While shareholders look to BIRD’s AI future, first-quarter operations continued the brand’s long-term downward trend, with sales dropping 30% to $22,321,000 from $32,114,000, according to a preliminary and unaudited filing. Net loss was slightly improved to $19,589,000 from a loss of $21,875,000 prior. Gross margin tumbled 17 percentage points to just 27.8%, presumably on post-Holiday clearance activity, while operating expenses were reduced by 27%, helping the bottom line. All the numbers were presented with a $1 to $3 million margin of error.

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