earnings
confidence high
sentiment negative
materiality 0.80
Aterian reports Q2 net revenue down 39.5% to $35.3M, net loss $34.8M, guides Q3 rev $32.5-37.5M
Aterian, Inc.
2023-Q2 EPS reported
-$0.78
revenue$70,143,000
- Net revenue $35.3M, down 39.5% YoY; gross margin fell to 42.2% from 53.8%.
- Operating loss $36.4M vs $10.1M loss YoY, including $22.8M non-cash impairment and $1.2M restructuring.
- Net loss $34.8M vs $6.3M loss YoY; adjusted EBITDA loss $8.0M vs $3.7M loss.
- Cash balance $28.9M at June 30, 2023.
- Q3 2023 guidance: net revenue $32.5-37.5M, adjusted EBITDA loss $4.5-5.5M.