Aterian, Inc. reported its financial results for the first quarter ended March 31, 2025, with net revenue of $15.36 million, a 27.8% decrease from Q1 2024. The company recorded an Adjusted EBITDA loss of $(2.5) million for the quarter, compared to a $(0.2) million loss in the prior year period. The net loss for the quarter was $3.9 million, or 52 cents per share.
In response to the uncertainty created by tariffs and broader macroeconomic conditions, Aterian commenced a cost optimization plan. This plan is designed to generate approximately $5-$6 million in annual pre-tax cost savings, with $5 million expected to be realized by the end of 2025. The company estimates it will incur approximately $2.3 million in total costs associated with the plan.
Due to rapidly changing market conditions and significant uncertainty, Aterian withdrew its previously issued net revenue and Adjusted EBITDA guidance for 2025. The company is accelerating its plans to diversify manufacturing outside of China and hasten its advance towards a more resilient business model by deepening its expansion into US-manufactured consumables. These actions aim to maintain revenue, conserve cash, and preserve margin during this transition period.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.