Brief: Aterian Announces Management Change & Second Quarter 2023 Preliminary Results

Aterian

27/07/2023 15:03

Aterian Inc  ATER.O :
    * ATERIAN ANNOUNCES MANAGEMENT CHANGE & SECOND QUARTER 2023
PRELIMINARY RESULTS
    * ATERIAN INC - JOE RISICO AND ARTURO RODRIGUEZ APPOINTED
CO-CEOS
    * ATERIAN INC - WILLIAM KURTZ APPOINTED CHAIR OF BOARD
    * ATERIAN INC - YANIV SARIG HAS RESIGNED AS CEO AND FROM
BOARD
EFFECTIVE JULY 26
    * ATERIAN INC - RODRIGUEZ WILL ALSO CONTINUE HIS PRESENT
ROLE AS
CHIEF FINANCIAL OFFICER
    * ATERIAN INC - EXPECTS Q2 NET REVENUE TO BE IN RANGE OF
$34.8
MILLION TO $35.4 MILLION
    * ATERIAN INC - CONTINUE TO SEE CONSUMER SOFTNESS IN
CONSUMER
DISCRETIONARY SPACE WHICH HAS IMPACTED OUR EXPECTED RESULTS FOR
Q2
    * ATERIAN - WITH EXPECTED VIEW OF CONTINUED CONSUMER
SOFTNESS IN
2023, BELIEVE ADJUSTED EBITDA PROFITABILITY TO BE MORE REALISTIC
IN SUMMER 2024 VERSUS H2 2023
    * ATERIAN INC - EXPECT TO REPORT A NET LOSS FOR THREE MONTHS
ENDING JUNE 30, 2023, FOR SECOND HALF OF 2023 AND FOR YEAR
ENDING DECEMBER 31, 2024

Source text for Eikon:  ID:nGNXb4yrG3 
Further company coverage:  ATER.O