Aterian (NASDAQ:ATER) First Quarter 2024 Results

Key Financial Results

• Revenue: US$20.2m (down 42% from 1Q 2023).

• Net loss: US$5.16m (loss narrowed by 80% from 1Q 2023).

• US$0.76 loss per share (improved from US$4.04 loss in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Aterian Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) also surpassed analyst estimates by 32%.

Looking ahead, revenue is expected to decline by 16% p.a. on average during the next 2 years, while revenues in the Consumer Durables industry in the US are expected to grow by 5.5%.

Performance of the American Consumer Durables industry.

The company's shares are up 17% from a week ago.

Risk Analysis

Before you take the next step you should know about the 4 warning signs for Aterian that we have uncovered.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.