Aterian, Inc., together with its subsidiaries, operates as a technology-enabled consumer products company in North America and internationally. It provides Artificial Intelligence Mohawk e-Commerce Engine, a software technology platform, which uses machine learning, natural language processing, and data analytics to design, develop, market, and sell products. The company's platform provides home and kitchen appliances; kitchenware, heating, cooling, and health and beauty products; and air quality appliances, such as dehumidifiers, humidifiers, and air conditioners under the hOmeLabs, Vremi, Xtava, RIF6, Aussie Health, Holonix, Truweo, Mueller, Pursteam, Pohl and Schmitt, and Spiralizer brands. It also sells essential oils. The company primarily serves individual online consumers through Amazon and other e-commerce platforms, as well as through its owned and operated websites and other marketplaces. The company was formerly known as Mohawk Group Holdings, Inc. and changes its name to Aterian, Inc. in April 2021. Aterian, Inc. was founded in 2014 and is headquartered in New York, New York.
IPO Year: 2019
Exchange: NASDAQ
Website: aterian.io
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/30/2023 | $3.00 | Buy | Craig Hallum |
| 3/9/2022 | $9.00 → $5.00 | Buy | BTIG |
| 9/24/2021 | $5.50 → $12.00 | Neutral | Roth Capital |
| 8/10/2021 | $5.50 | Buy → Neutral | ROTH Capital |
10-Q - Aterian, Inc. (0001757715) (Filer)
8-K - Aterian, Inc. (0001757715) (Filer)
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144 - Aterian, Inc. (0001757715) (Subject)
8-K - Aterian, Inc. (0001757715) (Filer)
144 - Aterian, Inc. (0001757715) (Subject)
10-Q - Aterian, Inc. (0001757715) (Filer)
8-K - Aterian, Inc. (0001757715) (Filer)
8-K - Aterian, Inc. (0001757715) (Filer)
8-K - Aterian, Inc. (0001757715) (Filer)
Third Quarter Net Loss Improved by 71.7% Year Over Year Achieved Adjusted EBITDA Profit for the Second Consecutive Quarter, Marking a $4.9 Million Improvement Year-Over-Year SUMMIT, N.J., Nov. 11, 2024 (GLOBE NEWSWIRE) -- Aterian, Inc. (NASDAQ:ATER) ("Aterian" or the "Company") today announced results for the third quarter ended September 30, 2024. Third Quarter Highlights Third quarter 2024 net revenue declined 34.0% to $26.2 million, compared to $39.7 million in the third quarter of 2023, primarily reflecting a reduced product portfolio as a result of our previously announced SKU rationalization efforts.Third quarter 2024 gross margin improved to 60.3%, compared to 49.4% in the th
SUMMIT, N.J., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Aterian, Inc. (NASDAQ:ATER) ("Aterian") announced today that it plans to report its third quarter 2024 financial results after the market close on Monday, November 11, 2024, and plans to host a conference call for investors and interested parties at 5:00 p.m. ET that evening. The conference call will be accessible by telephone and the internet. To access the call, participants from within the U.S. should dial (888) 596-4144 and participants from outside the U.S. should dial (646) 968-2525 and ask to be joined into the Aterian, Inc. call or use conference ID 4711775. Participants may also access the call through a live webcast at https://ir.a
Second Quarter Net Loss Improved by 89.6% Year Over Year Company Achieved Adjusted EBITDA Profitability SUMMIT, N.J., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Aterian, Inc. (NASDAQ:ATER) ("Aterian" or the "Company") today announced results for the second quarter ended June 30, 2024. Second Quarter Highlights Second quarter 2024 net revenue declined 20.6% to $28.0 million, compared to $35.3 million in the second quarter of 2023, primarily reflecting the impact of our SKU rationalization efforts.Second quarter 2024 gross margin improved to 60.4%, compared to 42.2% in the second quarter of 2023, primarily reflecting the positive impact of our SKU rationalization efforts and less liqu
SUMMIT, N.J., July 29, 2024 (GLOBE NEWSWIRE) -- Aterian, Inc. (NASDAQ:ATER) ("Aterian") announced today that it plans to report its second quarter 2024 financial results after the market close on Thursday, August 8, 2024, and plans to host a conference call for investors and interested parties at 5:00 p.m. ET that evening. The conference call will be accessible by telephone and the internet. To access the call, participants from within the U.S. should dial (800) 715-9871 and participants from outside the U.S. should dial (646) 307-1963 and ask to be joined into the Aterian, Inc. call or use conference ID 2310458. Participants may also access the call through a live webcast at https://ir.a
Arturo Rodriguez Appointed CEO Josh Feldman Appointed CFO Second Quarter 2024 Net Revenue Range Improved to Between $23 Million to $26 Million Second Quarter 2024 Adjusted EBITDA Range Improved to Between a Loss of ($1.0) Million to $0.0 Million NEW YORK, June 26, 2024 (GLOBE NEWSWIRE) -- Aterian, Inc. (NASDAQ:ATER) ("Aterian" or the "Company") today announced the appointment of Arturo (Arty) Rodriguez as Chief Executive Officer (previously the Company's Co-CEO and CFO) and Josh Feldman as Chief Financial Officer (previously the Company's SVP of Finance) and that Joe Risico has resigned as Co-CEO and from the Board of Directors and will consult the Company over a three month transiti
First Quarter Net Loss Improved by 80.0% Year Over Year and Adjusted EBITDA Loss Improved by 38.4% Affirms Second Half 2024 Adjusted EBITDA Profitability Target NEW YORK, May 07, 2024 (GLOBE NEWSWIRE) -- Aterian, Inc. (NASDAQ:ATER) ("Aterian" or the "Company") today announced results for the first quarter ended March 31, 2024. First Quarter Highlights First quarter 2024 net revenue declined 42.0% to $20.2 million, compared to $34.9 million in the first quarter of 2023.First quarter 2024 gross margin improved to 65.1%, compared to 54.8% in the first quarter of 2023, primarily reflecting the positive impact of our SKU rationalization efforts and less liquidation of high cost inventory
NEW YORK, April 25, 2024 (GLOBE NEWSWIRE) -- Aterian, Inc. (NASDAQ:ATER) ("Aterian") announced today that it plans to report its first quarter 2024 financial results after the market close on Tuesday, May 7, 2024, and plans to host a conference call for investors and interested parties at 5:00 p.m. ET that evening. The conference call will be accessible by telephone and the internet. To access the call, participants from within the U.S. should dial (800) 715-9871 and participants from outside the U.S. should dial (646) 307-1963 and ask to be joined into the Aterian, Inc. call or use conference ID 2677840. Participants may also access the call through a live webcast at https://ir.aterian
First Quarter Net Revenue Range Improved to $20.0 Million to $21.0 Million First Quarter Adjusted EBITDA Loss Range Improved to ($2.4) Million to ($2.9) Million NEW YORK, April 22, 2024 (GLOBE NEWSWIRE) -- Aterian, Inc. (NASDAQ:ATER) ("Aterian" or the "Company") today announced updates to its previously announced net revenue and Adjusted EBITDA ranges for the first quarter of 2024 ended March 31, 2024. The net revenue and Adjusted EBITDA information is based on preliminary data, which has not been subjected to normal quarter end closing and review procedures. The Company expects to report its finalized first quarter 2024 results in early May 2024. The Company expects its first quarter
NEW YORK, April 09, 2024 (GLOBE NEWSWIRE) -- Aterian, Inc. (NASDAQ:ATER) ("Aterian" or the "Company") today announced that it has begun selling select products on the Mercado Libre marketplace in Mexico as part of a partnership with Mercado Libre. Aterian is currently selling products from its home and kitchen category on Mercado Libre's Mexico marketplace and plans to add more products in the near future. Aterian's longer term vision entails expanding its product portfolio and presence across all Mercado Libre marketplaces throughout Latin America. "We are excited for the opportunity to partner with Mercado Libre to deliver value to its customers," said Joseph Risico, Aterian's Co-C
