BRDS - Bird Global skyrockets on expanding global operations

2023-03-28 08:14:17 ET

• Bird Global ( NYSE: BRDS ) rallies 30.7% higher premarket after it announced that with the return of warm weather, scooters are hitting the roads in dozens of cities across the globe, including new programs around Europe, the U.S. and Canada.
• This marks the company's continued global growth as it enters summer months.
• New North American city launches this spring include Dallas, Texas; Lincoln, Nebraska; Logan, Utah; Montgomery, Alabama; and Pocatello, Idaho; as well as numerous cities in the Greater Toronto Area.
• In Europe, Bird will launch in numerous Italian cities, including Cervia, Ercolano, Grosseto, and Cagliari; and will expand in Israel with a launch in Ramat Hasharon.
• The company targets to be the first micro-mobility provider to hit positive free cash flow in 2023.

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