Aterian Reports Fourth Quarter & Full Year 2023 Results
Aterian, Inc. (ATER)
Company Research
Source: GlobeNewswire
NEW YORK, March 12, 2024 (GLOBE NEWSWIRE) -- Aterian, Inc. (Nasdaq: ATER) (“Aterian” or the “Company”) today announced results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Highlights Fourth quarter 2023 net revenue declined 40.3% to $32.8 million, compared to $54.9 million in the fourth quarter of 2022.Fourth quarter 2023 gross margin increased to 51.0%, compared to 37.1% in the fourth quarter of 2022, primarily reflecting lower liquidation of high cost inventory compared to the prior period.Fourth quarter 2023 contribution margin increased to (0.8%) from (11.5%) in the fourth quarter of 2022, primarily reflecting lower liquidation of high cost inventory compared to the prior period.Fourth quarter 2023 operating loss improved to ($8.2) million compared to a loss of ($22.8) million in the fourth quarter of 2022. Fourth quarter 2023 operating loss includes a reserve for barter credits of ($0.3) million and
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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
- 4/22/24 - Form 8-K
- 4/8/24 - Form 8-K
- 3/19/24 - Form 10-K
- ATER's page on the SEC website