Aterian Q2 2022 revenue down 14.5% to $58.3M; operating loss of $10.1M

Aterian, Inc.

2022-Q2 EPS reported -$0.94 revenue$99,941,000

Net revenue $58.3M vs $68.2M in Q2 2021; gross margin improved to 53.8% from 48.0%.
Operating loss of $(10.1)M vs operating income of $4.5M in prior year, driven by non-cash items.
Net loss improved to $(16.3)M from $(36.3)M; adjusted EBITDA flat at $(3.7)M.
No new products launched in Q2 2022 vs 19 in Q2 2021; citing consumer demand softness.
Management sees preliminary relief in container shipping costs; gradually resuming new product development.

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