Aterian sees Q1 revenue $34M-$35M, consensus $33.52

Adjusted EBITDA loss is expected to be in the range of $3.9M to $4.5M, an improvement compared to the $4.8M and $5.8M range previously announced on March 9, 2023. "Our first quarter revenue is inline with our previously announced guidance range, but our adjusted EBITDA is better than our expectations," commented Yaniv Sarig, CEO of Aterian. "We continued to execute on liquidating our high cost inventory and expect our efforts to be completed in the second quarter as planned. Coupled with continuing reductions in our supply chain costs, we believe we remain on track to achieve adjusted EBITDA profitability in the second half of 2023."