUSINESS BUSINESS
    Net migration to New Zealand's tumbled from last year - but is still high compared to other countries More...


     Today's News

    		 Law and Order:
    Auckland Police are investigating a suspected stabbing that left a man seriously injured in Otahuhu last night 17:27

     Entertainment:
    King Charles reportedly feels like he is "back in business" and is looking forward to the "second chapter of his reign" 17:12

     International:
    Donald Trump and Kamala Harris clashed in their first presidential debate before Taylor Swift spoke up 17:07

     Accident and Emergency:
    Reports of serious injuries after a three-vehicle crash in the Bay of Plenty, just after 3.30 16:57

     Entertainment:
    Noel Gallagher is "thrilled and honoured" to have his picture going on display at the National Portrait Gallery 16:42

     Business:
    Net migration to New Zealand's tumbled from last year - but is still high compared to other countries 16:17

     Entertainment:
    Adam Goldberg initially turned down a role in 'Friends' because he was a "snob" and he "rooting to hate" the show 16:12

     Entertainment:
    Bruce Springsteen's wife Patti Scialfa has been battling cancer in secret 15:42

     Rugby:
    Son-of-a-gun rugby player Payton Spencer has signed with the Blues for 2025 15:27

     Entertainment:
    Mariah Carey has had a "rough couple of weeks" since the deaths of her mother and sister 15:12

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