Aterian Inc Stock Price, News & Analysis

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.

Aterian, Inc. (Nasdaq: ATER) has announced its plans to report its third quarter 2021 financial results after the market close on November 8, 2021. The company will host a conference call for investors at 5:00 p.m. ET that evening, accessible via telephone and online webcast. Aterian is recognized for its technology-enabled consumer products platform that utilizes proprietary software to optimize e-commerce operations across major marketplaces like Amazon and Walmart, managing thousands of SKUs across various categories.

Aterian, Inc. (Nasdaq: ATER) has officially launched a beta version of its new affiliate marketing platform, DealMojo, aimed at connecting publishers, content creators, and influencers with Amazon sellers offering enticing commissions. CEO Yaniv Sarig emphasized this initiative as part of the company's strategy to innovate in e-commerce and diversify revenue streams. DealMojo aims to enhance traffic and content for Amazon sellers by facilitating direct connections with leading online publishers, already collaborating with sites attracting over 300 million monthly visitors.

Aterian, Inc. (Nasdaq: ATER) announced it has agreed with lender High Trail to pay down $66.3 million of its secured term debt using shares of common stock. The remaining $25 million loan will now mature in April 2023, with all financial covenants restructured. CEO Yaniv Sarig noted this achievement strengthens Aterian's balance sheet and cash flows, enabling a focused M&A strategy amidst ongoing global supply chain challenges.

Aterian, Inc. (Nasdaq: ATER) has launched a Shareholder Perks Program designed to reward its shareholders. Eligible shareholders will receive exclusive weekly discounts on Aterian-branded products available on their websites and Amazon.com. The program aims to thank shareholders for their support and engage them with the company's offerings. CEO Yaniv Sarig emphasized the program’s significance, reflecting customer enthusiasm for Aterian products. For more details, shareholders can visit www.aterian.io/perks.

Aterian, Inc. (Nasdaq: ATER) reported a 14% year-over-year increase in net revenue for Q2 2021, reaching $68.2 million. Gross margin improved to 48.0%. However, the company faced challenges such as increased operating expenses totaling $28.3 million and a net loss of $(36.3) million, widening from $(2.9) million in Q2 2020. Due to the global supply chain crisis, Aterian withdrew its 2021 revenue guidance and had to seek a waiver for its adjusted EBITDA covenant from its lender. The company remains optimistic about its long-term e-commerce strategy despite these challenges.

Aterian, Inc. (NASDAQ: ATER) announced it will report its second quarter 2021 financial results on August 9, 2021, before the market opens. An investor conference call is scheduled for the same day at 8:00 a.m. ET, accessible via phone and online. Aterian is a technology-enabled platform creating consumer products through its software and agile supply chain, specializing in e-commerce brands. The company operates thousands of SKUs across 14 brands, focusing on categories like home appliances, health, and beauty products.