Aterian Boosts Q2 Net Revenue Outlook From $20M - $23M To $23M - $26M, Est $21.633M
Portfolio Pulse from Benzinga Newsdesk
Aterian has increased its Q2 net revenue outlook from $20M-$23M to $23M-$26M, surpassing the estimated $21.633M. The company also improved its Adjusted EBITDA loss forecast to a range of ($1.0) million to $0.0 million, better than the previously expected range of ($2.0) million to ($1.0) million.
June 26, 2024 | 8:34 pm
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Aterian has raised its Q2 net revenue outlook to $23M-$26M, exceeding the estimated $21.633M. The company also improved its Adjusted EBITDA loss forecast to a range of ($1.0) million to $0.0 million, better than the previously expected range of ($2.0) million to ($1.0) million.
The increase in revenue outlook and the improved Adjusted EBITDA loss forecast indicate better-than-expected financial performance for Aterian. This is likely to positively impact the stock price in the short term as it surpasses market expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100