New Risk • Jul 22
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.39m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$7.4m free cash flow). Share price has been highly volatile over the past 3 months (25% average weekly change). Market cap is less than US$10m (US$9.39m market cap). Board Change • Jul 21
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Chairman Bill Kurtz was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Live News • Jul 06
Aterian Seeks Approval for $18 Million Brand Portfolio Sale and $7 Million Financing Aterian is asking shareholders to vote in favor of an $18 million sale of its marquee brand portfolio and a related $7 million financing at a special meeting scheduled for July 10, 2026. The board has indicated an intended cash return of $0.85 to $1.14 per share if the transactions proceed.
The board frames the proposals as a way to monetize assets and support future growth opportunities, which would represent a possible reshaping of Aterian’s business mix and capital structure if shareholders approve the deal.
Aterian’s stock trades at $1.26, with the share price up 75.7% year to date, which indicates that the market has already been reacting to recent developments and expectations around the company.
The key question for shareholders is whether the proposed asset sale and cash return justify the reduction in Aterian’s brand portfolio and what the remaining business will look like after the transaction. Reported Earnings • May 18
First quarter 2026 earnings released: US$0.39 loss per share (vs US$0.52 loss in 1Q 2025) First quarter 2026 results: US$0.39 loss per share (improved from US$0.52 loss in 1Q 2025). Revenue: US$18.0k (down 100% from 1Q 2025). Net loss: US$3.44m (loss narrowed 12% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has fallen by 47% per year, which means it is significantly lagging earnings. New Risk • May 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 27% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$11m free cash flow). Share price has been highly volatile over the past 3 months (22% average weekly change). Minor Risks Shareholders have been diluted in the past year (27% increase in shares outstanding). Market cap is less than US$100m (US$10.9m market cap). Announcement • Apr 30
Trademark Global, Inc. signed a definitive agreement to acquire Marquee E-Commerce Brand Portfolio from Aterian, Inc. (NasdaqCM:ATER) for $18 million. Trademark Global, Inc. signed a definitive agreement to acquire Marquee E-Commerce Brand Portfolio from Aterian, Inc. (NasdaqCM:ATER) for $18 million on April 28, 2026. A cash consideration of $18 million will be paid by Trademark Global, Inc. Trademark will onboard the majority of Aterian’s employees who are dedicated to supporting these brands. Trademark will also assume certain liabilities. The Asset Purchase Agreement contains certain termination rights in favor of each of the Company and Trademark Global. In addition, the Asset Purchase Agreement provides that, in connection with certain terminations of the Asset Purchase Agreement, depending upon the circumstances surrounding the termination, one party may be required to pay the other party a termination fee of $1.08 million. Additionally, the Asset Purchase Agreement provides that, in connection with certain terminations of the Asset Purchase Agreement, the Aterian may be required to pay Trademark Global's transaction expenses up to a maximum of $0.6 million.
