Aterian Inc Stock Price, News & Analysis

Aterian, Inc. (Nasdaq: ATER) closed a private placement, raising approximately $27.5 million by issuing 6,436,322 shares of common stock and 3,013,850 pre-funded warrants. The accompanying warrants allow the purchase of an aggregate of 7,087,630 shares at an exercise price of $3.20. Proceeds will be used for working capital and potential acquisitions to strengthen its balance sheet amid global supply chain challenges. The company plans to register the securities sold with the SEC by March 31, 2022.

Aterian, Inc. (Nasdaq: ATER) announced a securities purchase agreement for a private placement, aiming to strengthen its balance sheet and secure approximately $27.5 million in gross proceeds. The company plans to sell 9,450,172 shares of common stock along with warrants to purchase an additional 7,087,630 shares at an exercise price of $3.20 per share. Funds will be used for working capital and general corporate purposes, including potential acquisitions. The closing is anticipated by March 4, 2022.

Aterian, Inc. (Nasdaq: ATER) announced plans to report its fourth quarter 2021 financial results on March 8, 2022, after market close. A conference call for investors will follow at 5:00 p.m. ET. U.S. participants can dial (877) 295-1077, while international participants should call (470) 495-9485, using conference ID 8791175. The call will also be accessible via a live webcast on Aterian's investor relations site. Aterian leverages its AIMEE™ platform for e-commerce, managing thousands of SKUs across various categories, including health, beauty, and consumer electronics.

Aterian, Inc. (Nasdaq: ATER) announced its conference schedule for March 2022. The company will participate in the DA Davidson 5th Annual Consumer Growth Conference on March 10, 2022, engaging in one-on-one meetings with investors. Following that, Aterian will attend the 34th Annual Roth Conference in Dana Point, California, on March 14 and 15, 2022, also conducting one-on-one investor meetings. Aterian is a technology-enabled consumer products platform specializing in e-commerce.

Aterian, Inc. (Nasdaq: ATER) announced the appointment of Susan Lattmann and Sarah Liebel to its Board of Directors, enhancing the board's composition to a majority female presence. Lattmann, with over 23 years at Bed Bath & Beyond, will join the Compensation and Audit Committees and is expected to chair the Audit Committee after Greg Petersen's departure on April 1, 2022. Liebel brings significant e-commerce experience and will serve on the Compensation and Nominating Committees. This leadership change aims to strengthen Aterian's pursuit of becoming a leading e-commerce platform.

Aterian, Inc. (Nasdaq: ATER) has secured a $50 million asset-backed credit facility with MidCap Financial Trust, eliminating its $25 million term loan with High Trail. The facility provides $40 million in commitments with an additional $10 million available. CEO Yaniv Sarig highlighted the positive impact of this facility on their balance sheet and shipping costs, aiding in business recovery post-supply chain disruptions. The partnership with MidCap reflects confidence in Aterian's growth, focusing on enhancing e-commerce capabilities and pursuing new acquisitions.

Aterian, Inc. (Nasdaq: ATER) has announced a strategic partnership with Recurrent Ventures to enhance marketing efforts for its E-commerce brands. This collaboration involves leveraging Recurrent's online media assets to promote Aterian's products through affiliate marketing and editorial content, targeting over 60 million unique visitors monthly. The partnership aims to stimulate growth and increase sales for Aterian's existing brands and co-branded product launches, combining Aterian's data-driven methodologies with Recurrent's audience engagement capabilities.

Aterian, Inc. (Nasdaq: ATER) reported a remarkable 409% revenue growth, earning the 303rd spot on Deloitte’s 2021 Technology Fast 500. This recognition reflects Aterian's performance from 2017 to 2020, amid global challenges. CEO Yaniv Sarig emphasized the significance of their AIMEE E-Commerce platform and agile supply chain in achieving this growth. Aterian focuses on leveraging proprietary software to enhance e-commerce brand performance across platforms like Amazon and Walmart.

Aterian, Inc. reported a 16% year-over-year increase in net revenue to $68.1 million for Q3 2021. Gross margin improved to 50.2%, while the contribution margin fell to 12.1%. The company recorded an operating loss of $7.5 million, up from a small profit in Q3 2020, with operating expenses rising to $41.7 million. Additionally, Aterian faced a significant net loss of $110.6 million, largely due to debt extinguishment. Despite challenges, including increased shipping costs and no new product launches this quarter, management remains optimistic about future growth and cost management efforts.