Aterian Expects Q3 Net Revenue Of $25M-$27M Vs. $26.148M Consensus; Sees Adj. EBITDA Of $0.0M-$0.6M
Portfolio Pulse from Benzinga Newsdesk
Aterian expects Q3 2024 net revenue to be between $25M-$27M, slightly below the consensus of $26.148M. The company also projects adjusted EBITDA to range from $0.0M to $0.6M. Management remains optimistic about profitability on an adjusted EBITDA basis for the second half of 2024.
August 09, 2024 | 7:35 am
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NEUTRAL IMPACT
Aterian's Q3 2024 revenue forecast of $25M-$27M is slightly below the consensus of $26.148M. The adjusted EBITDA projection ranges from $0.0M to $0.6M. Management is optimistic about achieving profitability on an adjusted EBITDA basis for the second half of 2024.
The revenue forecast is slightly below consensus, which could be seen as a negative. However, the company's optimism about achieving profitability on an adjusted EBITDA basis for the second half of 2024 could offset some concerns, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100