Business
Aterian Reports Fourth Quarter & Full Year 2024 Results
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 grow
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":"Introduces Annual Guidance for 2025Announces $3 Million Share Repurchase Program ","length":81,"tagName":"p"},{"type":"text","content":"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.","length":251,"tagName":"p"},{"type":"text","content":"“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.","length":255,"tagName":"p"},{"type":"text","content":"“Our decision to rationalize SKUs and focus on the Company’s six foundational brands generated material improvements in gross margin and contribution margin, and narrowed our losses significantly compared to 2023,” continued Mr. Rodriguez. “We improved our cash flow and working capital profile, reduced debt by more than $4.0 million, and right sized our inventory to focus on Aterian’s most profitable products. These initiatives created a momentum that we believe will carry into 2025. Despite tariffs, we are confident that in 2025, especially with our experienced and tenacious team, we will be able to generate higher revenues, achieve greater operating efficiency, and further improve our profit profile. Our growth will be driven by new product introductions beginning in the second quarter of 2025 and access to a broader base of consumers through our sales channel initiatives.”","length":888,"tagName":"p"},{"type":"text","content":"Fourth Quarter 2024 HighlightsAll comparisons are to the fourth quarter ended December 31, 2023","length":96,"tagName":"p"},{"type":"list","items":[{"val":[...