Aterian Q3 revenue $66.3M, operating loss $(108.9)M, guides Q4 $45-55M

Aterian, Inc.

2022-Q3 EPS reported -$2.78 revenue$166,268,000

Net revenue $66.3M (-2.6% YoY); gross margin 45.5% vs 50.2%, hit by high-cost inventory liquidation.
Operating loss $(108.9)M includes $90.9M goodwill impairment; net loss $(116.9)M vs $(110.6)M.
Adjusted EBITDA $(9.1)M vs $0.7M; targeting positive Adj. EBITDA in H2 2023.
Q4 2022 outlook: net revenue $45-55M, reflecting continued inventory liquidation.
Cash $26.0M; CEO notes China shipping costs down ~90% from H2 2021 peak.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Aterian, Inc. reported the three months ended September 30, 2022 results: revenue $66.3 million.

Period: the three months ended September 30, 2022
Revenue: $66.3 million
Result: reported results

Exact text from the filing

to be furnished under Item 2.02 and --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Aterian Reports Third Quarter 2022 Results Reports Third Quarter 2022 Net Revenue of $66.3 Million Targeting Adjusted EBITDA Profitability in the Second Half of 2023 Driven Primarily by Improving International Shipping Rates and Cost Reductions NEW YORK, November 8, 2022 –

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Aterian, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-22-023271

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