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 |
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Introduces Annual Guidance for 2025Announces $3 Million Share Repurchase Program SUMMIT, N.J., March 18, 2025 (GLOBE NEWSWIRE) -- Aterian, Inc. (NASDAQ:ATER) ("Aterian" or the "Company"), a technology-enabled consumer products company, today announced financial results for the fourth quarter and full year ended December 31, 2024. "Aterian's results for 2024 reflect our team's success in executing a strategy to focus, stabilize, and simplify our operations in preparation for a resumption of growth and improved operating performance, " said Arturo Rodriguez, Chief Executive Officer. "Our decision to rationalize SKUs and focus on the Company's six foundational brands gen
SUMMIT, N.J., March 18, 2025 (GLOBE NEWSWIRE) -- Aterian, Inc. (NASDAQ:ATER) ("Aterian" or the "Company"), a technology-enabled consumer products company, announced today that its Board of Directors has authorized a share repurchase program of up to $3.0 million of the Company's common stock for a period of two years ending March 18, 2027. "The Board's decision reflects our collective confidence in the Company's future, the strength and flexibility of our financial profile, and our commitment to shareholders. We firmly believe that Aterian's stock is significantly undervalued, and this repurchase program underscores our conviction in the long-term value we are creating," said Arturo Rodri
SUMMIT, N.J., March 06, 2025 (GLOBE NEWSWIRE) -- Aterian, Inc. (NASDAQ:ATER) ("Aterian" or the "Company"), a technology-enabled consumer products company, today announced that it will issue its financial results for the fourth quarter and full year ended December 31, 2024 on Tuesday, March 18, 2025 after the close of the stock market. The Company will host a corresponding conference call at 5:00 p.m. ET that day to discuss the results. Investors interested in participating in the live call can dial: (800) 715-9871 (Domestic)(646) 307-1963 (International)Passcode: 3432648 Participants may also access the call through a live webcast at https://ir.aterian.io. The archived online replay wil
SUMMIT, N.J., Feb. 20, 2025 (GLOBE NEWSWIRE) -- Aterian, Inc. (NASDAQ:ATER) ("Aterian" or the "Company"), a technology-enabled consumer products company, today issued the following letter to shareholders from Arturo Rodriguez, Chief Executive Officer, and the Company's Board of Directors. Dear Fellow Shareholders: While this is our first time writing to you directly, you are always at the forefront of our minds. Over the past 18 months, our team has undertaken a comprehensive reassessment of nearly every facet of Aterian's business model as part of our turnaround strategy. This deep evaluation of our brand portfolio, marketing strategies, inventory management, marketplace operations, su
SUMMIT, N.J., Dec. 09, 2024 (GLOBE NEWSWIRE) -- Aterian, Inc. (NASDAQ:ATER) ("Aterian" or the "Company"), a technology-enabled consumer products company, today announced the launch of three new products, now available for purchase on Amazon.com and Walmart.com. These products will also be available on MercadoLibre and Target+ by next week. The product launches include two additions to Aterian's PurSteam brand and one to its Mueller Living brand. PurSteam LaunchesThe newly launched PurSteam products, the Steam Station Max and the ScrubMaster, are groundbreaking products that mark a major milestone for PurSteam, showcasing the brand's commitment to innovation, quality, and meeting the
Expands Squatty Potty Product Offerings On Target+ Continues Omni-Channel Expansion Strategy SUMMIT, N.J., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Aterian, Inc. (NASDAQ:ATER) ("Aterian" or the "Company"), a technology-enabled consumer products company, today announced that it has begun selling products from its popular hOmeLabs, PurSteam, and Mueller Living brands on Target+, the online marketplace of Target Corporation. The Company expanded its product offerings from Squatty Potty on Target+ as well. This strategic expansion provides Aterian with a premium platform to reach millions of new online shoppers and underscores the Company's strategy to grow its omni-channel presence while maintain
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
