secwatch.observer — SEC 8-K summary
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Issuer:     Aterian, Inc. (ATER)
CIK:        0001757715
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0000950170-22-023271
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1757715/000095017022023271/0000950170-22-023271-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1757715/000095017022023271/ater-20221108.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-023271

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer