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Aterian Inc - ATER STOCK NEWS

Welcome to our dedicated news page for Aterian (Ticker: ATER), a resource for investors and traders seeking the latest updates and insights on Aterian.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Aterian's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Aterian's position in the market.

Rhea-AI Summary
Aterian, Inc. (Nasdaq: ATER) has initiated sales on Mercado Libre's Mexico marketplace through a partnership. The company is offering home and kitchen products initially and aims to expand its product range across all Mercado Libre marketplaces in Latin America. Joseph Risico, Aterian's Co-CEO, expressed excitement about the collaboration.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.31%
Tags
partnership
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News
Rhea-AI Summary
Aterian, Inc. (Nasdaq: ATER) announces a 1-for-12 reverse stock split to meet Nasdaq listing standards by increasing per share price above $1.00. Effective March 22, 2024, every twelve shares will be combined into one, with adjustments to outstanding securities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.92%
Tags
-
Rhea-AI Summary
Aterian, Inc. announced Q4 and full year 2023 results, with a decline in net revenue but improvements in gross margin and operating loss. The company reported a net loss but aims for adjusted EBITDA profitability in the second half of 2024. Financial figures show a decrease in revenue and an increase in gross margin, despite losses.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-18.25%
Tags
Rhea-AI Summary
Aterian, Inc. (Nasdaq: ATER) recently closed a strategic minority equity investment in 4th & Heart, the top U.S. ghee butter brand. The investment included $0.2 million in cash and 145,000 shares of Aterian common stock. Both companies are optimistic about the partnership's potential for growth and collaboration.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4%
Tags
none
-
Rhea-AI Summary
Aterian, Inc. (Nasdaq: ATER) will release its Q4 and full year 2023 financial results on March 12, 2024, followed by a conference call. The call will be accessible via phone and webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.48%
Tags
-
Rhea-AI Summary
Aterian, Inc. extends its asset backed credit facility with MidCap Financial, managed by Apollo Global Management, Inc., until December 2026, providing access to $17.0 million with potential increase to $30.0 million. The extension reduces the minimum liquidity covenant to $6.8 million, strengthening Aterian's balance sheet. Co-CEO and CFO, Arturo Rodriguez, highlights the positive relationship with MidCap Financial and the company's focus on core business stability and growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.07%
Tags
none
Rhea-AI Summary
Aterian, Inc. announces a fixed cost reduction plan to save $4.0 million annually, aiming for adjusted EBITDA profitability in the second half of 2024. The Company expects to reduce its workforce by 21 employees and 27 contractors, primarily in the Philippines and Poland. Preliminary fourth quarter 2023 results show an improved net revenue range of $31.2 million to $32.0 million and an adjusted EBITDA loss range of $(6.3) million to $(5.5) million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.28%
Tags
-
Rhea-AI Summary
Aterian, Inc. (Nasdaq: ATER) announces the launch of select Squatty Potty toilet stools in Walmart stores nationwide, marking a significant milestone in their omnichannel expansion. The partnership aims to educate consumers on the benefits of using Squatty Potty, with products tailored for everyday use and travel.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.62%
Tags
none
-
Rhea-AI Summary
Aterian, Inc. (Nasdaq: ATER) Announces Third Quarter 2023 Net Revenue of $39.7 Million and a 94.6% Improvement in Net Loss. Operating Loss Decreases by 94.0% Year Over Year. Fourth Quarter 2023 Outlook Includes Expected Net Revenue of $28-32 Million and Adjusted EBITDA Loss of ($6.5)-($7.5) Million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.55%
Tags
Rhea-AI Summary
Aterian, Inc. plans to report its second quarter 2023 financial results on November 8, 2023, and will host a conference call for investors and interested parties. The call will be accessible by telephone and internet.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Tags
Aterian Inc

Nasdaq:ATER

ATER Rankings

ATER Stock Data

16.88M
5.83M
13%
6.97%
5.74%
Heating Equipment (except Warm Air Furnaces) Manufacturing
Manufacturing
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United States
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