– 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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Introduces Annual Guidance for 2025Announces $3 Million Share Repurchase Program SUMMIT, N.J., March 18, 2025 (GLOBE NEWSWIRE) -- Aterian, Inc. (NASDAQ:ATER) ("Aterian" or the "Company"), a technology-enabled consumer products company, today announced financial results for the fourth quarter and full year ended December 31, 2024. "Aterian's results for 2024 reflect our team's success in executing a strategy to focus, stabilize, and simplify our operations in preparation for a resumption of growth and improved operating performance, " said Arturo Rodriguez, Chief Executive Officer. "Our decision to rationalize SKUs and focus on the Company's six foundational brands gen
SUMMIT, N.J., March 18, 2025 (GLOBE NEWSWIRE) -- Aterian, Inc. (NASDAQ:ATER) ("Aterian" or the "Company"), a technology-enabled consumer products company, announced today that its Board of Directors has authorized a share repurchase program of up to $3.0 million of the Company's common stock for a period of two years ending March 18, 2027. "The Board's decision reflects our collective confidence in the Company's future, the strength and flexibility of our financial profile, and our commitment to shareholders. We firmly believe that Aterian's stock is significantly undervalued, and this repurchase program underscores our conviction in the long-term value we are creating," said Arturo Rodri
SUMMIT, N.J., March 06, 2025 (GLOBE NEWSWIRE) -- Aterian, Inc. (NASDAQ:ATER) ("Aterian" or the "Company"), a technology-enabled consumer products company, today announced that it will issue its financial results for the fourth quarter and full year ended December 31, 2024 on Tuesday, March 18, 2025 after the close of the stock market. The Company will host a corresponding conference call at 5:00 p.m. ET that day to discuss the results. Investors interested in participating in the live call can dial: (800) 715-9871 (Domestic)(646) 307-1963 (International)Passcode: 3432648 Participants may also access the call through a live webcast at https://ir.aterian.io. The archived online replay wil
SUMMIT, N.J., Feb. 20, 2025 (GLOBE NEWSWIRE) -- Aterian, Inc. (NASDAQ:ATER) ("Aterian" or the "Company"), a technology-enabled consumer products company, today issued the following letter to shareholders from Arturo Rodriguez, Chief Executive Officer, and the Company's Board of Directors. Dear Fellow Shareholders: While this is our first time writing to you directly, you are always at the forefront of our minds. Over the past 18 months, our team has undertaken a comprehensive reassessment of nearly every facet of Aterian's business model as part of our turnaround strategy. This deep evaluation of our brand portfolio, marketing strategies, inventory management, marketplace operations, su
SUMMIT, N.J., Dec. 09, 2024 (GLOBE NEWSWIRE) -- Aterian, Inc. (NASDAQ:ATER) ("Aterian" or the "Company"), a technology-enabled consumer products company, today announced the launch of three new products, now available for purchase on Amazon.com and Walmart.com. These products will also be available on MercadoLibre and Target+ by next week. The product launches include two additions to Aterian's PurSteam brand and one to its Mueller Living brand. PurSteam LaunchesThe newly launched PurSteam products, the Steam Station Max and the ScrubMaster, are groundbreaking products that mark a major milestone for PurSteam, showcasing the brand's commitment to innovation, quality, and meeting the
Expands Squatty Potty Product Offerings On Target+ Continues Omni-Channel Expansion Strategy SUMMIT, N.J., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Aterian, Inc. (NASDAQ:ATER) ("Aterian" or the "Company"), a technology-enabled consumer products company, today announced that it has begun selling products from its popular hOmeLabs, PurSteam, and Mueller Living brands on Target+, the online marketplace of Target Corporation. The Company expanded its product offerings from Squatty Potty on Target+ as well. This strategic expansion provides Aterian with a premium platform to reach millions of new online shoppers and underscores the Company's strategy to grow its omni-channel presence while maintain
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
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