Aterian, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
March 12, 2024 at 04:36 pm EDT
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Aterian, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 32.75 million compared to USD 54.9 million a year ago. Net loss was USD 7.71 million compared to USD 20.3 million a year ago. Basic loss per share from continuing operations was USD 1.2 compared to USD 3.24 a year ago.
For the full year, sales was USD 142.57 million compared to USD 221.17 million a year ago. Net loss was USD 74.56 million compared to USD 196.29 million a year ago. Basic loss per share from continuing operations was USD 11.4 compared to USD 35.4 a year ago.
Aterian, Inc. is a technology-enabled consumer products company. The Company builds and acquires e-commerce brands. The Companyâs primary brands include Squatty Potty; hOmeLabs; Mueller; Pursteam; Healing Solutions; and Photo Paper Direct. The Company sells a wide range of products across multiple categories, including home and kitchen appliances, kitchenware, cooling, and air quality appliances such as dehumidifiers, health and beauty products, essential oils and more. These products are sold under the Companyâs owned brands, which were either incubated or acquired. Its customers are mainly individual online consumers who purchase its products primarily on Amazon United States, and to a lesser extent on its owned and operated websites and other marketplaces, such as Walmart. The Company's subsidiaries include Aterian Group, Inc., Xtava LLC, Sunlabz LLC, RIF6 LLC, SweetHomeDealz LLC, Products for Change, LLC, Commerce Planet, LLC, Chromatic Jammer, LLC, Rencare, LLC, among others.
ATERIAN, INC. 
