Aterian, Inc. Revises Earnings Guidance for the First Quarter Ended March 31, 2024
April 22, 2024 at 05:00 pm IST
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Aterian, Inc. revised earnings guidance for the first quarter ended March 31, 2024. The net revenue is based on preliminary data, which has not been subjected to normal quarter end closing and review procedures. The Company expects its first quarter net revenue to be in the range of $20.0 million to $21.0 million.
These ranges are an improvement compared to the previously announced (on March 12, 2024) net revenue range of $18.0 million to $21.0 million. The company expects to report a net loss for the three months ended March 31, 2024, due primarily to interest expense and stock-based compensation expense.
Aterian, Inc. is a technology-enabled consumer products company. The Company builds and acquires e-commerce brands. The Companyâs primary brands include Squatty Potty; hOmeLabs; Mueller; Pursteam; Healing Solutions; and Photo Paper Direct. The Company sells a wide range of products across multiple categories, including home and kitchen appliances, kitchenware, cooling, and air quality appliances such as dehumidifiers, health and beauty products, essential oils and more. These products are sold under the Companyâs owned brands, which were either incubated or acquired. Its customers are mainly individual online consumers who purchase its products primarily on Amazon United States, and to a lesser extent on its owned and operated websites and other marketplaces, such as Walmart. The Company's subsidiaries include Aterian Group, Inc., Xtava LLC, Sunlabz LLC, RIF6 LLC, SweetHomeDealz LLC, Products for Change, LLC, Commerce Planet, LLC, Chromatic Jammer, LLC, Rencare, LLC, among others.
ATERIAN, INC. 
