MOHAWK GROUP HLD. overview

NEW YORK, April 09, 2024 (GLOBE NEWSWIRE) -- Aterian, Inc. (Nasdaq: ATER) (“Aterian” or the “Company”) today announced that it has begun selling select products on the Mercado Libre marketplace in Mexico as part of a partnership with Mercado Libre. Aterian is currently selling products from its home and kitchen category on Mercado Libre’s Mexico marketplace and plans to add more products in the near future. Aterian's longer term vision entails expanding its product portfolio and...

NEW YORK, March 20, 2024 (GLOBE NEWSWIRE) -- Aterian, Inc. (Nasdaq: ATER) (“Aterian” or the “Company”) has announced a 1-for-12 reverse stock split of its common stock, effective with the market opening on Friday, March 22, 2024. This move is aimed at meeting Nasdaq's continued listing standards, specifically to increase the per share price above the minimum $1.00 threshold required by Nasdaq. The reverse split was authorized by the Company's shareholders on August 11, 2023, granting the...

NEW YORK, March 12, 2024 (GLOBE NEWSWIRE) -- Aterian, Inc. (Nasdaq: ATER) (“Aterian” or the “Company”) today announced results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Highlights Fourth quarter 2023 net revenue declined 40.3% to $32.8 million, compared to $54.9 million in the fourth quarter of 2022. Fourth quarter 2023 gross margin increased to 51.0%, compared to 37.1% in the fourth quarter of 2022, primarily reflecting lower liquidation of high...

NEW YORK, March 07, 2024 (GLOBE NEWSWIRE) -- Aterian, Inc. (Nasdaq: ATER) (“Aterian” or the “Company”) today announced the recent closing of a strategic minority equity investment in 4th & Heart, the leading U.S. maker of premium ghee butter products. The Company invested approximately $0.2 million in cash and approximately 145,000 shares of Aterian common stock. No other terms of the transaction were disclosed. “We are excited to announce our participation in 4th & Heart’s funding...

NEW YORK, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Aterian, Inc. (Nasdaq: ATER) (“Aterian”) announced today that it plans to report its fourth quarter and full year 2023 financial results after the market close on Tuesday, March 12, 2024, and plans to host a conference call for investors and interested parties at 5:00 p.m. ET that evening. The conference call will be accessible by telephone and the internet. To access the call, participants from within the U.S. should dial (800) 715-9871 and...

Credit Facility’s Financial Liquidity Covenant More Favorable Maturity Extended to December 2026 NEW YORK, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Aterian, Inc. (Nasdaq: ATER) (“Aterian” or the “Company”) today announced that it has extended its asset backed credit facility (“Credit Facility”) with MidCap Financial, which is managed by a subsidiary of Apollo Global Management, Inc. The Credit Facility term has been extended to December 2026 and gives Aterian access to $17.0 million in...

Expected to Save $4.0 Million Annualized On Target for Second Half 2024 Adjusted EBITDA Profitability Fourth Quarter 2023 Net Revenue Range Improved to $31.2 Million to $32.0 Million Expected Adjusted EBITDA Loss Range Improved to $(6.3) Million to $(5.5) Million NEW YORK, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Aterian, Inc. (Nasdaq: ATER) (“Aterian” or the “Company”) today announced a fixed cost reduction as part of the final steps of its previously announced SKU rationalization program. The...

NEW YORK, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Squatty Potty, the toilet stool that positions people how nature intended, reducing their strain while eliminating, announced that select Squatty Potty toilet stools have launched in Walmart stores nationwide. Squatty Potty is a 100% owned brand of Aterian, Inc. (Nasdaq: ATER). “Our partnership with Walmart represents a significant step forward in our previously announced omnichannel expansion of the Squatty Potty brand. Walmart's footprint offers...