Aterian, Inc. (ATER) Misses Q1 EPS by 18c

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Go back to Aterian, Inc. (ATER) Misses Q1 EPS by 18c

Aterian Reports First Quarter 2023 Results

May 9, 2023 4:15 PM EDT

Reports First Quarter 2023 Net Revenue of $34.9 Million

Announces Headcount Reduction Geared to Achieve Adjusted EBITDA Profitability Target

NEW YORK, May 09, 2023 (GLOBE NEWSWIRE) -- Aterian, Inc. (Nasdaq: ATER) (Aterian or the Company) today announced results for the first quarter ended March 31, 2023. 

First Quarter Highlights

First quarter 2023 net revenue declined 16.3% to $34.9 million, compared to $41.7 million in the first quarter of 2022.First quarter 2023 gross margin declined to 54.8%, compared to 56.6% in the first quarter of... More