Aterian Q3 net revenue $39.7M, down 40% YoY; net loss improves to $6.3M

Aterian, Inc.

Net revenue $39.7M vs $66.3M in Q3 2022, a 40.2% decline.
Gross margin improved to 49.4% from 45.5% in Q3 2022.
Net loss improved 94.6% to $6.3M from $116.9M; adjusted EBITDA loss improved 51.3% to $4.4M.
Q4 2023 guidance: revenue $28M-$32M; adjusted EBITDA loss $6.5M-$7.5M (includes $2.0M pricing impact).
Cash balance $28.0M at September 30, 2023.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Aterian, Inc. reported the third quarter ended September 30, 2023 results: revenue $39.7 million, net income ($6.3) million. Guidance initiated.

Period: the third quarter ended September 30, 2023
Revenue: $39.7 million
Net income: ($6.3) million
Guidance: initiated
Result: reported results

Exact text from the filing

Aterian Reports Third Quarter 2023 Results Reports Third Quarter 2023 Net Revenue of $39.7 Million Third Quarter Net Loss Improves by 94.6% Year Over Year While Adjusted EBITDA Loss Improves by 51.3 % NEW YORK, November 8, 2023 – Aterian, Inc. (Nasdaq: ATER) (“Aterian” or the “Company”) today announced results for the third quarter ended September 30, 2023.

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Aterian, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-23-030977

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