The transaction is subject to approval of merger agreement by target board and approval of offer by target shareholders. The deal has been unanimously approved by the board. The transaction is expected to close in the second quarter of 2026. New Risk • Apr 28
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 21% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$11m free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Market cap is less than US$10m (US$6.23m market cap). Minor Risk Shareholders have been diluted in the past year (28% increase in shares outstanding). New Risk • Mar 25
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 28% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$11m free cash flow). Market cap is less than US$10m (US$5.40m market cap). Minor Risk Shareholders have been diluted in the past year (28% increase in shares outstanding). Reported Earnings • Mar 24
Full year 2025 earnings released: US$2.39 loss per share (vs US$1.68 loss in FY 2024) Full year 2025 results: US$2.39 loss per share (further deteriorated from US$1.68 loss in FY 2024). Revenue: US$69.0m (down 30% from FY 2024). Net loss: US$19.0m (loss widened 60% from FY 2024). Revenue is forecast to grow 7.6% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Consumer Durables industry in the US. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has fallen by 61% per year, which means it is significantly lagging earnings. New Risk • Jan 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$9.9m free cash flow). Market cap is less than US$10m (US$6.40m market cap). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Announcement • Dec 13
Aterian, Inc. Receives Notice of Non-Compliance with Nasdaq Minimum Bid Price Listing Rule On December 9, 2025, Aterian, Inc. (the Company") received a letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (Nasdaq") indicating that, based upon the closing bid price of the Company's common stock, par value $0.0001 per share (Common Stock"), for the last 30 consecutive business days, the Company is not currently in compliance with the requirement to maintain a minimum bid price of $1.00 per share for continued listing on The Nasdaq Capital Market, as set in Nasdaq Listing Rule 5550(a)(2) (the Bid Price Notice"). The Bid Price Notice has no immediate effect on the continued listing status of the Common Stock on The Nasdaq Capital Market, and, therefore, the Company's listing remains fully effective. The Company is provided a compliance period of 180 calendar days from the date of the Bid Price Notice, or until June 8, 2026, to regain compliance with the minimum closing bid requirement, pursuant to Nasdaq Listing Rule 5810(c)(3)(A). If at any time before June 8, 2026, the closing bid price of the Common Stock closes at or above $1.00 per share for a minimum of 10 consecutive business days, subject to Nasdaq's discretion to extend this period pursuant to Nasdaq Listing Rule 5810(c)(3)(H) to 20 consecutive business days, Nasdaq will provide written notification that the Company has achieved compliance with the minimum bid price requirement, and the matter would be resolved. If the Company does not regain compliance during the compliance period ending June 8, 2026, then Nasdaq may grant the Company a second 180 calendar day period to regain compliance, provided the Company meets the continued listing requirement for market value of publicly-held shares and all other initial listing standards for The Nasdaq Capital Market, other than the minimum closing bid price requirement, and notifies Nasdaq of its intent to cure the deficiency during the second compliance period. The Company will continue to monitor the closing bid price of its Common Stock and seek to regain compliance with all applicable Nasdaq requirements within the allotted compliance periods. If the Company does not regain compliance within the allotted compliance periods, including any extensions that may be granted by Nasdaq, Nasdaq will provide notice that the Common Stock will be subject to delisting. The Company would then be entitled to appeal that determination to a Nasdaq hearings panel. There can be no assurance that the Company will regain compliance with the minimum bid price requirement during the 180-day compliance period, secure a second period of 180 days to regain compliance or maintain compliance with the other Nasdaq listing requirements. Reported Earnings • Nov 16
Third quarter 2025 earnings released: US$0.28 loss per share (vs US$0.25 loss in 3Q 2024) Third quarter 2025 results: US$0.28 loss per share (further deteriorated from US$0.25 loss in 3Q 2024). Revenue: US$19.0m (down 28% from 3Q 2024). Net loss: US$2.28m (loss widened 29% from 3Q 2024). Revenue is forecast to grow 1.8% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Consumer Durables industry in the US. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has fallen by 61% per year, which means it is significantly lagging earnings. Announcement • Oct 31
