Ecommerce platform Aterian expects its Q4 net
revenue will hit from $54.0 million to $55.0 million. And the company estimates that its full-year 2022 revenue will range from $220.0 million to $221.0 million, based on preliminary data.
“Our fourth-quarter revenue was on the top end of our previous projection and we believe Aterian is set up well for a strong 2023,” commented Yaniv Sarig, CEO
of Aterian.
Sarig is taking almost all of his 2023 base salary in Aterian stock, based on his confidence that the firm is headed toward Adjusted EBITDA profitability in the second
half of 2023.
“We are executing on our plan to liquidate higher cost inventory and protect market share of our leading products in order to reach our target sustainable
contribution margin.”
The quarter and the fiscal year ended on December 31, 2022.