/
See the sections contained within this Annual Report entitled Management s Discussion and Analysis of Financial Condition and Results of Operations and Risk Factors for further information. About Aterian Aterian, Inc. (the "Company") is a consumer products company that predominantly operates through online retail channels such as Amazon, Walmart, and Target and its own direct to consumer websites.
The business is unprofitable at the operating level (-26.00% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 30.2% YoY. Margins deteriorated 14.1pp alongside, both lines moving the wrong way.
Free cash flow declined 616% versus the prior year, cash generation momentum has weakened. ROIC dropped from -27.65% to -61.65%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$69M
▼ -30.2% YoY
Net Income (TTM)
-$21M
▼ -60.0% YoY
Op. Margin
-25.88%
▼ -14.1pp YoY
ROIC
-77.08%
▼ -34.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$7M
▼ -615.6% YoY
Op. Cash Flow (TTM)
-$7M
▼ -603.2% YoY
Net Debt
-$2M
Net Cash Position
Cash & Equiv.
$2M
5Y CAGR: -17.9%
Continue Research