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Aterian, Inc. reports developments for an e-commerce consumer products portfolio built around owned brands in home and kitchen appliances, health and wellness, air quality devices, kitchenware, beauty, essential oils and related household categories. Its brand portfolio includes hOmeLabs, Squatty Potty, PurSteam, Mueller Living, Healing Solutions and Photo Paper Direct, with sales across major online marketplaces and direct-to-consumer websites.
Recurring ATER news includes product launches, digital retail channel expansion, marketplace availability, quarterly operating results, margin and expense trends, guidance updates, credit and capital-structure matters, governance actions and board-level reviews of strategic alternatives.
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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