From GlobeNewswire:

Aterian, Inc. announced fourth quarter and full year results for 2023. In the fourth quarter, net revenue decreased by 40.3% to $32.8 million, with gross margin at 51.0%. Operating loss improved to ($8.2) million. Full year 2023 net revenue declined 35.5% year over year to $142.6 million, with a gross margin of 49.3%. Operating loss improved to ($76.2) million.

For the first quarter of 2024, Aterian anticipates net revenue between $18.0 million and $21.0 million, with an expected Adjusted EBITDA loss of ($2.5) million to ($3.5) million. The Company aims to achieve Adjusted EBITDA profitability in the second half of 2024. Participants can access a live webcast to discuss financial results on March 12, 2023 at 5:00 p.m. Eastern Time.

Aterian, Inc. (Nasdaq: ATER) is a technology-enabled consumer products company that focuses on e-commerce brands with top selling consumer products. The company sells across major online marketplaces, including Amazon and Walmart. Forward-looking statements in the press release address the projected first quarter net revenue, adjusted EBITDA, and achieving profitability in the second half of 2024.



Read more at GlobeNewswire:: Aterian Reports Fourth Quarter & Full Year 2023 Results