Aterian (NASDAQ:ATER) Announces Quarterly Earnings Results, Beats Estimates By $0.30 EPS

Aterian (NASDAQ:ATER) posted its quarterly 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. Aterian had a negative return on equity of 54.88% and a negative net margin of 17.05%. The business had revenue of $26.24 million for the quarter. Aterian updated its Q4 2024 guidance to EPS.

Aterian Trading Down 2.1 %

ATER traded down $0.06 during trading on Wednesday, hitting $2.82. The company had a trading volume of 76,627 shares, compared to its average volume of 94,234. The firm’s 50-day moving average price is $2.99 and its 200 day moving average price is $2.81. Aterian has a one year low of $1.90 and a one year high of $6.54.

Insider Transactions at Aterian

In other Aterian news, Director William Kurtz sold 8,547 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $3.01, for a total value of $25,726.47. Following the transaction, the director now directly owns 47,216 shares in the company, valued at $142,120.16. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director William Kurtz sold 8,547 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $3.01, for a total transaction of $25,726.47. Following the completion of the sale, the director now directly owns 47,216 shares in the company, valued at approximately $142,120.16. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Arturo Rodriguez sold 10,325 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were 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 of the company’s stock, valued at $1,631,975.16. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 49,015 shares of company stock valued at $150,562 over the last three months. Company insiders own 10.70% of the company’s stock.

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.