Targeted Strategies for Today's Evolving Markets

MissionIR Blog

MissionIRNewsBreaks – Aterian Inc. (NASDAQ: ATER) Releases Q1 2021 Financial Results, Business Highlights

Aterian (NASDAQ: ATER), formerly named Mohawk Group Holdings Inc., has released is numbers for the first quarter 2021, the period ending March 31, 2021. Key stats worth noting include quarterly net revenue increasing 88% year over year, totaling $48.1 million, as well as the company raising its 2021 net revenue outlook range to between $360 and $390 million. Other numbers worth noting include gross margin improvement to 54.1% compared to 40.2% in Q1 2020, and contribution margin improving to 12.7% from negative (2.9)% in the Q1 2020. In addition, business milestones for the company included its acquisition of Squatty Potty, a leading health & wellness brand, as well as finalizing the acquisition of Photo Paper Direct Ltd., a leading online seller of printing supplies. Aterian is also eyeing additional potential M&A targets that, in total, have trailing 12 months’ net revenue of $613 million with trailing 12 months’ EBITDA of $91 million, and is discussing with top-tier investment banks options for financing structures to capitalize its accelerated M&A strategy and improve its cost of capital. “Despite the challenges e-commerce faced with strains on the global supply chain throughout the first quarter, Aterian remains well-positioned to capitalize on the continued global acceleration of e-commerce adoption and expanding market opportunities in the long-term,” said Aterian co-founder and CEO Yaniv Sarig in the press release. “Due to extreme shortages of containers and backlogs of ships at the Long Beach Port, we suffered from stockouts on some of our top SKUs aggregating to an estimate of approximately $6 million of missed revenue. However, our sourcing, supply chain and operations team continues to work diligently to resolve these issues, and we are continuing to monitor this global crisis closely.”

To view the full press release, visit

About Aterian, Inc. 

Aterian 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. For more information, visit the company’s website at

NOTE TO INVESTORS: The latest news and updates relating to ATER are available in the company’s newsroom at

About MissionIRNewsBreaks

MissionIRNewsBreaks provide a rapid summary of corporate news that catch the attention of MissionIR. MissionIRNewsBreaks are created by our Team of professional journalists that keep a constant eye on the markets, these posts are designed to inform you on the latest happenings of our clients and other publicly traded companies on our radar. From earnings, acquisitions and agreements to conference attendance and clinical study results, our news breaks keep you up-to-date with the day’s top movers. MissionIR is primarily focused on strategic communications. We have executed countless communications programs to address the needs of companies ranging from start-ups to established industry leaders, gaining valuable experience and the expertise necessary to determine the most effective strategy for any given situation.

MissionIR (MIR)
Atlanta, Georgia
404.941.8975 Office
[email protected]

Please see full terms of use and disclaimers on the Mission Investor Relations website applicable to all content provided by MIR, wherever published or re-published:

This entry was posted in Aterian Inc. ATER, MissionIRNewsBreaks. Bookmark the permalink.

Comments are closed.