Aterian ( NASDAQ:ATER ) First Quarter 2024 Results Key Financial Results Revenue: US$20.2m (down 42% from 1Q 2023). Net...
Despite a sharp revenue decline, Aterian reports significant improvements in margins and operational efficiency, setting a course for profitability in the latter half of 2024.
First Quarter Net Loss Improved by 80.0% Year Over Year and Adjusted EBITDA Loss Improved by 38.4% Affirms Second Half 2024 Adjusted EBITDA Profitability Target NEW YORK, May 07, 2024 (GLOBE NEWSWIRE) -- Aterian, Inc. (Nasdaq: ATER) (“Aterian” or the “Company”) today announced results for the first quarter ended March 31, 2024. First Quarter Highlights First quarter 2024 net revenue declined 42.0% to $20.2 million, compared to $34.9 million in the first quarter of 2023.First quarter 2024 gross m