Aterian, Inc. Announces Availability of hOmeLabs Dehumidifiers on HomeDepot.com Aterian, Inc. announced that its hOmeLabs brand line of dehumidifiers is now available on homedepot.com. The Company's portfolio of hOmeLabs dehumidifiers are designed to make everyday living healthier and more efficient. hOmeLabs de Humidifiers blend high performance with sleek, modern design and features that include user-friendly controls, Energy Star ratings, easy portability, and Wi-Fi enabled operations. Customers can say good good good to excess moisture and hello to comfort with hOmeLabs de humidifiers to create a healthier, fresher living space. The Company sells across the world's largest online marketplaces, including Amazon, Walmart, and Target as well as its own direct-to-consumer websites. Aterian's brands include Mueller Living, PurSteam, hOmeLabs, Squatty Potty, Healing Solutions, and Photo Paper Direct. Announcement • Oct 30
Aterian, Inc. to Report Q3, 2025 Results on Nov 13, 2025 Aterian, Inc. announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on Nov 13, 2025 Announcement • Oct 24
Aterian, Inc. Announces Launch of Tallow Skin Care Line Under Healing Solutions®? Brand Aterian, Inc. announced the launch of the Tallow Skin Care line of beef tallow-based scented and unscented balms and salves under its Healing Solutions®? brand. These products are now available for sale in the United States on Amazon.com, Walmart.com and MallowGlow Whipped Balm: Warm, sweet, and comforting with scents of creamy coconut, vanilla, and toasted marshmallow (3.0 oz.) Timeless Whipped Balm: Earthy, rich, warm resin with scents of sandalwood, myrrh, and frankincense (3 oz.) Forest Mist Whipped Balm: Crisp, refreshing, and cooling, with aromas of peppermint, eucalyptus, andcedarwood (3.0 oz.) Unscented Tallow Salve: Soothing, emollient, and ultra-nourishing (1.8 oz.) Wildcraft Tallow Salve: Nourishing salve formula with botanical boost for extra soothing experience (1.8 oz.) For generations, rendered beef tallow has been revered for its skin care benefits. Announcement • Oct 15
Aterian Launches Products on BedBathandBeyond.Com Aterian, Inc. announced the launch of select products from four of its trusted home essential and health brands on bedbathandbeyond.com. Effective October 2, 2025, offerings from hOmeLabs, Squatty Potty, PurSteam, and Mueller Living are available online from one of retail’s most iconic names. Products now available at bedbathandbeyond.com include: hOmeLabs: makes everyday living healthier and more efficient with appliances that blend high performance with sleek, modern design, including dehumidifiers and trash cans.
Squatty Potty: revolutionizes bathroom ergonomics with its patented toilet stools designed to promote a natural “squat” posture for faster, more complete elimination and improved digestive health. PurSteam: delivers powerful, reliable home-care solutions that simplify chores while safeguarding fabrics and surfaces, including steam irons, steam mops and handheld steamers.Mueller Living: produces small kitchen appliances that pair elegant design with robust functionality, including coffee grinders, mandoline slicers, onion choppers, and french press coffee makers. Announcement • Sep 04
Aterian, Inc. Announces U.S. Launch of Squatty Potty Flushable Wipes Aterian, Inc. announced the launch of Squatty Potty Wipes, the Company's entry into the consumable products market. Squatty Potty wipes are now available for sale in the United States on Amazon.com and The wipes launched in the United Kingdom in late August 2025 are also available at Amazon.co.uk. Squatty Pottyw are pH balanced, alcohol free, cruelty free (no animal testing), and safe for sensitive and eczema prone skin. The stylish design matches any bathroom decor, and even offer an On-The-Go travel pouch which fits easily into a purse, gym bag, orove compartment, providing easy and convenient on-the-go hygiene. Squatty Potty diapers are available in bundles of 3- or 6-packs, with pack counts of 18ct and 50ct and an MSRP starting at $9.99. Attributes include: Safe for sensitive skin, including eczema prone skin; pH balanced; Alcohol free; 100% plant-based fibers; 99% water and plant-based formula; Hypoallergenic and dermatologically tested; Cruelty free, not tested on animals; Formulated without harsh chemicals, oils, parabens, and sulfates; Independent lab testing shows these wipes meet INDA GD4 Flushable Product Guidelines; FSC (Forest Sustainability Council) certified; Infused with aloe, chamomile, green tea, and cucumber extract, with a spa fresh scent. Announcement • Aug 16
