Smartbird, Inc

AI-generated fair value estimate for this company.

Method: Net-asset-plus-revenue-multiple valuation: applied a conservative 0.15x EV/Revenue multiple to TTM revenue of $155.22M (reflecting deeply negative operating margins and heavy cash burn); added net cash of $22.91M ($37.38M cash less $14.47M total debt); divided by 11.81M shares outstanding.

Reasoning: The company (trading under the legacy Allbirds ticker BIRD, now Smartbird, Inc.) is unprofitable with a $77.0M trailing net loss and negative free cash flow (-$46.23M TTM), making a forward FCF DCF unreliable; combining its meaningful net cash cushion with a heavily discounted revenue multiple provides a more defensible proxy for intrinsic value than either a cash-flow projection of a lossmaking operation or the balance sheet alone.