Why Are Aterian Shares Soaring Today?

Aterian, Inc. ATER shares are trading higher today after the company issued fourth-quarter revenue guidance above analyst estimates.

The company expects fourth-quarter net revenue in the range of $54 and 55 million, which is above analysts' estimates of $48.27 million. Full-year net revenue is expected to be between $220 and 221 million, which is above analysts' estimates of $214.76 million.

Aterian attributes effective inventory management techniques and a focus on market share as the key drivers of favorable revenue numbers.

CEO Yaniv Sarig stated, “our fourth quarter revenue was on the top end of our previous projection, and we believe Aterian is set up well for a strong 2023.”

Aterian Inc is a technology-enabled consumer products company. Its product categories include home and kitchen appliances, kitchenware, environmental appliances, beauty-related products, and consumer electronics.

According to data from Benzinga Pro, Aterian, Inc. shares are up 46.3%, trading at $1.41 at the time of publication. It has a 52-week high of $7.26 and a 52-week low of $1.0395.