0000000000-23-000954.txt : 20230323 0000000000-23-000954.hdr.sgml : 20230323 20230130113007 ACCESSION NUMBER: 0000000000-23-000954 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20230130 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: Allbirds, Inc. CENTRAL INDEX KEY: 0001653909 STANDARD INDUSTRIAL CLASSIFICATION: APPAREL & OTHER FINISHED PRODS OF FABRICS & SIMILAR MATERIAL [2300] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 730 MONTGOMERY STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94111 BUSINESS PHONE: 888-963-8944 MAIL ADDRESS: STREET 1: 730 MONTGOMERY STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94111 FORMER COMPANY: FORMER CONFORMED NAME: Bozz, Inc. 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M!4:H79L$9'6%2SS,M5F6Y%-"_;_]8;L)'A$QNICGWN>WK:&0:TBMJ61:P0SO M(D<93K#!"VE 5G SP5ZZ.7[1F -2N=AT7B\B8ZF>6Z50U1!?XW&38-+7#.?G'4_('DNGEK0IE;F1S M=')E86T*96YD;V)J"C$Q(# @;V)J"CP\+U1Y<&4O0V%T86QO9R]086=E6LI+U1I=&QE*$%L;&)I8 %/F2VY M<;8,YUV"-D.4?&+V1?$KR^3_69XR6 ^'7J!"UC>^X%1I(U^+C>LXOE2ALU[- M?1T:YUNU=7[FH[OW3Z'*\-W\07IW3=SE$ET^"M?^L7G$FPS8S$#Z TSMB7L* M96YD'0M-2XT+C4* TEXT-EXTRACT 2 filename2.txt United States securities and exchange commission logo January 30, 2023 Michael Bufano Chief Financial Officer Allbirds, Inc. 730 Montgomery Street San Francisco , CA 94111 Re: Allbirds, Inc. Form 10-K for the Fiscal Year Ended December, 31, 2021 Form 10-Q for the Quarter Ended September 30, 2022 Response dated January 3, 2023 File No. 001-40963 Dear Michael Bufano: We have reviewed your January 3, 2023, response to our comment letter and have the following comment. In our comment, we may ask you to provide us with information so we may better understand your disclosure. Please respond to our comment within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to our comment, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our December 20, 2022, letter. Response letter dated January 3, 2023 Form 10-Q for the Quarter Ended September 30, 2022 Management's Discussion and Analysis of Financial Condition and Results of Operations Non-GAAP Financial Measures, page 36 1. We note from your response to our prior comment, that you believe excluding the costs and revenue related to inventory write-downs and liquidation of end-of-life inventory from the non-GAAP performance measure is appropriate because it was non-recurring and part of your simplification initiatives. However, we continue to believe that the adjustments are not consistent with the guidance in Question 100.01 of the Staff's C&DI on Non-GAAP Financial Measures. Although the inventory liquidation was related to exiting a product line, it did not qualify for discontinued operations and we believe these Michael Bufano Allbirds, Inc. January 30, 2023 Page 2 types of inventory write-offs are normal charges incurred by businesses. Please revise to remove these adjustments from your non-GAAP financial measures in future filings. You may contact Charles Eastman at (202) 551-3794 or Claire Erlanger at (202) 551- 3301 with any questions. FirstName LastNameMichael Bufano Sincerely, Comapany NameAllbirds, Inc. Division of Corporation Finance January 30, 2023 Page 2 Office of Manufacturing FirstName LastName