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  "documentTitle": "Bird | Investor Presentation Deck | 27 slides",
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  "presentationDate": "2022-05-01 00:00:00",
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      "text": "Adjusted EBITDA loss of $37M compared to a loss of $30M in Q1 2021; as a percentage of revenue (97)% and (115)% in Q1 2022 and Q1 2021, respectively\nEnded the period with total cash, cash equivalents, and restricted cash and cash equivalents of $70M, and total liquidity of $147M including $77M of undrawn capacity under our vehicle financing facility",
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      "text": "Revenue increased 48% YoY to $38M, above guidance range of $34-36M\nRides growth of 66% YoY driven by execution against our vehicle deployment plan, with Average Deployed Vehicles reaching approximately 79 thousand\nGross margin of $3M represents 68% YoY growth primarily driven by top line and cost improvements",
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      "kind": "source-note",
      "text": "Note: Rides, Average Rides per Deployed Vehicle Per Day, Average Deployed Vehicles (in thousands), and Gross Transaction Value are key business metrics. Ride Profit (before Vehicle Depreciation) and Adjusted EBITDA are non-GAAP metrics. See \"Non-GAAP Financial Measures and Key Metrics\" for additional information, including a reconciliation to the nearest comparable GAAP metric in the case of non-GAAP metrics presented here included as an appendix to this presentation.",
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      "text": "2019A Q1 Q2 Q3 Q4 Rides 5 11 16 8 Avg. Rides per Deployed Vehicles per Day 2.1x 2.7x 2.9x 2.1x Average Deployed Vehicles (in thousands) 27 46 60 41 Gross Transaction Value $15 $45 $64 $37 Revenue $14 $42 $60 $35 Ride Profit (before Vehicle Depreciation) $(15) $3 $11 $(3) % of Sharing Revenue (114)% 8% 19% (8)% Gross Margin $(45) $(43) $(16) $(33) % of Revenue (323)% (102)% (26)% (95)% Adjusted EBITDA $(59) $(47) $(49) $(73) 2020A Q1 Q2 Q3 Q4 Rides 4 2 8 5 Avg. Rides per Deployed Vehicles per Day 1.6x 1.4x 1.6x 0.9x Average Deployed Vehicles (in thousands) 28 18 52 53 Gross Transaction Value $23 $13 $50 $29 Revenue $20 $10 $40 $24 Ride Profit (before Vehicle Depreciation) $(9) $1 $14 $9 % of Sharing Revenue (54)% 15% 43% 41% Gross Margin $(17) $(6) $1 $(2) % of Revenue (82)% (60)% 3% (8)% Adjusted EBITDA $(78) $(43) $(28) $(28) 2021A Q1 Q2 Q3 Q4 Rides 4 11 15 9 Avg. Rides per Deployed Vehicles per Day 1.1x 1.8x 2.1x 1.3x Average Deployed Vehicles (in thousands) 47 69 79 79 Gross Transaction Value $31 $71 $80 $60 Revenue $26 $60 $65 $54 Ride Profit (before Vehicle Depreciation) $8 $28 $32 $24 % of Sharing Revenue 35% 49% 50% 53% Gross Margin $2 $16 $13 $8 % of Revenue 8% 26% 21% 15% Adjusted EBITDA $(30) $(11) $(5) $(21) 2022A Q1 Rides 8 Avg. Rides per Deployed Vehicles per Day 1.0x Average Deployed Vehicles (in thousands) 79 Gross Transaction Value $43 Revenue $38 Ride Profit (before Vehicle Depreciation) $13 % of Sharing Revenue 39% Gross Margin $3 % of Revenue 9% Adjusted EBITDA $(37) 2019A FY Rides 40 Avg. Rides per Deployed Vehicles per Day 2.5x Average Deployed Vehicles (in thousands) 44 Gross Transaction Value $162 Revenue $151 Ride Profit (before Vehicle Depreciation) $(4) % of Sharing Revenue (2)% Gross Margin $(136) % of Revenue (90)% Adjusted EBITDA $(228) 2020A FY Rides 18 Avg. Rides per Deployed Vehicles per Day 1.3x Average Deployed Vehicles (in thousands) 38 Gross Transaction Value $115 Revenue $95 Ride Profit (before Vehicle Depreciation) $16 % of Sharing Revenue 20% Gross Margin $(24) % of Revenue (25)% Adjusted EBITDA $(176) 2021A FY Rides 40 Avg. Rides per Deployed Vehicles per Day 1.6x Average Deployed Vehicles (in thousands) 69 Gross Transaction Value $242 Revenue $205 Ride Profit (before Vehicle Depreciation) $91 % of Sharing Revenue 49% Gross Margin $39 % of Revenue 19% Adjusted EBITDA $(67)",
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      "text": "Strong Q1 financial results",
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