Aterian Announces Strong Cyber Monday Sales
NEW YORK, Dec. 01, 2022 (GLOBE NEWSWIRE) -- Aterian, Inc. (Nasdaq: ATER) (“Aterian” or the “Company”) today announced that its revenue generated on Cyber Monday, November 28, 2022, was up approximately 60% compared to last year's Cyber Monday. The strength was broad based and included strong sales in many of the Company’s brands and products.
“We are pleased with the strength of our Cyber Monday sales, and consumers appetite for our products” commented Yaniv Sarig, CEO of Aterian. “We are continuing our plan of extending the market share of our leading products, liquidating higher cost inventory, and charting a path to sustainable contribution margin and positive Adjusted EBITDA in the second half of 2023. Given the results from Cyber Monday, we are raising the bottom end of our fourth quarter 2022 revenue guidance. We are now expecting fourth quarter 2022 revenues to be in the range of $47 million to $55 million up from $45 million to $55 million.”
About Aterian, Inc.
Forward Looking Statements
Although we believe that the expectations reflected in our forward-looking statements are reasonable, we do not know whether our expectations will prove correct. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, even if subsequently made available by us on our website or otherwise. We do not undertake any obligation to update, amend or clarify these forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
Investor Contact: Ilya Grozovsky Vice President of Investor Relations & Corp. Development Aterian, Inc. [email protected] 917-905-1699
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