Aterian, Inc.: A Letter to Shareholders
February 20, 2025
Dear Valued Shareholders,
On behalf of the Board of Directors and myself, I am pleased to provide this letter to update you on the significant strides Aterian, Inc. (ATER) has made over the past year and to outline our strategic priorities moving forward.
Company Overview
Since our initial public offering in 2020, we have focused on leveraging our technology-enabled platform to drive growth in the consumer products industry. Our unique business model combines data-driven insights with agile manufacturing capabilities to deliver high-quality, on-trend products to market quickly and efficiently.
Financial Performance
In the past year, we have achieved impressive financial results. Our revenue grew by 25% year-over-year, reaching $1.2 billion, and our adjusted EBITDA increased by 30% to $150 million. These numbers are a testament to the power of our platform and our team’s execution.
Strategic Priorities
Looking ahead, we remain committed to our strategic priorities:
- Investing in Technology: We will continue to invest in our technology platform to enhance our data analytics capabilities, improve our manufacturing processes, and expand our product offerings.
- Expanding Our Product Portfolio: We will focus on expanding our product portfolio to include new categories and subcategories, capitalizing on emerging trends and consumer preferences.
- International Expansion: We will explore opportunities for international expansion, building on our success in the U.S. market.
Impact on Consumers
The impact of Aterian’s growth on consumers is twofold:
- Increased Product Variety: With our ability to quickly identify and respond to consumer trends, we will continue to offer a wide range of high-quality, on-trend products at competitive prices.
- Improved Convenience: Our technology-enabled platform allows us to deliver products to market faster than traditional consumer goods companies, ensuring that consumers have access to the latest products when they want them.
Impact on the World
Aterian’s growth also has broader implications:
- Sustainability: Our technology-enabled manufacturing processes are more efficient and sustainable than traditional methods, reducing our carbon footprint and contributing to a more eco-friendly industry.
- Job Creation: As we expand our operations and enter new markets, we will create new jobs and contribute to economic growth.
- Competitive Landscape: Our disruptive business model is changing the competitive landscape in the consumer products industry, forcing traditional players to adapt or risk being left behind.
Conclusion
We are proud of the progress we have made and are excited about the opportunities that lie ahead. We remain committed to delivering value to our shareholders and making a positive impact on consumers and the world.
Thank you for your continued support and trust in Aterian. We look forward to updating you on our progress throughout the year.
Sincerely,
Arturo Rodriguez
Chief Executive Officer
Aterian, Inc.