Aterian, Inc. Provides Earnings Guidance for the Six Months Ending December 31, 2025 Aterian, Inc. provided earnings guidance for the six months ending December 31, 2025. For the period, the company expects net revenue of $36 million to $38 million compares to net revenues of $34.8 million for the six months ended June 30, 2025. Reported Earnings • Aug 14
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: US$0.63 loss per share (further deteriorated from US$0.52 loss in 2Q 2024). Revenue: US$19.5m (down 31% from 2Q 2024). Net loss: US$4.86m (loss widened 34% from 2Q 2024). Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is expected to decline by 4.0% p.a. on average during the next 2 years, while revenues in the Consumer Durables industry in the US are expected to grow by 3.7%. Announcement • Jul 30
Aterian, Inc. to Report Q2, 2025 Results on Aug 13, 2025 Aterian, Inc. announced that they will report Q2, 2025 results After-Market on Aug 13, 2025 Reported Earnings • May 15
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: US$0.52 loss per share (improved from US$0.76 loss in 1Q 2024). Revenue: US$15.4m (down 24% from 1Q 2024). Net loss: US$3.90m (loss narrowed 25% from 1Q 2024). Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) also surpassed analyst estimates by 25%. Revenue is forecast to stay flat during the next 2 years compared to a 4.1% growth forecast for the Consumer Durables industry in the US. Announcement • May 06
Aterian, Inc. to Report Q1, 2025 Results on May 14, 2025 Aterian, Inc. announced that they will report Q1, 2025 results After-Market on May 14, 2025 Major Estimate Revision • Apr 24
Consensus EPS estimates fall by 83% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$102.6m to US$95.2m. Losses expected to increase from US$1.36 per share to US$2.49. Consumer Durables industry in the US expected to see average net income decline 0.6% next year. Consensus price target of US$8.00 unchanged from last update. Share price rose 12% to US$1.90 over the past week. New Risk • Apr 23
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 5.8% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$14m net loss in 2 years). Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (US$12.8m market cap). Major Estimate Revision • Mar 25
Consensus EPS estimates upgraded to US$1.36 loss The consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -US$1.91 to -US$1.36 per share. Revenue forecast steady at US$102.6m. Consumer Durables industry in the US expected to see average net income growth of 5.3% next year. Consensus price target down from US$8.50 to US$6.00. Share price rose 14% to US$2.40 over the past week. Announcement • Mar 20
Aterian, Inc. (NasdaqCM:ATER) announces an Equity Buyback for $3 million worth of its shares. Aterian, Inc. (NasdaqCM:ATER) announces a share repurchase program. Under the program, the company will repurchase up to $3 million worth of its shares. The purpose of the program is to repurchase shares opportunistically when management believes that the company’s stock is trading below the company’s determination of long-term fair value. The repurchased shares will be retired. The program is valid till March 18, 2027. Reported Earnings • Mar 19
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: US$1.68 loss per share (improved from US$11.45 loss in FY 2023). Revenue: US$99.0m (down 31% from FY 2023). Net loss: US$11.9m (loss narrowed 84% from FY 2023). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Revenue is forecast to grow 5.9% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Consumer Durables industry in the US. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 56% per year, which means it is significantly lagging earnings. Announcement • Mar 19
Aterian, Inc. Provides Earning Guidance for the Year 2025 Aterian, Inc. provided earning guidance for the year 2025. For the year, company expected net revenue will be between $104 million and $106 million, an increase of between 5% and 7% from net revenue of $99.0 million 2024. When considering approximately $4 million of net sales in 2024 related to discontinued SKUs, net revenue in 2025 is expected to increase on a pro forma basis by 9% to 12%. Announcement • Mar 06
Aterian, Inc. to Report Q4, 2024 Results on Mar 18, 2025 Aterian, Inc. announced that they will report Q4, 2024 results After-Market on Mar 18, 2025 Announcement • Dec 10
