secwatch.observer — SEC 8-K summary
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Issuer:     Aterian, Inc. (ATER)
CIK:        0001757715
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0000950170-23-019807
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01, 2.05, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1757715/000095017023019807/0000950170-23-019807-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1757715/000095017023019807/ater-20230509.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-019807

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