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Aterian (ATER)

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
Aterian Group, Inc. • Xtava LLC • Sunlabz LLC • RIF6 LLC • Vremi LLC • hOmelabs LLC • Vidazen LLC • Urban Source LLC • ZephyrBeauty LLC • Discocart LLC ...
IRS number
831739858

ATER stock data

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

8 Aug 22
1 Oct 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 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
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 37.06M 37.06M 37.06M 37.06M 37.06M 37.06M
Cash burn (monthly) 3.16M 2.24M 5.49M 14.66M 2.98M 2.6M
Cash used (since last report) 9.67M 6.85M 16.79M 44.82M 9.11M 7.96M
Cash remaining 27.39M 30.21M 20.27M -7.76M 27.94M 29.1M
Runway (months of cash) 8.7 13.5 3.7 -0.5 9.4 11.2

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Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
13 Sep 22 Chaouat-Fix Mihal Common Stock Sell Dispose S No No 2.37 3,784 8.97K 423,544
13 Sep 22 Sarig Yaniv Zion Common Stock Sell Dispose S No No 2.37 10,948 25.95K 646,912
13 Sep 22 Zahut Roi Zion Common Stock Sell Dispose S No No 2.37 4,205 9.97K 466,257
13 Sep 22 Arturo Rodriguez Common Stock Sell Dispose S No No 2.37 4,205 9.97K 439,563
13 Sep 22 Risico Joseph A Common Stock Sell Dispose S No No 2.37 4,205 9.97K 436,026
7.2% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 1 2 -50.0%
Opened positions 0 0
Closed positions 1 1
Increased positions 0 0
Reduced positions 0 0
13F shares Current Prev Q Change
Total value 85.58M 85.89M -0.4%
Total shares 4.97M 4.97M -0.0%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
9830 Macarthur 4.97M $85.58M 0.0%
Largest transactions Shares Bought/sold Change
Columbia Asset Management 0 -1.77K EXIT
9830 Macarthur 4.97M 0 0.0%

Financial report summary

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Competition
Newell BrandsMedigus
Risks
  • Our growth strategy is capital dependent and due to the impact of the COVID-19 pandemic and related global supply chain disruption, our management has expressed substantial doubt about our ability to continue as a going concern.
  • We have significant operational exposure relating to the COVID-19 pandemic and related supply chain issues and the impact from this could have a material adverse impact on our business, financial condition, operating results and prospects.
  • We may not be able to sustain our historic revenue growth rate.
  • If we are unable to manage our inventory effectively, our operating results and financial condition could be adversely affected.
  • The impact of the Russian invasion of Ukraine on the global economy, energy supplies and raw materials is uncertain, but may prove to negatively impact our business and operations.
  • We are dependent on third-party manufacturers, most of which are located in China.
  • Risks Relating to Intellectual Property and Cyber Security
  • Our failure or the failure of third parties to protect our sites, networks and systems against security breaches, or otherwise to protect our confidential information, could damage our reputation and brand and substantially harm our business and operating results.
  • Risks Relating to Litigation and Government Regulation
  • We may be subject to general litigation, regulatory disputes and government inquiries. Any 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.
  • If further tariffs or other restrictions are placed on imports from China or any negative trade measures are taken by China, our business, financial condition and results of operations could be materially and adversely affected.
  • Risks Relating to the Ownership of our Common Stock
  • Our share price has been very volatile. Market volatility may affect the value of an investment in our common stock and could subject us to litigation.
  • Future sales of our common stock in the public markets by our insiders, or the perception that these sales may occur, may cause the market price of our common stock to decline.
  • Future sales and issuances of our capital stock, or the perception that such sales may occur, could cause our stock price to decline.
  • Accounting adjustments due to changes in circumstances or estimates may require us to write down intangible assets, such as goodwill and may have a material impact on our financial reporting and results of operations.
Management Discussion
  • Net revenue decreased $9.9 million, or 14.5%, during the three months ended June 30, 2022 to $58.3 million, compared to $68.2 million for the three months ended June 30, 2021. The decrease in net revenue was primarily attributable to a decrease in direct net revenue of $10.1 million, or a 14.8% decrease. Direct net revenue consists of both organic net revenue and net revenue from our mergers and acquisitions (“M&A”). For the three months ended June 30, 2022, organic revenue was $56.0 million and revenue from our M&A businesses was $1.9 million. For the three months ended June 30, 2021, organic revenue was $29.1 million and revenue from our M&A businesses was $33.2 million. Our organic revenue increased by $26.9 million, or 92.3%, during the three months June 30, 2022, as compared to the three months ended June 30, 2021, as M&A net revenue has moved into organic net revenue after one year from purchase. 

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