---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-034985"
form_type: "8-K"
ticker: "ATER"
cik: "0001757715"
company_name: "Aterian, Inc."
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-13T00:41:59.737716+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- CEO Yaniv Sarig resigns; Joe Risico and Arturo Rodriguez appointed Co-CEOs effective July 26.
- Preliminary Q2 revenue $34.8-35.4M (prior guidance $37-44M); adj. EBITDA loss $8-9M (prior $4.2-5.2M).
- Restructuring expenses $1.2M; cash ~$28.9M; credit facility borrowings ~$15.7M.
- Adjusted EBITDA profitability now expected in summer 2024; Chair William Kurtz appointed.

## SEC filing metadata
- accession: 0000950170-23-034985
- form_type: 8-K
- ticker: ATER
- cik: 0001757715
- company_name: Aterian, Inc.
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1757715/000095017023034985/0000950170-23-034985-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1757715/000095017023034985/ater-20230726.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-034985
- JSON: https://secwatch.observer/filing/0000950170-23-034985.json
- Plain text: https://secwatch.observer/filing/0000950170-23-034985.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1757715/000095017023034985/0000950170-23-034985-index.htm
- Executive change
  Arturo Rodriguez was appointed as Co-Chief Executive Officer at Aterian, Inc..
  - Action: appointed
  - Role: Co-Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1757715/000095017023034985/0000950170-23-034985-index.htm
- Executive change
  Joseph Risico was appointed as Co-Chief Executive Officer at Aterian, Inc..
  - Action: appointed
  - Role: Co-Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1757715/000095017023034985/0000950170-23-034985-index.htm
- Executive change
  Yaniv Sarig resigned as Chief Executive Officer at Aterian, Inc..
  - Action: resigned
  - Role: Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1757715/000095017023034985/0000950170-23-034985-index.htm

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