ATER - Aterian GAAP EPS of -$0.27 misses by $0.02 revenue of $54.9M beats by $0.42M
2023-03-09 16:22:51 ET
- Aterian press release ( NASDAQ: ATER ): Q4 GAAP EPS of -$0.27 misses by $0.02 .
- Revenue of $54.9M (-13.3% Y/Y) beats by $0.42M .
- Gross margin declined to 37.1%, compared to 45.6% in the fourth quarter of 2021, primarily reflecting the impact of our strategy of liquidating high cost inventory.
- Contribution margin declined to (11.5)% from 7.9% in the fourth quarter of 2021, primarily reflecting the impact of our strategy of liquidating high cost inventory.
- Adjusted EBITDA loss increased to $(16.2) million from $(3.0) million in the fourth quarter of 2021.
- Total cash balance at December 31, 2022 was $43.6 million.
- For the first quarter of 2023, taking into account the current global environment and inflation, we believe that net revenue will be between $32 million and $36 million. For the first quarter of 2023, the Company expects Adjusted EBITDA to remain in the range of $(4.8) million and $(5.8) million.
- The Company also is reconfirming its prior guidance of expecting to be Adjusted EBITDA profitable in the second half of 2023.
- Shares -2.88% AH.
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Aterian GAAP EPS of -$0.27 misses by $0.02, revenue of $54.9M beats by $0.42M