Aterian, Inc.
Severe listing-compliance risk
The share price is below $1 and the stored reverse-split/listing-risk level is HIGH. No verified reverse-split authorization or announced reverse split is currently recorded. This is a risk signal, not confirmation that Nasdaq has issued a deficiency notice.
ATER · Price history
Price at last available close
$0.68
+$0.03 (+5.35%) 1M
2026-10-27
Tap or drag sideways to inspect a price. Use two fingers to compare automatically. Release to scroll. Use Shift + arrow keys to compare with a keyboard.
Company & revenue
About Aterian, Inc.
Primary reporting period: 2025-12-31 · Research updated Oct 13, 2026. A research update is not a new financial filing.
Who they are
Aterian, Inc., founded in 2014 and headquartered in New York, is an international, technology-driven consumer products company. Its core innovation is an Artificial Intelligence Marketplace e-Commerce Engine, a proprietary software platform that leverages machine learning, natural language processing, and data analytics to streamline the design, development, marketing, and sales of various products. The company offers a wide array of goods, including home and kitchen appliances, kitchenware, heating and cooling devices, health and beauty products, and air quality solutions like dehumidifiers, humidifiers, and air conditioners.
How they make money
Aterian is a technology-enabled consumer products company that builds and acquires e-commerce brands. It generates revenue primarily by selling consumer products directly to individual online consumers through third-party marketplaces, most notably Amazon, and to a lesser extent through its own websites.
Products & services
The company offers a diverse range of consumer products across categories including home and kitchen appliances, health and wellness, beauty, and consumer electronics.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.
Geographic revenue
Customer types
- Individual online consumersSource
Customer concentration
In 2025, approximately 86% of the company's revenue was generated through the Amazon sales platform.
Suppliers, materials & equipment
- Contract Manufacturers — The company relies on third-party contract manufacturers, primarily located in China, to produce its consumer products.Source
Strengths
- Portfolio of e-commerce brandsSource
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
15
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
16
Poor
Financial Strength
22
Business Quality / Moat
37
Management
0
Growth Quality
0
Risk / Durability
0
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
15
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
23/100
Building Historical Record
Model Score 23/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
Reverse-split / listing-compliance risk: HIGH
This is a risk signal, not a prediction. It is separate from Wall Street Score and does not change the company score. It looks for listing-pressure signals such as prolonged Nasdaq trading below $1, very low share price, micro-cap size, negative free cash flow, and verified recent reverse splits.
Risk indicator: 70/100
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
No strong positive signal is being highlighted from the currently available summary data.
- •Share split detected
- •MAJOR RED FLAG: Reverse split proposed / authorized
- •CRITICAL: Going-concern warning
- •Debt service risk
- •Valuation is a weaker part of the current profile
Company-specific research
Questions worth answering for ATER
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •What is driving ATER's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
- •How long can ATER fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •How is ATER likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
- •What specifically needs to improve for ATER to reach sustainable profitability?
- •What future growth or profitability would be needed to justify ATER's current valuation?
Essential Investment Snapshot
Wall Street Score
15
Opportunity Score
15
Market Cap
$7.4M
P/E Ratio
-0.3
EPS
$-1.98
52-Week High
$1.87
52-Week Low
$0.35
Beta
0.69
Analyst Target
$4.25
Shares Outstanding
7.9M
Total Revenue
$34.2M
Total Debt
$38K
Dividend
No current dividend
Liquidation Value / Share
$1.59
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Strong upward momentum
Elevated movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for ATER
Detected from reported data — verify before acting.Share split detected
A recent SEC filing references a reverse stock split/share consolidation. Repeated reverse splits receive progressively harsher score ceilings.
Supporting sourceMAJOR RED FLAG: Reverse split proposed / authorized
A recent SEC filing discusses authorization, approval, or a proposal for a reverse stock split. This is treated as a major distress/listing-risk signal and caps Wall Street Score below 30 while pending.
Supporting filingCRITICAL: Going-concern warning
A recent SEC filing contains explicit going-concern language. Wall Street Score is capped at 15 until the distress condition is resolved in later filings.
Supporting filingDebt service risk
Interest coverage is low (~-12.8x). Earnings may be strained to cover interest expense.
Community Sentiment
0 active · 0 total callsNo personal call yet on ATER.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Portfolio of e-commerce brands.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Furnishings, Fixtures & Appliances industry.
- −Heavy dependence on Amazon sales platform.
- −Going concern uncertainty.
- −Impact of tariffs on imports from China.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
6 historical score records availablePrevious Score
18
Sep 8, 2026
Change
-2.9
points
Current Score
15
Oct 1, 2026
Category Changes
ATER decreased 2.9 points because some fundamentals weakened.
Projected Score
Projected Score
6
Projected Change
-9.2 points
Preliminary comparable-period financial changes suggest decline of approximately 9.2 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailableCurrent Price
$0.68
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $34.2M | $69.0M | $99.0M | $142.6M | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $15.0M | $29.8M | $37.5M | $72.3M | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $19.2M | $39.1M | $61.5M | $70.3M | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $4.6M | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $32.0M | $11.8M | $73.3M | $102.1M | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $30.1M | $51.4M | $73.3M | $146.5M | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | -$10.2M | -$16.4M | -$9.0M | -$69.4M | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | -$11.0M | -$12.2M | -$11.8M | -$76.2M | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $890K | $957K | $1.2M | $2.1M | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | -$17.6M | -$18.9M | -$11.9M | -$75.4M | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | -$764K | $41K | -$47K | -$867K | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | -$16.9M | -$19.0M | -$11.9M | -$74.6M | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $-1.98 | $-2.39 | $-1.68 | $-11.45 | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 9.16M | 7.93M | 7.07M | 6.51M | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 9.16M | 7.93M | 7.07M | 6.51M | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$7000
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.05
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-99.5%
Cash Change
-75.7%
Margin Change
-6989.3 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Debt reduced
What Weakened
- Margins contracted
- Cash position declined
Potential Score Impact
Positive indicators included debt levels. Pressure indicators included revenue growth, EPS growth, cash levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue declined 100.0%. EPS declined 92.1%. Cash declined 75.7%. Total debt declined 99.5%. Net income margin declined by 6989.3 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
6 historical recordsHistorical Score Chart
3 of 6 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
Furnishings, Fixtures & AppliancesRumor Mill · ATER
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
Related Stock Research
Continue researching this company with related Wall Street Score rankings and investing guides.
Score Alerts
Premium unlocks alerts when a score rises, falls, or reaches your target price.
Start 7-Day Free TrialPortfolio Score
Premium unlocks portfolio scoring, strongest and weakest holdings, and overall margin of safety.
Start 7-Day Free Trial