Welcome to our dedicated page for Aterian news (Ticker: ATER), a resource for investors and traders seeking the latest updates and insights on Aterian stock.
Aterian Inc (NASDAQ: ATER) is a technology-driven consumer products company specializing in online distribution of home appliances, kitchenware, beauty products, and consumer electronics through owned brands like Vremi and Xtava. This page serves as the definitive source for all official company announcements and market-related developments.
Investors and industry observers will find timely updates on earnings reports, product lifecycle milestones, e-commerce initiatives, and strategic partnerships. Our curated collection ensures access to both regulatory filings and operational updates that impact Aterian's market position.
Key content includes quarterly financial results, new product launches, supply chain developments, and leadership updates. Each announcement is presented with context to help stakeholders understand its significance within Aterian's data-driven business model and product management strategy.
Bookmark this page for streamlined access to verified information about Aterian's performance in the competitive online retail sector. Check back regularly for essential updates that matter to investors tracking this innovative consumer products company.
Aterian, Inc. (Nasdaq: ATER) announced preliminary financial results for Q1 2023, projecting revenues between $34.0 million and $35.0 million and an improved adjusted EBITDA loss of $(3.9) million to $(4.5) million. This marks a positive shift from the previously expected adjusted EBITDA loss of $(4.8) million to $(5.8) million. The CEO noted efforts to liquidate high-cost inventory are on track for completion in Q2 2023, aiming for adjusted EBITDA profitability in the second half of 2023. The company will finalize and report its Q1 2023 results in early May 2023, but expects to incur a net loss primarily due to interest and stock compensation expenses.
Aterian, Inc. (Nasdaq: ATER) has been recognized in the Financial Times ranking of The Americas’ Fastest Growing Companies 2023 for the fourth consecutive year, placing 233rd out of 500 companies. This ranking is based on a 50% compounded annual revenue growth from 2018 to 2021. CEO Yaniv Sarig acknowledged the accolade but noted that 2022 was challenging due to supply chain disruptions and inflation, which impacted net revenues and profitability. Despite these hurdles, Aterian aims to achieve adjusted EBITDA profitability in the second half of 2023 as supply chain costs normalize.
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