Aterian's Mueller Living & Pursteam Brands Launch Three New Products Aterian, Inc. 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. The newly launched PurSteam products, the Steam Station Max and the ScrubMaster, are products that mark a major milestone for PurSteam, showcasing the brand's commitment to innovation, quality, and meeting the evolving needs of its customers. Steam Station Max: Engineered for both professionals and home users, this steam iron bridges the gap between entry-level and premium solutions. Combining precision, power and affordability it offers advanced features tailored to meet the needs of consumers who value cutting-edge solutions. The Cordless Portable Vacuum Sealer is the latest addition to Mueller Living's lineup of innovative, practical, and affordable kitchen solutions. With the capability to seal up to 60 one-quart bags on a single 3-hour charge, this device offers unparalleled convenience for meal prep and food storage. Its universal compatibility ensures it works seamlessly with all vacuum sealer bags, regardless of brand. Announcement • Nov 26
Aterian, Inc. Launches hOmeLabs, PurSteam, & Mueller Living Brands on Target+ Aterian, Inc. 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 maintaining flexibility and scalability in its operations. Launched in 2019, Target+ is an invitation only marketplace for third party sellers that provides customers with premium, direct to consumer, and national brands. By offering a curated selection of high-demand products across its home, kitchen, and lifestyle categories, Aterian aims to strengthen its ability to meet consumers where they shop. This move complements the Company's existing presence on Amazon.com, Walmart.com, and its direct-to-consumer websites, while also demonstrating its ability to adapt to the evolving e-commerce landscape. Major Estimate Revision • Nov 19
Consensus EPS estimates upgraded to US$1.98 loss The consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -US$2.41 to -US$1.98 per share. Revenue forecast steady at US$98.1m. Consumer Durables industry in the US expected to see average net income growth of 17% next year. Consensus price target of US$8.50 unchanged from last update. Share price fell 19% to US$2.39 over the past week. Reported Earnings • Nov 13
Third quarter 2024 earnings: EPS exceeds analyst expectations Third quarter 2024 results: US$0.25 loss per share (improved from US$0.95 loss in 3Q 2023). Revenue: US$26.2m (down 34% from 3Q 2023). Net loss: US$1.77m (loss narrowed 72% from 3Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 54%. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Consumer Durables industry in the US. Announcement • Nov 12
Aterian, Inc. Provides Earnings Guidance for the Fourth Quarter of 2024 Aterian, Inc. provided earnings guidance for the fourth quarter of 2024. For the fourth quarter of 2024, the company believes that net revenue will be between $22.5 million and $25.5 million. Announcement • Oct 29
Aterian, Inc. to Report Q3, 2024 Results on Nov 11, 2024 Aterian, Inc. announced that they will report Q3, 2024 results After-Market on Nov 11, 2024 Reported Earnings • Aug 09
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: US$0.52 loss per share (improved from US$5.38 loss in 2Q 2023). Revenue: US$28.0m (down 21% from 2Q 2023). Net loss: US$3.63m (loss narrowed 90% from 2Q 2023). Revenue exceeded analyst estimates by 17%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Revenue is expected to decline by 9.8% p.a. on average during the next 2 years, while revenues in the Consumer Durables industry in the US are expected to grow by 5.8%. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 59% per year, which means it is significantly lagging earnings. Announcement • Aug 09
Aterian, Inc. Provides Financial Guidance for the Third Quarter of 2024 Aterian, Inc. provided financial guidance for the third quarter of 2024. For the period, the company believes that net revenue will be between $25.0 million and $27.0 million. Announcement • Jul 29
Aterian, Inc. to Report Q2, 2024 Results on Aug 08, 2024 Aterian, Inc. announced that they will report Q2, 2024 results After-Market on Aug 08, 2024 Board Change • Jul 12
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Director Bari Harlam is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 08
Aterian, Inc., Annual General Meeting, Aug 16, 2024 Aterian, Inc., Annual General Meeting, Aug 16, 2024. Major Estimate Revision • May 14
Consensus estimates of losses per share improve by 25% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from US$89.8m to US$92.9m. EPS estimate increased from -US$3.32 per share to -US$2.49 per share. Consumer Durables industry in the US expected to see average net income growth of 8.8% next year. Consensus price target of US$9.67 unchanged from last update. Share price rose 26% to US$3.09 over the past week. Announcement • May 09
Aterian, Inc. Provides Earnings Guidance for the Second Quarter 2024 Aterian, Inc. provided earnings guidance for the second quarter 2024. For the second quarter 2024, taking into account the current global environment and inflation, the company believes that net revenue will be between $20.0 million and $23.0 million. Reported Earnings • May 08