NEW YORK, March 20, 2024 (GLOBE NEWSWIRE) -- Aterian, Inc. (NASDAQ:ATER) ("Aterian" or the "Company") has announced a 1-for-12 reverse stock split of its common stock, effective with the market opening on Friday, March 22, 2024. This move is aimed at meeting Nasdaq's continued listing standards, specifically to increase the per share price above the minimum $1.00 threshold required by Nasdaq. The reverse split was authorized by the Company's shareholders on August 11, 2023, granting the Company's Board of Directors (the "Board") the power to determine the timing and ratio of the split. The Board has now decided on the 1-for-12 ratio and will amend the Company's Amended and Restated Certi
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SC 13G/A - Aterian, Inc. (0001757715) (Subject)
SC 13G - Aterian, Inc. (0001757715) (Subject)
Third Quarter Net Loss Improved by 71.7% Year Over Year Achieved Adjusted EBITDA Profit for the Second Consecutive Quarter, Marking a $4.9 Million Improvement Year-Over-Year SUMMIT, N.J., Nov. 11, 2024 (GLOBE NEWSWIRE) -- Aterian, Inc. (NASDAQ:ATER) ("Aterian" or the "Company") today announced results for the third quarter ended September 30, 2024. Third Quarter Highlights Third quarter 2024 net revenue declined 34.0% to $26.2 million, compared to $39.7 million in the third quarter of 2023, primarily reflecting a reduced product portfolio as a result of our previously announced SKU rationalization efforts.Third quarter 2024 gross margin improved to 60.3%, compared to 49.4% in the th
SUMMIT, N.J., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Aterian, Inc. (NASDAQ:ATER) ("Aterian") announced today that it plans to report its third quarter 2024 financial results after the market close on Monday, November 11, 2024, and plans to host a conference call for investors and interested parties at 5:00 p.m. ET that evening. The conference call will be accessible by telephone and the internet. To access the call, participants from within the U.S. should dial (888) 596-4144 and participants from outside the U.S. should dial (646) 968-2525 and ask to be joined into the Aterian, Inc. call or use conference ID 4711775. Participants may also access the call through a live webcast at https://ir.a
Second Quarter Net Loss Improved by 89.6% Year Over Year Company Achieved Adjusted EBITDA Profitability SUMMIT, N.J., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Aterian, Inc. (NASDAQ:ATER) ("Aterian" or the "Company") today announced results for the second quarter ended June 30, 2024. Second Quarter Highlights Second quarter 2024 net revenue declined 20.6% to $28.0 million, compared to $35.3 million in the second quarter of 2023, primarily reflecting the impact of our SKU rationalization efforts.Second quarter 2024 gross margin improved to 60.4%, compared to 42.2% in the second quarter of 2023, primarily reflecting the positive impact of our SKU rationalization efforts and less liqu
SUMMIT, N.J., July 29, 2024 (GLOBE NEWSWIRE) -- Aterian, Inc. (NASDAQ:ATER) ("Aterian") announced today that it plans to report its second quarter 2024 financial results after the market close on Thursday, August 8, 2024, and plans to host a conference call for investors and interested parties at 5:00 p.m. ET that evening. The conference call will be accessible by telephone and the internet. To access the call, participants from within the U.S. should dial (800) 715-9871 and participants from outside the U.S. should dial (646) 307-1963 and ask to be joined into the Aterian, Inc. call or use conference ID 2310458. Participants may also access the call through a live webcast at https://ir.a
Arturo Rodriguez Appointed CEO Josh Feldman Appointed CFO Second Quarter 2024 Net Revenue Range Improved to Between $23 Million to $26 Million Second Quarter 2024 Adjusted EBITDA Range Improved to Between a Loss of ($1.0) Million to $0.0 Million NEW YORK, June 26, 2024 (GLOBE NEWSWIRE) -- Aterian, Inc. (NASDAQ:ATER) ("Aterian" or the "Company") today announced the appointment of Arturo (Arty) Rodriguez as Chief Executive Officer (previously the Company's Co-CEO and CFO) and Josh Feldman as Chief Financial Officer (previously the Company's SVP of Finance) and that Joe Risico has resigned as Co-CEO and from the Board of Directors and will consult the Company over a three month transiti
First Quarter Net Loss Improved by 80.0% Year Over Year and Adjusted EBITDA Loss Improved by 38.4% Affirms Second Half 2024 Adjusted EBITDA Profitability Target NEW YORK, May 07, 2024 (GLOBE NEWSWIRE) -- Aterian, Inc. (NASDAQ:ATER) ("Aterian" or the "Company") today announced results for the first quarter ended March 31, 2024. First Quarter Highlights First quarter 2024 net revenue declined 42.0% to $20.2 million, compared to $34.9 million in the first quarter of 2023.First quarter 2024 gross margin improved to 65.1%, compared to 54.8% in the first quarter of 2023, primarily reflecting the positive impact of our SKU rationalization efforts and less liquidation of high cost inventory
NEW YORK, April 25, 2024 (GLOBE NEWSWIRE) -- Aterian, Inc. (NASDAQ:ATER) ("Aterian") announced today that it plans to report its first quarter 2024 financial results after the market close on Tuesday, May 7, 2024, and plans to host a conference call for investors and interested parties at 5:00 p.m. ET that evening. The conference call will be accessible by telephone and the internet. To access the call, participants from within the U.S. should dial (800) 715-9871 and participants from outside the U.S. should dial (646) 307-1963 and ask to be joined into the Aterian, Inc. call or use conference ID 2677840. Participants may also access the call through a live webcast at https://ir.aterian
First Quarter Net Revenue Range Improved to $20.0 Million to $21.0 Million First Quarter Adjusted EBITDA Loss Range Improved to ($2.4) Million to ($2.9) Million NEW YORK, April 22, 2024 (GLOBE NEWSWIRE) -- Aterian, Inc. (NASDAQ:ATER) ("Aterian" or the "Company") today announced updates to its previously announced net revenue and Adjusted EBITDA ranges for the first quarter of 2024 ended March 31, 2024. The net revenue and Adjusted EBITDA information is based on preliminary data, which has not been subjected to normal quarter end closing and review procedures. The Company expects to report its finalized first quarter 2024 results in early May 2024. The Company expects its first quarter
NEW YORK, April 09, 2024 (GLOBE NEWSWIRE) -- Aterian, Inc. (NASDAQ:ATER) ("Aterian" or the "Company") today announced that it has begun selling select products on the Mercado Libre marketplace in Mexico as part of a partnership with Mercado Libre. Aterian is currently selling products from its home and kitchen category on Mercado Libre's Mexico marketplace and plans to add more products in the near future. Aterian's longer term vision entails expanding its product portfolio and presence across all Mercado Libre marketplaces throughout Latin America. "We are excited for the opportunity to partner with Mercado Libre to deliver value to its customers," said Joseph Risico, Aterian's Co-C
NEW YORK, March 20, 2024 (GLOBE NEWSWIRE) -- Aterian, Inc. (NASDAQ:ATER) ("Aterian" or the "Company") has announced a 1-for-12 reverse stock split of its common stock, effective with the market opening on Friday, March 22, 2024. This move is aimed at meeting Nasdaq's continued listing standards, specifically to increase the per share price above the minimum $1.00 threshold required by Nasdaq. The reverse split was authorized by the Company's shareholders on August 11, 2023, granting the Company's Board of Directors (the "Board") the power to determine the timing and ratio of the split. The Board has now decided on the 1-for-12 ratio and will amend the Company's Amended and Restated Certi
– Loreen Spencer and Susan Lattmann Join Board – – Robin Hensley Retires after 23 Years of Service – ST. PETERSBURG, FLA., Feb. 13, 2024 (GLOBE NEWSWIRE) -- Superior Group of Companies, Inc. (NASDAQ:SGC), today announced the appointment of Loreen Spencer and Susan Lattmann to its Board of Directors, effective February 12, 2024. Spencer brings to SGC a wealth of audit, accounting, financial and governance expertise. Spencer is a Certified Public Accountant, and from 1987 until her retirement in 2016, was an Audit Partner for Deloitte & Touche LLP. Since 2017 she has served on the Board of Directors and the Audit & Risk Committee of Raymond James Bank, a banking subsidiary of Raymond J
