Aterian Q1 revenue down 42% to $20.2M, net loss improves 80% to $5.2M loss

Aterian, Inc.

Net revenue $20.2M (down 42.0% YoY); gross margin improved to 65.1% from 54.8%.
Net loss of $5.2M improved 80.0% YoY; adjusted EBITDA loss of $2.6M improved 38.4%.
Operating loss of $5.3M improved 78.9% YoY; includes $1.7M stock comp and $0.6M restructuring.
Total cash $17.5M at March 31, 2024; Q2 outlook revenue $20-23M, adj. EBITDA loss ($1-2M).
Company reaffirms target of second-half 2024 adjusted EBITDA profitability.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

Aterian, Inc. reported first quarter ended March 31, 2024 results: revenue $20.2 million, net income ($5.2) million. Guidance reaffirmed.

Period: first quarter ended March 31, 2024
Revenue: $20.2 million
Net income: ($5.2) million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

(“Aterian” or the “Company”) today announced results for the first quarter ended March 31, 2024. First Quarter Highlights ● First quarter 2024 net revenue declined 42.0% to $20.2 million, compared to $34.9 million in the first quarter of 2023. ● First quarter 2024 gross margin improved to 65.1%, compared to 54.8% in the first quarter of 2023, primarily reflecting

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Source: SEC EDGAR

accession 0001437749-24-015103

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