ATER - Aterian GAAP EPS of -$0.78 misses by $0.52 revenue of $41.67M misses by $1.14M

Aterian press release (NASDAQ:ATER): Q1 GAAP EPS of -$0.78 misses by $0.52. Revenue of $41.67M (-13.4% Y/Y) misses by $1.14M. Gross margin improved to 56.6%, compared to 54.1% in the first quarter of 2021. Contribution margin declined to 9.2% from 12.7% in the first quarter of 2021, primarily due to global supply chain disruptions and inflation. Adjusted EBITDA decreased to $(4.5) million from $(1.2) million in the first quarter of 2021. Shares -19.05%.

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Aterian GAAP EPS of -$0.78 misses by $0.52, revenue of $41.67M misses by $1.14M