Aterian (NASDAQ:ATER) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$28.0m (down 21% from 2Q 2023).

• Net loss: US$3.63m (loss narrowed by 90% from 2Q 2023).

• US$0.52 loss per share (improved from US$5.38 loss in 2Q 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 17%. Earnings per share (EPS) also surpassed analyst estimates by 18%.

Looking ahead, revenue is expected to decline by 9.8% p.a. on average during the next 2 years, while revenues in the Consumer Durables industry in the US are expected to grow by 5.8%.

Performance of the American Consumer Durables industry.

The company's shares are up 25% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 4 warning signs for Aterian that you should be aware of.

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.