Aterian Named 166th Fastest Growing Company in Americas by Financial Times

Rhea-AI Summary

Aterian, Inc. (Nasdaq: ATER) has been recognized as one of The Americas’ Fastest Growing Companies by the Financial Times for the third consecutive year, ranking 166th out of 500. This ranking is based on the compound annual growth rate (CAGR) in revenue from 2017 to 2020. CEO Yaniv Sarig expressed excitement over the recognition, emphasizing the company’s position to pursue growth as supply chain issues ease. A full report of the rankings will be published on April 28, 2022.

Positive

• Ranked 166th out of 500 in Financial Times' Fastest Growing Companies.
• Third consecutive year of recognition bolstering company credibility.
• CEO optimistic about future growth opportunities as supply chain constraints ease.

Negative

• None.

Third Consecutive Year of Recognition

NEW YORK, April 06, 2022 (GLOBE NEWSWIRE) -- Aterian, Inc. (Nasdaq: ATER) (“Aterian” or the “Company”) announced that it has been recognized in the third annual Financial Times ranking of The Americas’ Fastest Growing Companies. The rankings are based on the compound annual growth rate (CAGR) in revenue, between 2017 and 2020 for public and private businesses across North and South America.

Aterian was ranked 166th out of 500 on the 2022 list. To view the full list go to
https://www.ft.com/content/6ee8f978-a2e0-4644-b7c7-0718a334adb7

Yaniv Sarig, Co-Founder and Chief Executive Officer, commented, “We are very excited to have been recognized and honored to be ranked by the Financial Times for a third consecutive year. We are hopeful to remain on this list for many years to come and believe that as supply chain constraints ease in the future, we will be well positioned to pursue our ambitious growth goals.”

The Financial Times will publish its full report of the rankings in the April 28th print issue.

About Aterian, Inc.
Aterian, Inc. (Nasdaq: ATER), is a leading technology-enabled consumer products platform that builds, acquires, and partners with best-in-class e-commerce brands by harnessing proprietary software and an agile supply chain to create top selling consumer products. The Company’s cloud-based platform, Artificial Intelligence Marketplace Ecommerce Engine (AIMEE™), leverages machine learning, natural language processing and data analytics to streamline the management of products at scale across the world’s largest online marketplaces, including Amazon, Shopify and Walmart. Aterian has thousands of SKUs across 14 owned and operated brands and sells products in multiple categories, including home and kitchen appliances, health and wellness, beauty and consumer electronics.

Forward Looking Statements

All statements other than statements of historical facts included in this press release that address activities, events or developments that we expect, believe or anticipate will or may occur in the future are forward-looking statements including, in particular, the statements regarding the easing of supply chain constraints and our growth goals. These forward-looking statements are based on management’s current expectations and beliefs and are subject to a number of risks and uncertainties and other factors, all of which are difficult to predict and many of which are beyond our control and could cause actual results to differ materially and adversely from those described in the forward-looking statements. These risks include, but are not limited to: those related to the global shipping disruptions, our ability to continue as a going concern, our ability to meet financial covenants with our lenders, our ability to create operating leverage and efficiency when integrating companies that we acquire, including through the use of our team’s expertise, the economies of scale of our supply chain and automation driven by our platform; those related to our ability to grow internationally and through the launch of products under our brands and the acquisition of additional brands; those related to the impact of COVID-19, including its impact on consumer demand, our cash flows, financial condition, forecasting and revenue growth rate; our supply chain including sourcing, manufacturing, warehousing and fulfillment; our ability to manage expenses, working capital and capital expenditures efficiently; our business model and our technology platform; our ability to disrupt the consumer products industry; our ability to grow market share in existing and new product categories; our ability to generate profitability and stockholder value; international tariffs and trade measures; inventory management, product liability claims, recalls or other safety and regulatory concerns; reliance on third party online marketplaces; seasonal and quarterly variations in our revenue; acquisitions of other companies and technologies, and our ability to integrate such companies and technologies with our business, our ability to continue to access debt and equity capital (including on terms advantageous to the Company) and the extent of our leverage and other factors discussed in the “Risk Factors” section of our most recent periodic reports filed with the Securities and Exchange Commission (“SEC”), all of which you may obtain for free on the SEC’s website at www.sec.gov.

Investor Contact:

Ilya Grozovsky
Director of Investor Relations & Corp. Development
Aterian, Inc.
ilya@aterian.io
917-905-1699

FAQ

What is Aterian's ranking in the Financial Times' Fastest Growing Companies list?

Aterian ranks 166th out of 500 in the Financial Times' Fastest Growing Companies list for 2022.

How many years has Aterian been recognized by the Financial Times?

Aterian has been recognized for three consecutive years by the Financial Times.

What is the basis for Aterian's ranking in the Financial Times list?

The ranking is based on the compound annual growth rate (CAGR) in revenue from 2017 to 2020.

When will the full Financial Times report on the rankings be published?

The full report of the rankings will be published in the Financial Times' April 28, 2022 print issue.