Aterian Expects Q1 Revenue of $20.0M-$21.0M (Prior $18.0M-$21.0M) Vs $19.45M Est
Portfolio Pulse from Benzinga Newsdesk
Aterian, Inc. (NASDAQ:ATER) has updated its Q1 2024 revenue forecast to $20.0M-$21.0M, up from the prior $18.0M-$21.0M, and improved its Adjusted EBITDA loss estimate to ($2.4)M-($2.9)M from ($2.5)M-($3.5)M. Final results are expected in early May 2024.
April 22, 2024 | 11:36 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Aterian, Inc. has raised its Q1 2024 revenue forecast to $20.0M-$21.0M from $18.0M-$21.0M and improved its Adjusted EBITDA loss estimate to ($2.4)M-($2.9)M from ($2.5)M-($3.5)M.
The upward revision in revenue forecast and the improvement in Adjusted EBITDA loss estimates for Q1 2024 indicate a positive operational performance and financial health of Aterian, Inc. This update is likely to be viewed positively by investors, potentially leading to a short-term increase in ATER's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100