RTTNews | Aug 9, 2021 10:46AM EDT

10:45 Monday, August 9, 2021 (RTTNews.com) - Shares of consumer products platform provider Aterian, Inc. (ATER) are down more than 39% Monday morning after the company's second-quarter results missed analysts' view.

Net loss in the second quarter widened to $36.31 million or $1.23 per share from $2.94 million or $0.19 per share in the same quarter a year ago.

Net revenue, however, grew 14% year over year to $68.19 million, from $59.8 million last year.

On average, 6 analysts polled by Thomson Reuters expected the company to report loss of $0.19 per share on revenue of $94.31 million for the quarter.

The company has withdrawn its 2021 revenue and adjusted EBITDA outlook citing "the COVID-19 pandemic continues to make near term consumer behavior patterns difficult to predict."

ATER touched a new low of $4.81 this morning, before edging up to $5 currently.

Read the original article on RTTNews ( https://www.rttnews.com/3217379/aterian-plunges-following-wider-net-loss-missing-estimates-uncertain-outlook.aspx)

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