Aterian Reports Second Quarter 2024 Results
Aterian, Inc. (ATER)
Company Research
Source: GlobeNewswire
Second Quarter Net Loss Improved by 89.6% Year Over Year Company Achieved Adjusted EBITDA Profitability SUMMIT, N.J., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Aterian, Inc. (Nasdaq: ATER) (“Aterian” or the “Company”) today announced results for the second quarter ended June 30, 2024. Second Quarter Highlights Second quarter 2024 net revenue declined 20.6% to $28.0 million, compared to $35.3 million in the second quarter of 2023, primarily reflecting the impact of our SKU rationalization efforts.Second quarter 2024 gross margin improved to 60.4%, compared to 42.2% in the second quarter of 2023, primarily reflecting the positive impact of our SKU rationalization efforts and less liquidation of high-cost inventory compared to the prior period.Second quarter 2024 contribution margin improved to 17.4% from (3.6)% in the second quarter of 2023, primarily reflecting the positive impact of our SKU rationalization efforts and less liquidation of high-cost inventory compared to the p
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Earnings
- 3/12/24 - In-Line
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Sec Filings
- 9/13/24 - Form 4
- 9/13/24 - Form 4
- 9/13/24 - Form 4
- ATER's page on the SEC website