Welcome to our dedicated page for Aterian news (Ticker: ATER), a resource for investors and traders seeking the latest updates and insights on Aterian stock.
Aterian, Inc. (NASDAQ: ATER) is a technology-enabled consumer products company with a diverse portfolio encompassing various product categories. These categories include home and kitchen appliances, kitchenware, environmental appliances like dehumidifiers and air conditioners, beauty-related products, and consumer electronics. The company's core business model revolves around leveraging technology to identify, develop, and sell consumer products through online channels.
Aterian owns and operates several well-known brands such as Vremi, Healing Solutions, Xtava, TRUWEO, Spiralize, Pohl+Schmitt, and RIF6. Each brand offers a range of products designed to meet specific consumer needs, focusing on innovation, quality, and customer satisfaction. For instance, Vremi is known for its high-quality kitchenware and home appliances, while Healing Solutions specializes in essential oils and related products.
Recently, Aterian has achieved significant milestones, including 4th & Heart becoming the #1 Ghee Butter brand in the US. This achievement highlights the company's ability to dominate niche markets and drive brand success. Additionally, Aterian has reaffirmed its financial goals, projecting Adjusted EBITDA profitability by the second half of 2024.
Financial health and operational transparency are priorities for Aterian. The company employs non-GAAP financial measures such as Contribution Margin and Adjusted EBITDA to provide a comprehensive view of its financial performance. These metrics help investors understand the profitability of individual products and overall business health, beyond conventional GAAP measures.
In terms of partnerships and market expansion, Aterian has recently started selling on Mercado Libre's Mexico Marketplace, tapping into new customer bases and expanding its reach in Latin America. Furthermore, Aterian announced a 1-for-12 reverse stock split, effective from March 22, 2024, to manage its market presence more efficiently.
Aterian continues to innovate and adapt, with a clear strategy for each product's lifecycle. Products typically go through the Launch, Sustain, and Liquidate phases. During the Launch phase, Aterian leverages technology and marketing to introduce new products, with the goal of moving them to the Sustain phase where they become profitable. Unsuccessful products are liquidated to optimize inventory and resources.
In summary, Aterian, Inc. is a dynamic player in the consumer products sector, driven by technology and innovation. The company's strategic approach to product development, financial transparency, and market expansion positions it for sustainable growth and profitability.
Aterian (ATER) has launched three new products across its PurSteam and Mueller Living brands, available on Amazon.com and Walmart.com, with upcoming availability on MercadoLibre and Target+. PurSteam introduced two products: the Steam Station Max, a professional-grade steam iron combining precision and affordability, and the ScrubMaster, an advanced steam mop featuring dual scrubbing heads and LED lights. Mueller Living launched the Cordless Portable Vacuum Sealer, capable of sealing up to 60 one-quart bags on a single 3-hour charge and compatible with all vacuum sealer bags.
Aterian (ATER) has expanded its presence on Target+, Target 's invitation-only online marketplace, by launching products from its hOmeLabs, PurSteam, and Mueller Living brands. The company has also expanded its Squatty Potty product offerings on the platform. This strategic move aims to reach millions of new online shoppers and strengthens Aterian's omni-channel strategy, complementing its existing presence on Amazon.com, Walmart.com, and direct-to-consumer websites. Target+ provides a premium platform for third-party sellers offering curated, high-demand products across home, kitchen, and lifestyle categories.
Aterian (ATER) reported Q3 2024 results showing mixed performance. Net revenue declined 34% to $26.2 million, primarily due to SKU rationalization efforts. However, gross margin improved to 60.3% from 49.4% year-over-year, and contribution margin increased to 17% from 3%. The company reduced its net loss by 71.7% to ($1.8) million and achieved positive adjusted EBITDA of $0.5 million, marking a $4.9 million improvement year-over-year. Cash balance stood at $16.1 million. For Q4 2024, management expects revenue between $22.5-25.5 million with break-even adjusted EBITDA.
Aterian (Nasdaq: ATER) has announced it will release its third quarter 2024 financial results after market close on Monday, November 11, 2024. The company will host an investor conference call at 5:00 p.m. ET the same day. U.S. participants can dial (888) 596-4144, while international callers should use (646) 968-2525 with conference ID 4711775. A live webcast will be available at ir.aterian.io, with an archived replay accessible in the investors section of Aterian's website.
Aterian (NASDAQ: ATER) reported its Q2 2024 results, showing significant improvements despite revenue decline. Net revenue decreased 20.6% to $28.0 million, primarily due to SKU rationalization efforts. However, the company achieved notable improvements:
- Gross margin increased to 60.4% from 42.2% in Q2 2023
- Contribution margin improved to 17.4% from -3.6%
- Operating loss reduced by 91.2% to $3.2 million
- Net loss improved by 89.6% to $3.6 million
- Adjusted EBITDA turned positive at $0.2 million, a 102% improvement
For Q3 2024, Aterian projects revenue between $25-27 million and adjusted EBITDA of $0-0.6 million. The company expects to maintain adjusted EBITDA profitability in H2 2024.
Aterian, Inc. (Nasdaq: ATER) has announced its plans to report second quarter 2024 financial results on Thursday, August 8, 2024, after the market close. The company will host an investor conference call at 5:00 p.m. ET on the same day to discuss the results.
Participants can access the call via telephone or webcast. U.S. callers should dial (800) 715-9871, while international callers should use (646) 307-1963 and ask to join the Aterian, Inc. call or use conference ID 2310458. A live webcast will be available at https://ir.aterian.io. An archived replay will be accessible in the investors section of Aterian's corporate website for a time after the call.
Aterian has announced significant leadership changes and an update on its second-quarter 2024 financial outlook. Arturo Rodriguez, previously Co-CEO and CFO, has been appointed as CEO, and Josh Feldman, the former SVP of Finance, is now CFO. Joe Risico has resigned as Co-CEO and from the Board, but will remain as a consultant through a three-month transition period.
Financially, Aterian has improved its second-quarter 2024 net revenue expectations to a range of $23 million to $26 million, up from the prior range of $20 million to $23 million. The Adjusted EBITDA loss range has also improved to between ($1.0) million and $0.0 million, from a previous range of ($2.0) million to ($1.0) million. The company expects a net loss for the quarter and year, primarily due to interest, restructuring, and stock-based compensation expenses. As of June 30, 2024, Aterian's cash balance is expected to be between $17 million and $18 million, with approximately $10 million in borrowing under its credit facility.
Aterian, Inc. (Nasdaq: ATER) reported first quarter 2024 results, showing an 80.0% improvement in net loss year over year and a 38.4% improvement in adjusted EBITDA loss. Despite a 42.0% decline in net revenue to $20.2 million, there were positive changes in gross margin, contribution margin, and operating loss. The company remains optimistic about achieving profitability on an adjusted EBITDA basis in the second half of 2024.
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