BIRD completed its first full year as a public company by reporting a net loss of $24,866,000 in Q4 up from a net loss of $10,444,000 prior, on revenues that declined by 13% to $84,178,000 from $97,218,000 with U.S. sales down 15% to $65.6 million and international off by 8% to $18,592,000. Promotions and the discontinuation of first-generation apparel contributed to a 710 basis point drop in gross margin to 43.1%. Contributing to the disappointing Q4 results were an 11% drop in active customers and digital softness that offset 8% growth ... Log in to view full article.