Joe Risico and Arturo Rodriguez Appointed Co–CEOs William Kurtz Appointed Chair of the Board Second Quarter Revenue Range Between $34.8 Million to $35.4 Million Second Quarter Adjusted EBITDA Loss Range Between $8.0 Million to $9.0 Million NEW YORK, July 27, 2023 (GLOBE NEWSWIRE) -- Aterian, Inc. (NASDAQ:ATER) ("Aterian" or the "Company") today announced the appointment of Joe Risico and Arturo (Arty) Rodriguez as Co-Chief Executive Officers effective July 26, 2023. They have also joined the Company's Board of Directors (the "Board") effective that same date. As part of these changes, Mr. William (Bill) Kurtz, the Company's current lead independent director and a Board memb
NEW YORK, April 18, 2022 (GLOBE NEWSWIRE) -- Aterian, Inc. (NASDAQ:ATER) ("Aterian" or the "Company") announced today the appointment of Anton von Rueden as Chief Operating Officer, effective April 18, 2022. Mr. von Rueden will oversee the Company's global supply chain operations and will be based in the United States. The Company also announced that Pramod K C, who was previously serving as the Company's Chief Operating Officer, will become the COO and General Manager of Aterian's Asia operations and will report to Mr. von Rueden. Yaniv Sarig, Co-Founder and Chief Executive Officer of Aterian, stated, "We are excited to have Anton joining us at Aterian. He is a seasoned builder of e-com
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Craig Hallum initiated coverage of Aterian with a rating of Buy and set a new price target of $3.00
BTIG reiterated coverage of Aterian with a rating of Buy and set a new price target of $5.00 from $9.00 previously
Roth Capital reiterated coverage of Aterian with a rating of Neutral and set a new price target of $12.00 from $5.50 previously
ROTH Capital downgraded Aterian from Buy to Neutral and set a new price target of $5.50
Roth Capital reiterated coverage of Aterian with a rating of Buy and set a new price target of $25.00 from $26.00 previously
BTIG reiterated coverage of Aterian with a rating of Buy and set a new price target of $36.00 from $45.00 previously
The Company today also announced an update to its previously stated Adjusted EBITDA loss to be in the range of ($1.0) million to $0.0 million, an improvement to the previously announced Adjusted EBITDA loss range of ($2.0) million and ($1.0) million.
Joe Risico has resigned as Co-CEO and from the Board of Directors and will consult the Company over a three month transition period.
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Alliance Global Partners analyst Brian Kinstlinger upgrades Aterian (NASDAQ:ATER) from Neutral to Buy.
For the second quarter 2024, taking into account the current global environment and inflation, we believe that net revenue will be between $20.0 million and $23.0 million and that adjusted EBITDA loss will be between ($1.0) million to ($2.0) million.
Aterian (NASDAQ:ATER) reported quarterly losses of $(0.76) per share which beat the analyst consensus estimate of $(1.12) by 32.14 percent. This is a 81.14 percent increase over losses of $(4.03) per share from the same period last year. The company reported quarterly sales of $20.214 million which beat the analyst consensus estimate of $19.445 million by 3.96 percent. This is a 42.05 percent decrease over sales of $34.879 million the same period last year.
Aterian, Inc. (NASDAQ:ATER) ("Aterian" or the "Company") today announced updates to its previously announced net revenue and Adjusted EBITDA ranges for the first quarter of 2024 ended March 31, 2024. The net revenue and Adjusted EBITDA information is based on preliminary data, which has not been subjected to normal quarter end closing and review procedures. The Company expects to report its finalized first quarter 2024 results in early May 2024.The Company expects its first quarter net revenue to be in the range of $20.0 million to $21.0 million and Adjusted EBITDA loss to be in the range of ($2.4) million to ($2.9) million. These ranges are an improvement compared to the previously announce