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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. announces participation in H.C. Wainwright 25th Annual Global Investment Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.29%
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none
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Rhea-AI Summary
Aterian, Inc. reports a decline in net revenue and gross margin in the second quarter of 2023. The company's net revenue decreased by 39.5% to $35.3 million compared to the same period last year. Gross margin declined to 42.2% from 53.8% due to the liquidation of high-cost inventory. The contribution margin also declined to (3.6)% from 9.7% primarily due to consumer softness and competitive pricing pressure. The operating loss increased to ($36.4) million from ($10.1) million, and the net loss increased to ($34.8) million from ($6.3) million. The company's adjusted EBITDA loss for the quarter was ($8.0) million. The total cash balance at the end of the quarter was $28.9 million. For the third quarter, the company expects net revenue to be between $32.5 million and $37.5 million, with an adjusted EBITDA loss of ($4.5) million to ($5.5) million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.69%
Tags
earnings
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Rhea-AI Summary
Aterian, Inc. (Nasdaq: ATER) plans to report its second quarter 2023 financial results on August 8, 2023, after the market close. A conference call for investors and interested parties will be held at 5:00 p.m. ET on the same day. Participants can access the call through telephone or a live webcast. The archived online replay will be available for a limited time on the Aterian corporate website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.61%
Tags
earnings
Rhea-AI Summary
Aterian, Inc. (Nasdaq: ATER) has granted a restricted stock award of 70,000 shares to a new employee. The award will vest over three years, with 33.33% vesting after one year and the rest vesting quarterly. This award was granted under the Aterian 2022 Inducement Equity Incentive Plan.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.61%
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none
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Rhea-AI Summary
Aterian appoints Joe Risico and Arturo Rodriguez as Co-CEOs and William Kurtz as Chair of the Board. Second quarter revenue expected to be between $34.8M to $35.4M with an adjusted EBITDA loss of $8.0M to $9.0M. Yaniv Sarig resigns as CEO. Risico to lead strategy and revenue generation, Rodriguez to lead technology and development.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-23.66%
Tags
earnings
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.85%
Tags
earnings
Rhea-AI Summary
Aterian, Inc. plans to report its Q1 2023 financial results on May 9, 2023, and host a conference call for investors and interested parties.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.41%
Tags
earnings
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Rhea-AI Sentiment
End-of-Day
-2.59%
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Rhea-AI Sentiment
End-of-Day
2.91%
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Rhea-AI Sentiment
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Aterian Inc

Nasdaq:ATER

ATER Rankings

ATER Stock Data

21.17M
5.83M
11.15%
6.98%
4.55%
Heating Equipment (except Warm Air Furnaces) Manufacturing
Manufacturing
Link
United States
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