secwatch.observer — SEC 8-K summary
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Issuer:     Aterian, Inc. (ATER)
CIK:        0001757715
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001437749-24-015103
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1757715/000143774924015103/0001437749-24-015103-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1757715/000143774924015103/ater20240506_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-015103

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