Business
Aterian Reports 2025 First Quarter Financial Results
Updates Progress of Tariff Mitigation Strategy and Announces Cost Optimization Plan Designed to Reduce Annual Spending by $5 - $6 MillionSUMMIT, N.J., May 14, 2025 (GLOBE NEWSWIRE) -- Aterian, Inc. (Nasdaq: ATER) (“Aterian” or the “Company”), a consumer products company, today announced financial results for the first quarter ended March 31, 2025 (“Q1 2025”). The Company also provided an update on a series of initiatives that are underway to mitigate the impact of tariffs on the Company’s perfor
About this update from Aterian, Inc.
[{"type":"image","alt":"Aterian, Inc","displaySize":"","headline":null,"caption":"Aterian, Inc","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":103,"url":"https://media.zenfs.com/en/globenewswire.com/9e50463b8fef0c990838b3a8964c4cc0"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/UaaVfn0fvPkJgYKr2gZFiQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE0NDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/9e50463b8fef0c990838b3a8964c4cc0","width":300,"height":103}},"lazy":false},{"type":"text","content":"Updates Progress of Tariff Mitigation Strategy and Announces Cost Optimization Plan Designed to Reduce Annual Spending by $5 - $6 Million","length":137,"tagName":"p"},{"type":"text","content":"SUMMIT, N.J., May 14, 2025 (GLOBE NEWSWIRE) -- Aterian, Inc. (Nasdaq: ATER) (“Aterian” or the “Company”), a consumer products company, today announced financial results for the first quarter ended March 31, 2025 (“Q1 2025”). The Company also provided an update on a series of initiatives that are underway to mitigate the impact of tariffs on the Company’s performance, including the commencement of a cost optimization plan designed to produce annual savings of approximately $5 - $6 million.","length":493,"tagName":"p"},{"type":"text","content":"“While tariffs did not have a direct impact on our first quarter results, the uncertainty in the broader macroeconomic environment led to some softness in consumer demand,” said Arturo Rodriguez, Chief Executive Officer. “That said, sales seasonality remained consistent with prior years, and we continued to see solid performance across our core products.”","length":357,"tagName":"p"},{"type":"text","content":"First Quarter 2025 HighlightsAll comparisons are to the first quarter ended March 31, 2024 (“Q1 2024”)","length":103,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net revenue was $15.4 million compared to $20.2 million, primarily reflecting the previously announced SKU rationalization designed to focus on the Company’s most profitable products and changes to Amazon’s affiliate market program leading to reduced traffic and conversions for certain products.","length":296,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross margin was 61.4% compared to 65.1%, reflecting a change in product mix.","length":77,"tagName":"p"}]},{"val":[{"type":"text","content":"Contr...