Aterian, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024
May 08, 2024 at 01:56 am IST
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Aterian, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 20.21 million compared to USD 34.88 million a year ago. Net loss was USD 5.16 million compared to USD 25.8 million a year ago.
Basic loss per share from continuing operations was USD 0.76 compared to USD 4.03 a year ago. Diluted loss per share from continuing operations was USD 0.76 compared to USD 4.03 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.