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: US$0.76 loss per share (improved from US$4.04 loss in 1Q 2023). Revenue: US$20.2m (down 42% from 1Q 2023). Net loss: US$5.16m (loss narrowed 80% from 1Q 2023). Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) also surpassed analyst estimates by 32%. Revenue is expected to decline by 16% p.a. on average during the next 2 years, while revenues in the Consumer Durables industry in the US are expected to grow by 5.5%. Announcement • Apr 28
Aterian, Inc. to Report Q1, 2024 Results on May 07, 2024 Aterian, Inc. announced that they will report Q1, 2024 results After-Market on May 07, 2024 Announcement • Apr 23
Aterian, Inc. Revises Earnings Guidance for the First Quarter Ended March 31, 2024 Aterian, Inc. revised earnings guidance for the first quarter ended March 31, 2024. The net revenue is based on preliminary data, which has not been subjected to normal quarter end closing and review procedures. The Company expects its first quarter net revenue to be in the range of $20.0 million to $21.0 million. These ranges are an improvement compared to the previously announced (on March 12, 2024) net revenue range of $18.0 million to $21.0 million. The company expects to report a net loss for the three months ended March 31, 2024, due primarily to interest expense and stock-based compensation expense. Major Estimate Revision • Mar 19
Consensus revenue estimates decrease by 14%, EPS upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$113.7m to US$98.2m. EPS estimate increased from -US$0.332 to -US$0.29 per share. Consumer Durables industry in the US expected to see average net income growth of 12% next year. Consensus price target of US$0.83 unchanged from last update. Share price fell 24% to US$0.37 over the past week. New Risk • Mar 17
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$24m net loss in 2 years). Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (4.8% increase in shares outstanding). Market cap is less than US$100m (US$28.5m market cap). Announcement • Mar 14
Aterian, Inc. Provides Earnings Guidance for the First Quarter of 2024 Aterian, Inc. provided earnings guidance for the first quarter of 2024. For the quarter, the company expects net revenue to be in the range of $18.0 million to $21.0 million. Reported Earnings • Mar 13
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: US$0.95 loss per share (improved from US$2.95 loss in FY 2022). Revenue: US$142.6m (down 36% from FY 2022). Net loss: US$74.6m (loss narrowed 62% from FY 2022). Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 2.1%. Revenue is expected to decline by 15% p.a. on average during the next 2 years, while revenues in the Consumer Durables industry in the US are expected to grow by 5.1%. Price Target Changed • Feb 22
Price target decreased by 40% to US$0.75 Down from US$1.25, the current price target is an average from 2 analysts. New target price is 83% above last closing price of US$0.41. Stock is down 66% over the past year. The company is forecast to post a net loss per share of US$0.97 next year compared to a net loss per share of US$2.95 last year. New Risk • Nov 19
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$65k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$22m net loss in 2 years). Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (5.6% increase in shares outstanding). Significant insider selling over the past 3 months (US$65k sold). Market cap is less than US$100m (US$28.4m market cap). New Risk • Nov 13
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$22m net loss in 2 years). Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (5.6% increase in shares outstanding). Market cap is less than US$100m (US$25.9m market cap). Announcement • Nov 10
Aterian, Inc. Provides Earnings Guidance for the Fourth Quarter of 2023 Aterian, Inc. provided earnings guidance for the fourth quarter of 2023. For the quarter, the company expects net revenue to be between $28 million and $32 million. Reported Earnings • Nov 10
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: US$0.079 loss per share (improved from US$1.81 loss in 3Q 2022). Revenue: US$39.7m (down 40% from 3Q 2022). Net loss: US$6.27m (loss narrowed 95% from 3Q 2022). Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) also surpassed analyst estimates by 41%. Revenue is expected to decline by 14% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in the US are expected to grow by 3.7%. Announcement • Oct 28
Aterian, Inc. to Report Q3, 2023 Results on Nov 08, 2023 Aterian, Inc. announced that they will report Q3, 2023 results After-Market on Nov 08, 2023 Announcement • Oct 26
