Aterian (NASDAQ: ATER) has released a statement regarding the May 4, 2021, short seller Culper Research issued. Aterian noted that the report contained numerous false and misleading statements about the company and appeared to be an attempt to negatively impact and manipulate Aterian’s share price. Specifically the statement noted issues with information regarding revenue from its Healing Solutions revenue, which excluded revenue from hand sanitizer products; technology and AIMEE(TM) (“AIMEE”), Aterian’s leading technology-enabled software platform; and the company’s business performance, which the statement noted included a CAGR of 79% since 2016 and more than $150 million in revenue since the third quarter of 2020. In addition, the statement discussed ATER’s comprehensive approach to M&A and due diligence, noting that the company stood behind its robust process for our acquisitions, which includes extensive financial, legal and other due diligence. The statement also shared that the company’s mission is to create and acquire best-in-class products and brands globally and that its investment in technology is designed to streamline each of these moving parts. “We caution shareholders from making investment decisions based on this report,” the statement noted. “We are proud of our track record of building and acquiring brands, our successful M&A strategy, our proprietary AIMEE platform and our financial performance. The report contains many mischaracterizations and factual inaccuracies regarding our company.”
To view the full press release, visit https://ibn.fm/lIOYN
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 12 owned and operated brands and sells products in multiple categories, including home and kitchen appliances, health and wellness, beauty and consumer electronics.
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