Aterian Says On Target For Second Half 2024 Adjusted EBITDA Profitability; Revises Q4 Net Revenue Outlook From $28M-$32M To $31.2M-$32M (Est $28.58M)
Portfolio Pulse from Benzinga Newsdesk
Aterian has updated its Q4 net revenue outlook to $31.2M-$32M, up from the previously forecasted $28M-$32M, surpassing the estimated $28.58M. The company also improved its adjusted EBITDA loss forecast for the same period, now expecting a loss between $(6.3)M and $(5.5)M, an improvement from the previously expected range of $(6.5)M to $(7.5)M. Additionally, Aterian is on target for achieving adjusted EBITDA profitability in the second half of 2024.
February 14, 2024 | 9:37 pm
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POSITIVE IMPACT
Aterian has raised its Q4 revenue forecast and improved its adjusted EBITDA loss outlook, indicating a positive trajectory towards profitability in H2 2024.
The upward revision in Aterian's revenue outlook and the improvement in its adjusted EBITDA loss forecast are positive indicators of the company's financial health and operational efficiency. This news is likely to be received positively by investors, potentially leading to an increase in Aterian's stock price in the short term. The company's progress towards achieving adjusted EBITDA profitability by the second half of 2024 further strengthens its growth narrative.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100