Aterian sees Q4 revenue $31.2M-$32M, consensus $28.58M

The Company announced an update to its previously stated net revenue and adjusted EBITDA ranges for the fourth quarter ended December 31 The Company expects net revenue to be in the range of $31.2M to $32.M and adjusted EBITDA loss to be in the range of $(6.3)M to $(5.5)M. The previously announced ranges of net revenue and adjusted EBITDA loss for the fourth quarter of 2023 were $28M to $32M and $(6.5)M and $(7.5) M, respectively. The Company’s cash balance as of December 31, , as expected, will be approximately $20.0 M and borrowing under its credit facility is expected to be approximately $11M