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  "documentTitle": "Bird | Investor Presentation Deck | 23 slides",
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  "authorName": "Bird",
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  "presentationDate": "2022-11-01 00:00:00",
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      "text": "Total operating expenses were $29.4 million. Adjusted Operating Expenses were $40.0 million, up 9% YoY, but declined from $56 million last quarter.\nAdjusted EBITDA was $0.2 million compared to Adjusted EBITDA loss of $9.9 million in the prior year period.",
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      "text": "Revenue increased 19% YoY to $72.9 million, driven by a 15% increase in Sharing revenues.\nConsolidated gross margin was 38%, vs. 13% in the prior year period as a result of lower depreciation, and operating efficiencies as we scale across larger fleet manager partners.",
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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. Adjusted EBITDA and Adjusted Operating Expenses are non-GAAP metrics. See \"Non-GAAP Financial Measures and Key Metrics\" for additional information and see \"Appendix\" for a reconciliation to the nearest comparable GAAP metric.",
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      "kind": "table",
      "text": "2019A FY (restated) 2020A FY (restated) 2021A Q1 (restated) Q2 (restated) Q3 (restated) Q4 (restated) FY (restated) 2022A Q1 (restated) Q2 (restated) Q3 (restated)\nRides 40 18 4 11 15 9 40 7 15 17\nAvg. Rides per Deployed Vehicles per Day 2.5x 1.3x 1.1x 1.8x 2.1x 1.3x 1.6x 1.0x 1.5x 1.5x\nAverage Deployed Vehicles (in thousands) 44 38 47 69 79 79 69 79 110 117\nGross Transaction Value $162 $115 $31 $71 $80 $60 $242 $43 $86 $89\nRevenue $151 $90 $24 $56 $61 $50 $191 $35 $67 $73\nGross Margin $(136) $(26) $1 $10 $8 $4 $23 $1 $(23) $28\n% of Revenue (90)% (29)% 3% 18% 13% 7% 12% 2% (35)% 38%\nSharing gross margin (before vehicle depreciation) $(13) $6 $6 $22 $25 $17 $70 $10 $28 $37\n% of Sharing Revenue (9)% 8% 29% 42% 43% 41% 40% 31% 45% 54%\nSharing gross margin (after vehicle depreciation) $(125) $(18) $1 $10 $8 $3 $22 $1 $10 $25\n% of Sharing Revenue (89)% (24)% 5% 19% 14% 7% 13% 2% 16% 37%\nAdjusted OPEX2 $(215) $(184) $(37) $(39) $(37) $(46) $(159) $(50) $(56) $(40)\n% of Revenue (143)% (204)% (153)% (72)% (61)% (90)% (83)% (141)% (84)% (55)%\nAdjusted EBITDA $(228) $(181) $(30) $(17) $(10) $(24) $(81) $(39) $(29) $0.2\n% of Revenue (151)% (201)% (124)% (31)% (16)% (48)% (42)% (111)% (43)% 0%",
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      "kind": "title",
      "text": "Significant progress in profitability roadmap in Q3",
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      "structure": "The Old Way (Pain) -> The Moment of Change -> The New Way (Glory) -> The Measurable Delta",
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