Aterian (NASDAQ:ATER) Posts Quarterly Earnings Results, Beats Expectations By $0.30 EPS

Aterian (NASDAQ:ATER) released its earnings results on Monday. The company reported ($0.25) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.55) by $0.30, Zacks reports. The firm had revenue of $26.24 million during the quarter. Aterian had a negative net margin of 17.05% and a negative return on equity of 54.88%. Aterian updated its Q4 2024 guidance to EPS.

Aterian Price Performance

Shares of NASDAQ ATER opened at $2.82 on Thursday. The company has a market cap of $24.22 million, a P/E ratio of -1.03 and a beta of 2.06. The firm has a 50-day simple moving average of $2.98 and a two-hundred day simple moving average of $2.81. Aterian has a 1 year low of $1.90 and a 1 year high of $6.54.

Insider Activity

In related news, CEO Arturo Rodriguez sold 10,325 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $3.07, for a total transaction of $31,697.75. Following the completion of the transaction, the chief executive officer now owns 531,588 shares in the company, valued at $1,631,975.16. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CTO Roi Zion Zahut sold 14,050 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $3.06, for a total transaction of $42,993.00. Following the transaction, the chief technology officer now owns 201,494 shares in the company, valued at approximately $616,571.64. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Arturo Rodriguez sold 10,325 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $3.07, for a total transaction of $31,697.75. Following the completion of the sale, the chief executive officer now directly owns 531,588 shares of the company’s stock, valued at approximately $1,631,975.16. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 48,562 shares of company stock valued at $149,135. 10.70% of the stock is currently owned by insiders.

Aterian Company Profile

Aterian, Inc, together with its subsidiaries, operates as a technology-enabled consumer products company in North America and internationally. Its platform offers home and kitchen appliances; kitchenware; cooling and air quality appliances, such as dehumidifiers; health and beauty products; and essential oils under the Squatty Potty, hOmeLabs, Mueller, Pursteam, Healing Solutions, and Photo Paper Direct brand names.