Aterian Inc Stock Price, News & Analysis

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.

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.