Aterian announces fixed cost reduction plan and preliminary fourth quarter 2023 results

Expected to save $4.0 million annualized on target for second half 2024 adjusted ebitda profitability fourth quarter 2023 net revenue range improved to $31.2 million to $32.0 million expected adjusted ebitda loss range improved to $(6.3) million to $(5.5) million new york, feb. 14, 2024 (globe newswire) -- aterian, inc. (nasdaq: ater) (“aterian” or the “company”) today announced a fixed cost reduction as part of the final steps of its previously announced sku rationalization program. the company also released certain preliminary fourth quarter 2023 results.
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