Aterian raises Q4 revenue view to $47M-$55M from $45M-$55M, consensus $48.27M

"We are pleased with the strength of our Cyber Monday sales, and consumers appetite for our products" commented Yaniv Sarig, CEO of Aterian. "We are continuing our plan of extending the market share of our leading products, liquidating higher cost inventory, and charting a path to sustainable contribution margin and positive Adjusted EBITDA in the second half of 2023. Given the results from Cyber Monday, we are raising the bottom end of our fourth quarter 2022 revenue guidance. We are now expecting fourth quarter 2022 revenues to be in the range of $47 million to $55 million up from $45 million to $55 million."