Aterian Affirms 2H24 Adjusted EBITDA Profitability Target; Sees Q2 Net Revenue Of $20M-$23M, Est $21.656M
Portfolio Pulse from Benzinga Newsdesk
Aterian projects Q2 2024 net revenue to be between $20M-$23M, with an estimated midpoint of $21.656M, despite global economic challenges and inflation. The company also reaffirms its target for adjusted EBITDA profitability in the second half of 2024, expecting an adjusted EBITDA loss of $1M-$2M for Q2.
May 07, 2024 | 10:09 pm
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Aterian expects Q2 2024 revenues of $20M-$23M and an adjusted EBITDA loss of $1M-$2M, while reaffirming its 2H24 profitability target.
Aterian's projection of meeting its revenue target despite economic challenges and its reaffirmation of reaching adjusted EBITDA profitability in the second half of 2024 are positive indicators for the company's financial health and operational efficiency. This outlook may boost investor confidence, potentially leading to a positive short-term impact on ATER's stock price.
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