secwatch.observer — SEC 8-K summary
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Issuer:     Aterian, Inc. (ATER)
CIK:        0001757715
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0000950170-23-039912
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Aterian reports Q2 net revenue down 39.5% to $35.3M, net loss $34.8M, guides Q3 rev $32.5-37.5M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1757715/000095017023039912/0000950170-23-039912-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1757715/000095017023039912/ater-20230808.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-039912

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