Aterian Q2 net loss improves 89.6% YoY; reaches adjusted EBITDA profitability

Aterian, Inc.

Net revenue $28.0M, down 20.6% YoY due to SKU rationalization; gross margin improved to 60.4% from 42.2%.
Net loss ($3.6M) improved 89.6% from ($34.8M); adjusted EBITDA turned positive at $0.2M (vs -$8.0M).
Operating loss improved 91.2% to ($3.2M) including $2.9M non-cash stock comp.
Cash $20.3M at June 30; Q3 outlook: revenue $25-27M, adj. EBITDA $0-0.6M; H2 profitability expected.

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