secwatch.observer — SEC 8-K summary
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Issuer:     Aterian, Inc. (ATER)
CIK:        0001757715
Form:       8-K
Filed at:   2022-03-08T23:59:59+00:00
Accession:  0001564590-22-009113
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Aterian Q4 revenue up 53% to $63.3M; net loss narrows; CRO resigning
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- Q4 net revenue $63.3M (+52.6% YoY); gross margin 45.6% (vs 45.2% YoY); contribution margin fell to 7.9% from 11.2% due to supply chain issues.
- Q4 operating loss improved to $(2.0)M from $(19.1)M YoY; net loss $(5.3)M vs $(44.3)M YoY; adjusted EBITDA turned negative to $(3.0)M from $0.5M.
- Full year 2021 net revenue $247.8M (+33.4% YoY); net loss $(234.7)M (includes $138.9M loss on debt extinguishment) vs $(63.1)M in 2020.
- Chief Revenue Officer Tomer Pascal to resign effective March 18, 2022; departure not related to any disagreement with the company.
- No new product launches in Q4 2021 (vs 5 in Q4 2020) due to supply chain concerns; 40 new products launched in full year 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1757715/000156459022009113/0001564590-22-009113-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1757715/000156459022009113/ater-8k_20220308.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-009113

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