Aterian Q4 revenue down 40% to $32.8M; reaffirms H2 2024 adjusted EBITDA profitability

Aterian, Inc.

Q4 net revenue $32.8M, down 40.3% YoY; gross margin improved to 51.0% from 37.1%.
Q4 net loss improved to ($7.7M) from ($20.3M); operating loss improved to ($8.2M).
Full year 2023 revenue $142.6M, down 35.5%; adjusted EBITDA loss improved to ($22.3M).
Cash balance at Dec 31, 2023 was $20.0M.
Q1 2024 revenue guidance $18-21M; reaffirms H2 2024 adjusted EBITDA profitability target.

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 fourth quarter ended December 31, 2023 results: revenue $32.8 million, net income ($7.7) million.

Period: fourth quarter ended December 31, 2023
Revenue: $32.8 million
Net income: ($7.7) million
Result: reported results

Exact text from the filing

today announced results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Highlights ● Fourth quarter 2023 net revenue declined 40.3% to $32.8 million, compared to $54.9 million in the fourth quarter of 2022. ● Fourth quarter 2023 gross margin increased to 51.0%, compared to 37.1% in the fourth quarter of 2022, primarily

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Aterian, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-24-007469

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