Aterian Inc Stock Price, News & Analysis

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.

Aterian, Inc. (Nasdaq: ATER) announced the termination of Fabrice Hamaide as General Manager and Head of European M&A, effective June 30, 2021. Joe Risico, currently the Chief Legal Officer and Head of U.S. M&A, will take over European M&A responsibilities on an interim basis. Aterian is focused on pursuing M&A opportunities both domestically and internationally. The company utilizes its AIMEE™ platform for managing e-commerce brands efficiently across major marketplaces like Amazon.

Aterian, Inc. (Nasdaq: ATER) announced its inclusion in the small-cap Russell 2000 Index and the broad-market Russell 3000 Index, effective June 28, 2021. This milestone reflects the company’s progress since going public in 2019, as stated by CEO Yaniv Sarig. The Russell indexes rank the largest U.S. stocks by market capitalization and serve as benchmarks for investment strategies, with approximately $10.6 trillion in assets benchmarked against them. Aterian leverages AI technology to manage consumer products across top online marketplaces.

Aterian, Inc. (Nasdaq: ATER) announced a private placement of its common stock, expected to generate approximately $40 million in gross proceeds. The Company will sell 2,666,667 shares at $15.00 each, with the transaction estimated to close around June 15, 2021. Proceeds will support working capital and may fund acquisitions and investments. Aterian faces challenges due to the global supply chain crisis, which may impact prior revenue guidance. The placement is managed by A.G.P./Alliance Global Partners, with resale registration planned with the SEC.

Aterian, Inc. (Nasdaq: ATER) announced that stockholders have voluntarily locked up 4,058,116 shares of common stock, representing 13.3% of total shares as of March 31, 2021. CEO Yaniv Sarig will lock up all shares he controls until January 1, 2022, while other co-founders and related parties will lock a portion until December 1, 2021. The lock-up agreements prohibit these stockholders from selling or transferring their shares, reflecting confidence in the company's long-term prospects.

Aterian is a technology-driven consumer products platform leveraging AI for e-commerce success.