Aterian raises Q2 revenue view to $23M-$26M from $20M-$23M, consensus $21.63M

Raises Q2 adjusted EBITDA view to loss of $1M to flat from loss of $1M-$2M. The also announced an update to its previously stated net revenue and adjusted EBITDA ranges for Q2. The company expects its second quarter net revenue to be in the range of $23M to $26M and adjusted EBITDA loss to be in the range of loss of $1M to flat. These ranges are an improvement to the previously announced second quarter net revenue range of $20M-$23M and adjusted EBITDA loss range of $1M to $2M, respectively. The company’s cash balance as of June 30 is expected to be between $17M and $18M and borrowing under its credit facility is expected to be approximately $10M. The company expects to report its finalized second quarter results in early August.