NEW YORK, Oct. 04, 2022 (GLOBE NEWSWIRE) — Aterian, Inc. (Nasdaq: ATER) (“Aterian” or the “Company”) as we speak introduced the closing of the beforehand introduced acquisition of the belongings of a model within the well being and wellness class. The Company believes that the acquisition will likely be accretive; increasing and securing market share in an present portfolio model’s class. The particular phrases of the acquisition weren’t disclosed.
Yaniv Sarig, Co-Founder and Chief Executive Officer, commented, “We are excited to resume our M&A strategy notwithstanding the challenging environment. This small acquisition builds on and strengthens our market share in a specific product category.” Mr Sarig continued, “We believe that our patient approach to our M&A strategy over the last year is paying off as we are starting to see acquisition costs normalize. Given this trend, the recent strengthening of our balance sheet and the decline of container shipping costs, we continue to believe that we are well positioned to drive growth and margin expansion into 2023.”
About Aterian, Inc.
Aterian, Inc. (Nasdaq: ATER) is a number one technology-enabled shopper product platform that builds, acquires, and companions with best-in-class e-commerce manufacturers by harnessing proprietary software program and an agile provide chain to create prime promoting shopper merchandise. The Company’s cloud-based platform, Artificial Intelligence Marketplace Ecommerce Engine (AIMEE™), leverages machine studying, pure language processing and knowledge analytics to streamline the administration of merchandise at scale the world over’s largest on-line marketplaces with a deal with Amazon, Shopify and Walmart. Aterian has hundreds of SKUs throughout its many owned and operated manufacturers and sells merchandise in a number of classes, together with house and kitchen home equipment, well being and wellness, magnificence and shopper electronics.
All statements aside from statements of historic details included on this press launch that tackle actions, occasions or developments that we anticipate, imagine or anticipate will or might happen sooner or later are forward-looking statements together with, particularly, the statements relating to our M&A method, together with the normalization of acquisition prices, delivery container prices, the macroeconomic uncertainty, development and margin enlargement into 2023, and the anticipated use of the proceeds from the registered direct providing. These forward-looking statements are based mostly on administration’s present expectations and beliefs and are topic to a quantity of dangers and uncertainties and different components, all of that are tough to foretell and many of that are past our management and might trigger precise outcomes to vary materially and adversely from these described within the forward-looking statements. These dangers embrace, however aren’t restricted to, these associated to dangers in finishing proposed M&A transactions and realizing the anticipated advantages of such transactions; the worldwide delivery disruptions, our capability to proceed as a going concern, our capability to satisfy monetary covenants with our lenders, our capability to create working leverage and effectivity when integrating firms that we purchase or have acquired, together with by way of the use of our workforce’s experience, the economies of scale of our provide chain and automation pushed by our platform; these associated to our capability to develop internationally and by way of the launch of merchandise underneath our manufacturers and the acquisition of further manufacturers; these associated to the affect of COVID-19 and the battle within the Ukraine, together with its affect on shopper demand, our money flows, monetary situation and income development fee; our provide chain together with sourcing, manufacturing, warehousing and success; our capability to handle bills, working capital and capital expenditures effectively; our business mannequin and our expertise platform; the affect of intangible belongings, equivalent to goodwill, and different impairments; disruptions to the Company’s data expertise programs, together with however not restricted to potential or precise safety breaches of programs defending shopper and worker data or different sorts of cybercrimes or cybersecurity assaults; our capability to disrupt the patron merchandise business; our capability to take care of and develop market share in present and new product classes; our capability to generate profitability and stockholder worth; worldwide tariffs and commerce measures; stock administration, product legal responsibility claims, recollects or different security and regulatory issues; reliance on third get together on-line marketplaces; seasonal and quarterly variations in our income and bills; acquisitions of different firms and applied sciences and our capability to efficiently combine such firms and applied sciences with our business, our capability to proceed to entry debt and fairness capital (together with on phrases advantageous to the Company) and the extent of our leverage and different components mentioned within the “Risk Factors” part of our most up-to-date periodic reviews filed with the Securities and Exchange Commission (“SEC”), all of which you will acquire totally free on the SEC’s web site at www.sec.gov.
Although we imagine that the expectations mirrored in our forward-looking statements are affordable, we have no idea whether or not our expectations will show right. You are cautioned to not place undue reliance on these forward-looking statements, which communicate solely as of the date hereof, even when subsequently made out there by us on our web site or in any other case. We don’t undertake any obligation to replace, amend or make clear these forward-looking statements, whether or not because of this of new data, future occasions or in any other case, besides as could also be required underneath relevant securities legal guidelines
Vice President of Investor Relations & Corp. Development