Aterian Announces Fixed Cost Reduction Plan and Preliminary Fourth Quarter 2023 Results [Yahoo! Finance]
Aterian, Inc. (ATER)
Company Research
Source: Yahoo! Finance
Fourth Quarter 2023 Net Revenue Range Improved to $31.2 Million to $32.0 Million Expected Adjusted EBITDA Loss Range Improved to $(6.3) Million to $(5.5) Million NEW YORK, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Aterian, Inc. (Nasdaq: ATER) (“Aterian” or the “Company”) today announced a fixed cost reduction as part of the final steps of its previously announced SKU rationalization program. The Company also released certain preliminary fourth quarter 2023 results. Fixed Cost Reduction Plan The fixed cost reduction plan is expected to align the Company's costs to what the Company believes will be the appropriate level as it drives towards adjusted EBITDA profitability in the second half of 2024. The Company expects to reduce its workforce by 21 employees and 27 contractors, primarily in the Philippines and Poland, and to recognize annualized savings of approximately $4.0 million. The Company expects to primarily complete the plan by the end of the first quarter 2024 and to recognize
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News
- Aterian Sets Date for First Quarter 2024 Earnings Announcement & Investor Conference CallGlobeNewswire
- Aterian Announces Improved First Quarter 2024 Net Revenue and Adjusted EBITDA Ranges [Yahoo! Finance]Yahoo! Finance
- Aterian Announces Improved First Quarter 2024 Net Revenue and Adjusted EBITDA RangesGlobeNewswire
- Aterian Partners with Mercado Libre, Latin America's Leading E-Commerce Platform [Yahoo! Finance]Yahoo! Finance
- Aterian Partners with Mercado Libre, Latin America’s Leading E-Commerce PlatformGlobeNewswire
ATER
Earnings
- 3/12/24 - In-Line
ATER
Sec Filings
- 4/30/24 - Form 4
- 4/30/24 - Form 4
- 4/30/24 - Form 4
- ATER's page on the SEC website