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ATER Aterian

Aterian, Inc. is a leading technology-enabled consumer products platform that builds, acquires, and partners with best-in-class e-commerce brands by harnessing proprietary software and an agile supply chain to create top selling consumer products. The Company’s cloud-based platform, Artificial Intelligence Marketplace Ecommerce Engine (AIMEE™), leverages machine learning, natural language processing and data analytics to streamline the management of products at scale across the world’s largest online marketplaces, including Amazon, Shopify and Walmart. Aterian has thousands of SKUs across 14 owned and operated brands and sells products in multiple categories, including home and kitchen appliances, health and wellness, beauty and consumer electronics.

Company profile

Ticker
ATER
Exchange
Website
CEO
Yaniv Zion Sarig
Employees
Incorporated
Location
Fiscal year end
Former names
Mohawk Group Holdings, Inc.
SEC CIK
Subsidiaries
Mohawk Group, Inc. • Xtava LLC • Sunlabz LLC • RIF6 LLC • Vremi LLC • hOmelabs LLC • Vidazen LLC • Urban Source LLC • Zephyr Beauty LLC • Discocart LLC ...
IRS number
831739858

ATER stock data

(
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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

9 Aug 21
18 Sep 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Aterian earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 63.93M 63.93M 63.93M 63.93M 63.93M 63.93M
Cash burn (monthly) (positive/no burn) (positive/no burn) 12.09M 13.66M 8.11M 1.49M
Cash used (since last report) n/a n/a 31.79M 35.94M 21.34M 3.91M
Cash remaining n/a n/a 32.14M 27.99M 42.59M 60.03M
Runway (months of cash) n/a n/a 2.7 2.0 5.2 40.4

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
17 Sep 21 9830 Macarthur Common Stock ($0.0001 par value) Dispose E Yes No 7.71 1,468,700 11.32M 3,246,701
7 Sep 21 9830 Macarthur Common Stock ($0.0001 par value) Sell Dispose S Yes No 7.34 10,000 73.4K 4,715,401
1 Sep 21 9830 Macarthur Common Stock ($0.0001 par value) Sell Dispose S Yes No 7.26 181,000 1.31M 4,725,401
30 Aug 21 9830 Macarthur Common Stock ($0.0001 par value) Sell Dispose S Yes No 7.1537 68,406 489.36K 4,906,401
30 Jun 21 Zahut Roi Zion Common Stock Grant Acquire A No No 0 96,000 0 248,560
30 Jun 21 Zahut Roi Zion Common Stock Grant Acquire A No No 0 1,800 0 152,560
30 Jun 21 Zahut Roi Zion Common Stock Grant Acquire A No No 0 10,089 0 150,760

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

14.2% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 3 77 -96.1%
Opened positions 0 42 EXIT
Closed positions 74 16 +362.5%
Increased positions 1 24 -95.8%
Reduced positions 1 9 -88.9%
13F shares
Current Prev Q Change
Total value 87.35M 337.23M -74.1%
Total shares 5.07M 11.65M -56.5%
Total puts 0 635.5K EXIT
Total calls 0 961.5K EXIT
Total put/call ratio 0.7
Largest owners
Shares Value Change
9830 Macarthur 4.97M $85.58M 0.0%
Hudson Bay Capital Management 97.98K $1.43M -91.1%
Columbia Asset Management 1.77K $340K +15.0%
IFP Advisors 0 $0
Largest transactions
Shares Bought/sold Change
Hudson Bay Capital Management 97.98K -1M -91.1%
Avory & Company 0 -783.18K EXIT
Susquehanna International 0 -407.27K EXIT
Renaissance Technologies 0 -400.56K EXIT
Vanguard 0 -388.94K EXIT
MS Morgan Stanley 0 -358.36K EXIT
FMR 0 -272.11K EXIT
Sphera Funds Management 0 -251.02K EXIT
Anchor Capital Advisors 0 -236.15K EXIT
BLK Blackrock 0 -226.89K EXIT

Financial report summary

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Competition
Newell Brands
Risks
  • Due to the impact of the COVID-19 pandemic and related global shipping crisis, our management has expressed substantial doubt about our ability to continue as a going concern.
  • We have a short operating history in an evolving industry.
  • We have significant operational exposure relating to the COVID-19 pandemic and the impact from this risk could have a material adverse impact on our business, financial condition, operating results and prospects.
  • Our current acquisition strategy may be limited by our ability to raise the funding we need to continue to support our growth strategy.
  • If we are unable to manage our inventory effectively, our operating results and financial condition could be adversely affected.
  • Our business, including our costs and supply chain, is subject to risks associated with sourcing, manufacturing, shipping, importing and warehousing.
  • We may not accurately forecast revenues, profitability and appropriately plan our expenses.
  • We may not be able to sustain our revenue growth rate.
  • We may require additional capital to support business growth, and this capital might not be available or may be available only by diluting existing stockholders.
  • A failure to comply with current laws, rules and regulations or changes to such laws, rules and regulations and other legal uncertainties may adversely affect our business, financial performance, results of operations or business growth.
  • Our share price may be volatile. Market volatility may affect the value of an investment in our common stock and could subject us to litigation.
  • The concentration of our stock ownership will likely limit your ability to influence corporate matters, including the ability to influence the outcome of director elections and other matters requiring stockholder approval.
  • As a result of our failure to timely file certain financial statements relating to the Smash Assets, we are currently ineligible to file new short form registration statements on Form S-3 or to have resale registration statements declared effective in a timely manner, which may impair our ability to raise capital on terms favorable to us, in a timely manner or at all, or in the case of resale registration statements, could result in an event of default under our credit facilities or a breach of existing obligations to shareholders with registration rights.
  • Short sellers of our stock may be manipulative and may drive down the market price of our common stock.
  • If securities or industry analysts either do not publish research about us, discontinue research coverage, or publish inaccurate or unfavorable research about us, our business or our market, or if they change their recommendations regarding our common stock adversely, the trading price or trading volume of our common stock could decline.
Management Discussion
  • Net revenue increased $71.3 million, or 62.3%, to $185.7 million during the year-ended December 31, 2020 compared to $114.5 million for the year-ended December 31, 2019. The increase in net revenue was primarily attributable to increased direct sales volume of $52.8 million, or a 47.5% increase, which increased due to increased pricing, growth in our existing sustain product portfolio, including the impact of products released in the second half of 2019, new product launches in 2020 and new products obtained through acquisitions. We also saw an increase in wholesale revenue of $18.7 million versus the prior year primarily from the sale of PPE in 2020. Finally, we saw a decrease in PaaS revenue of $0.3 million in 2020.
Content analysis
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