Aterian, Inc. (ATER) Misses Q2 EPS by 30c

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Go back to Aterian, Inc. (ATER) Misses Q2 EPS by 30c

Aterian Reports Second Quarter 2023 Results

August 8, 2023 4:15 PM EDT

NEW YORK, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Aterian, Inc. (Nasdaq: ATER) (Aterian or the Company) today announced results for the second quarter ended June 30, 2023. 

Second Quarter Highlights

Second quarter 2023 net revenue declined 39.5% to $35.3 million, compared to $58.3 million in the second quarter of 2022.Second quarter 2023 gross margin declined to 42.2%, compared to 53.8% in the second quarter of 2022, primarily reflecting the impact of our strategy of liquidating high-cost inventory.Second quarter 2023 contribution margin declined to (3.6)% from 9.7%... More