ATER - Aterian guides revenue above estimates

• Aterian ( NASDAQ: ATER ) shares gained over 3% premarket on Tuesday after the consumer product platform guided for Q4 revenue of $54M-$55M.
• Quarterly revenue was on the top end of the firm's previous projection and above consensus estimate of $48.42M . Full year 2022 net revenue is estimated in the range of $220M-$221M vs.$214.86M consensus.
• Aterian CEO Yaniv Sarig commented: "Our fourth quarter revenue was on the top end of our previous projection and we believe Aterian is set up well for a strong 2023. We are executing on our plan to liquidate higher cost inventory and protect market share of our leading products in order to reach our target sustainable contribution margin. We continue to believe we are on the path to achieving Adjusted EBITDA profitability in the second half of 2023."

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