Aterian Q3 net loss improves 71.7% to $1.8M; adjusted EBITDA turns positive at $0.5M

Aterian, Inc.

Revenue fell 34% YoY to $26.2M, reflecting reduced product portfolio from SKU rationalization.
Gross margin rose to 60.3% from 49.4%, driven by SKU rationalization and lower high-cost inventory liquidation.
Adjusted EBITDA improved $4.9M YoY to $0.5M, marking the second consecutive quarter of profitability.
Cash balance at Sept 30, 2024 stood at $16.1M.
Q4 2024 guidance: net revenue $22.5M-$25.5M, adjusted EBITDA approximately break-even.

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