Aterian Receives Extension to Regain Compliance with Nasdaq Minimum Bid Price Rule Aterian, Inc. announced that it received written notice (the ‘Notice’) from The Nasdaq Stock Market LLC (‘Nasdaq’) granting the Company a 180-day extension, or until April 22, 2024, to regain compliance with Nasdaq’s $1.00 minimum bid price requirement as set in Nasdaq Listing Rule 5550(a)(2) (the ‘Rule’). This Notice has no immediate effect on the listing or trading of the Company's common stock on Nasdaq which will continue to trade under the symbol, ‘ATER.’ On April 24, 2023, Nasdaq notified the Company that its common stock had failed to comply with the Rule over the previous 30 consecutive business days. The notification letter stated the Company would be afforded 180 calendar days from the date of the notification letter, or until October 23, 2023, to regain compliance with the Rule. The notification letter provided that if the Company did not regain compliance by October 23, 2023, the Company may be eligible for an additional 180 calendar day compliance period after October 23, 2023. On October 13, 2023, the Company submitted to Nasdaq a request for an extension to comply with the Rule. On October 24, 2023, Nasdaq provided the Notice stating it had determined that the Company was eligible under Nasdaq Listing Rule 5810(c)(3)(A) for an additional 180 calendar day period to regain compliance and confirmed the 180 day extension. In order to regain compliance with the Rule, the Company is required to maintain a closing bid price of at least $1.00 or more for a minimum of 10 consecutive business days (or longer, up to 20 consecutive business days, if Nasdaq so determines in its sole discretion based on certain factors) during the 180-day extension, or until April 22, 2024. Major Estimate Revision • Aug 16
Consensus revenue estimates fall by 11% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$155.2m to US$137.4m. Forecast losses increased from -US$0.687 to -US$1.02 per share. Consumer Durables industry in the US expected to see average net income decline 7.3% next year. Consensus price target down from US$1.25 to US$0.75. Share price was steady at US$0.39 over the past week. Announcement • Aug 10
Aterian, Inc. Provides Financial Guidance for the Third Quarter of 2023 Aterian, Inc. provided financial guidance for the third quarter of 2023. For the third quarter, taking into account the current global environment and inflation, the company believe that net revenue will be between $32.5 million and $37.5 million. Reported Earnings • Aug 09
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: US$0.45 loss per share (further deteriorated from US$0.26 loss in 2Q 2022). Revenue: US$35.3m (down 40% from 2Q 2022). Net loss: US$34.8m (loss widened 113% from 2Q 2022). Revenue missed analyst estimates by 8.1%. Earnings per share (EPS) also missed analyst estimates significantly. Revenue is expected to decline by 12% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in the US are expected to grow by 2.9%. Board Change • Aug 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. CFO, Co-CEO & Director Arty Rodriguez was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 29
Aterian, Inc. to Report Q2, 2023 Results on Aug 08, 2023 Aterian, Inc. announced that they will report Q2, 2023 results on Aug 08, 2023 New Risk • Jul 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 15% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (15% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$45m net loss next year). Shareholders have been diluted in the past year (15% increase in shares outstanding). Significant insider selling over the past 3 months (US$152k sold). Market cap is less than US$100m (US$45.1m market cap). Announcement • Jul 15
Aterian, Inc., Annual General Meeting, Aug 11, 2023 Aterian, Inc., Annual General Meeting, Aug 11, 2023, at 10:00 Eastern Daylight. Announcement • May 20
Aterian, Inc., Annual General Meeting, Jul 14, 2023 Aterian, Inc., Annual General Meeting, Jul 14, 2023, at 10:00 US Eastern Standard Time. Agenda: To elect Bari A. Harlam and William Kurtz as Class I directors to serve until company's 2026 Annual Meeting of Stockholders; to ratify the appointment of Deloitte & Touche LLP as company's independent registered public accounting firm for the fiscal year ending December 31, 2023; to conduct any other business properly brought before the Annual Meeting and any adjournment or postponement thereof; and to consider other matters. Major Estimate Revision • May 16
Consensus revenue estimates fall by 18% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$200.9m to US$165.1m. Forecast losses increased from -US$0.437 to -US$0.65 per share. Consumer Durables industry in the US expected to see average net income decline 26% next year. Consensus price target down from US$2.17 to US$1.43. Share price fell 19% to US$0.61 over the past week. 