---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-019807"
form_type: "8-K"
ticker: "ATER"
cik: "0001757715"
company_name: "Aterian, Inc."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T09:38:46.514231+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Aterian Q1 net revenue down 16% to $34.9M, cuts 100 jobs, CFO adds COO role

## Summary
- Q1 net revenue $34.9M vs $41.7M YoY; net loss $(25.8)M vs $(42.8)M; adj. EBITDA loss $(4.3)M.
- Headcount reduction of ~70 employees and 30 contractors; annualized savings $6M; severance $1.0-$1.3M.
- CFO Arturo Rodriguez named interim COO; Chief Supply Chain Officer Michal Chaouat-Fix to exit June 1.
- Chief E-Commerce Officer Tim Stanton leaving; Phil Lepper to lead revenue team.
- Q2 revenue guidance $37-$44M; adj. EBITDA loss $(5.2)M-$(6.2)M; reaffirms H2 2023 adj. EBITDA profitability.

## SEC filing metadata
- accession: 0000950170-23-019807
- form_type: 8-K
- ticker: ATER
- cik: 0001757715
- company_name: Aterian, Inc.
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01, 2.05, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1757715/000095017023019807/0000950170-23-019807-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1757715/000095017023019807/ater-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-019807
- JSON: https://secwatch.observer/filing/0000950170-23-019807.json
- Plain text: https://secwatch.observer/filing/0000950170-23-019807.txt

## Key facts
- Earnings Releases
  Aterian, Inc. reported the first quarter ended March 31, 2023 results: revenue $34.9 million, net income $(25.8) million. Guidance reaffirmed.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $34.9 million
  - Net income: $(25.8) million
  - Guidance: reaffirmed
  - Result: reported results
  source text: Aterian Reports First Quarter 2023 Results Reports First Quarter 2023 Net Revenue of $34.9 Million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1757715/000095017023019807/0000950170-23-019807-index.htm
- Executive change
  Michal Chaouat-Fix was terminated as Chief Supply Chain Officer at Aterian, Inc..
  - Action: terminated
  - Role: Chief Supply Chain Officer
  source text: the termination of Chief Supply Chain Officer Michal Chaouat-Fix effective June 1, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1757715/000095017023019807/0000950170-23-019807-index.htm
- Executive change
  Arturo Rodriguez was appointed as interim Chief Operating Officer at Aterian, Inc..
  - Action: appointed to additional role
  - Role: interim Chief Operating Officer
  source text: the appointment of Chief Financial Officer Arturo Rodriguez to the additional role of interim Chief Operating Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/1757715/000095017023019807/0000950170-23-019807-index.htm
- Restructurings & Charges
  Aterian, Inc. announced a restructuring with charges of between $1.0 million to $1.3 million (approximately 70 employees and 30 contractors globally).
  - Type: restructuring
  - Charge: between $1.0 million to $1.3 million
  - Headcount: approximately 70 employees and 30 contractors globally
  source text: connection with these reductions. The Company expects to recognize restructuring charges in connection with the headcount reduction plan from primarily from severance of between $1.0 million to $1.3 million. The Company expects the charges will be recognized primarily in the second quarter of 2023, with the majority of such charges anticipated to be paid by the end
  evidence_url: https://www.sec.gov/Archives/edgar/data/1757715/000095017023019807/0000950170-23-019807-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.