New York, NY – Aterian, Inc. disclosed their first-quarter 2024 earnings in a recent conference call. Executives addressed shareholders, emphasizing the company’s financial performance and strategic initiatives to drive growth. Vice President, Investor Relations, Ilya Grozovsky, opened the call, highlighting the focus on achieving adjusted EBITDA profitability in the second half of 2024. Co-CEOs Joe Risico and Arturo Rodriguez discussed the company’s performance, emphasizing efforts to simplify operations and stabilize the core business.

The company, known for its consumer products brands in various categories, including home appliances, health, wellness, and essential oils, reported progress in rationalizing their product portfolio and streamlining operations. Despite pricing pressures and economic uncertainties, Aterian saw improvements in gross and contribution margins in the first quarter of 2024.

Risico outlined the company’s strategies for organic and inorganic growth, including plans for product launches in the coming quarters and expansion into new marketplaces. Rodriguez addressed the company’s focus on profitability, noting improvements in gross margin and operating losses. The executives expressed confidence in achieving adjusted EBITDA profitability by the second half of 2024.

The call included a Q&A session with analysts, where discussions revolved around factors impacting gross margins, inventory management, product innovation, and revenue projections. Company executives shared insights into their plans for future growth, highlighting a focus on core business operations, margin improvements, and cost-saving measures.

Shareholders and participants in Aterian’s perks program had the opportunity to pose questions during the call, emphasizing interest in the company’s diversification plans and product segmentation strategies. Risico and Rodriguez addressed inquiries, reiterating the company’s current focus on brand ownership and operational efficiency.

The conference call concluded with management expressing gratitude to shareholders and participants for their support and engagement. The executives reiterated their commitment to driving profitability and growth, signaling a positive outlook for the company’s future performance. Participants were encouraged to join future calls for further updates on Aterian’s progress and strategic initiatives.