secwatch / observer
8-K filed July 27, 2023, 7:59 PM ET ticker ATER CIK 0001757715
earnings confidence high sentiment negative materiality 0.80

Aterian CEO resigns; Q2 revenue guidance cut to $34.8-35.4M; profitability pushed to 2024

Aterian, Inc.

2023-Q2 EPS reported -$0.78 revenue$70,143,000
item 2.02item 5.02item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Arturo Rodriguez

Co-Chief Executive Officer
ATER · Aterian, Inc.
Effective
2023-07-26
Filed
July 27, 2023, 7:59 PM ET
The Company appointed Joseph Risico, age 49, and Arturo Rodriguez, age 48, to succeed Mr. Sarig as the Company’s Co-Chief Executive Officers, effective July 26, 2023.
Appointed

Joseph Risico

Co-Chief Executive Officer
ATER · Aterian, Inc.
Effective
2023-07-26
Filed
July 27, 2023, 7:59 PM ET
The Company appointed Joseph Risico, age 49, and Arturo Rodriguez, age 48, to succeed Mr. Sarig as the Company’s Co-Chief Executive Officers, effective July 26, 2023.
Departed

Yaniv Sarig

Chief Executive Officer
ATER · Aterian, Inc.
Effective
2023-07-26
Successor
Joseph Risico and Arturo Rodriguez
Filed
July 27, 2023, 7:59 PM ET
On July 26, 2023, Yaniv Sarig notified the Board of Directors (the “Board”) of the Company of his decision to resign as Chief Executive Officer of the Company and from the Board, effective as of July 26, 2023.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Aterian, Inc. reported the second quarter ended June 30, 2023 results: revenue $34.8 million to $35.4 million. Guidance lowered.

Period
the second quarter ended June 30, 2023
Revenue
$34.8 million to $35.4 million
Guidance
lowered
Result
preliminary results
Exact text from the filing
The Company today also announced an update to its previously stated net revenue and adjusted EBITDA ranges for the second quarter ended June 30, 2023. The Company expects net revenue to be in the range of $34.8 million to $35.4 million and adjusted EBITDA loss to be in the range of ($8.0) million to $(9.0) million, excluding $1.2 million of restructuring expenses expected to be reported.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Arturo Rodriguez was appointed as Co-Chief Executive Officer at Aterian, Inc..

Action
appointed
Role
Co-Chief Executive Officer
Exact text from the filing
The Company appointed Joseph Risico, age 49, and Arturo Rodriguez, age 48, to succeed Mr. Sarig as the Company’s Co-Chief Executive Officers, effective July 26, 2023.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Joseph Risico was appointed as Co-Chief Executive Officer at Aterian, Inc..

Action
appointed
Role
Co-Chief Executive Officer
Exact text from the filing
The Company appointed Joseph Risico, age 49, and Arturo Rodriguez, age 48, to succeed Mr. Sarig as the Company’s Co-Chief Executive Officers, effective July 26, 2023.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Yaniv Sarig resigned as Chief Executive Officer at Aterian, Inc..

Action
resigned
Role
Chief Executive Officer
Exact text from the filing
On July 26, 2023, Yaniv Sarig notified the Board of Directors (the “Board”) of the Company of his decision to resign as Chief Executive Officer of the Company and from the Board, effective as of July 26, 2023.
View on SEC.gov

20 earnings releases filed in the last 30 days. Browse all earnings releases →

Aterian, Inc. filing history →

Source: SEC EDGAR
accession 0000950170-23-034985
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