Aterian Named 166th Fastest Growing Company in Americas by Financial Times
April 06 2022 - 7:00AM
Aterian, Inc. (Nasdaq: ATER) (“Aterian” or the “Company”) announced
that it has been recognized in the third annual Financial Times
ranking of The Americas’ Fastest Growing Companies. The rankings
are based on the compound annual growth rate (CAGR) in revenue,
between 2017 and 2020 for public and private businesses across
North and South America.
Aterian was ranked 166th out of 500 on the 2022
list. To view the full list go
tohttps://www.ft.com/content/6ee8f978-a2e0-4644-b7c7-0718a334adb7
Yaniv Sarig, Co-Founder and Chief Executive
Officer, commented, “We are very excited to have been recognized
and honored to be ranked by the Financial Times for a third
consecutive year. We are hopeful to remain on this list for many
years to come and believe that as supply chain constraints ease in
the future, we will be well positioned to pursue our ambitious
growth goals.”
The Financial Times will publish its full report
of the rankings in the April 28th print issue.
About Aterian, Inc.Aterian,
Inc. (Nasdaq: ATER), is a leading technology-enabled consumer
products platform that builds, acquires, and partners with
best-in-class e-commerce brands by harnessing proprietary software
and an agile supply chain to create top selling consumer products.
The Company’s cloud-based platform, Artificial Intelligence
Marketplace Ecommerce Engine (AIMEE™), leverages machine learning,
natural language processing and data analytics to streamline the
management of products at scale across the world’s largest online
marketplaces, including Amazon, Shopify and Walmart. Aterian has
thousands of SKUs across 14 owned and operated brands and sells
products in multiple categories, including home and kitchen
appliances, health and wellness, beauty and consumer
electronics.
Forward Looking Statements
All statements other than statements of
historical facts included in this press release that address
activities, events or developments that we expect, believe or
anticipate will or may occur in the future are forward-looking
statements including, in particular, the statements regarding the
easing of supply chain constraints and our growth goals. These
forward-looking statements are based on management’s current
expectations and beliefs and are subject to a number of risks and
uncertainties and other factors, all of which are difficult to
predict and many of which are beyond our control and could cause
actual results to differ materially and adversely from those
described in the forward-looking statements. These risks include,
but are not limited to: those related to the global shipping
disruptions, our ability to continue as a going concern, our
ability to meet financial covenants with our lenders, our ability
to create operating leverage and efficiency when integrating
companies that we acquire, including through the use of our team’s
expertise, the economies of scale of our supply chain and
automation driven by our platform; those related to our ability to
grow internationally and through the launch of products under our
brands and the acquisition of additional brands; those related to
the impact of COVID-19, including its impact on consumer demand,
our cash flows, financial condition, forecasting and revenue growth
rate; our supply chain including sourcing, manufacturing,
warehousing and fulfillment; our ability to manage expenses,
working capital and capital expenditures efficiently; our business
model and our technology platform; our ability to disrupt the
consumer products industry; our ability to grow market share in
existing and new product categories; our ability to generate
profitability and stockholder value; international tariffs and
trade measures; inventory management, product liability claims,
recalls or other safety and regulatory concerns; reliance on third
party online marketplaces; seasonal and quarterly variations in our
revenue; acquisitions of other companies and technologies, and our
ability to integrate such companies and technologies with our
business, our ability to continue to access debt and equity capital
(including on terms advantageous to the Company) and the extent of
our leverage and other factors discussed in the “Risk Factors”
section of our most recent periodic reports filed with the
Securities and Exchange Commission (“SEC”), all of which you may
obtain for free on the SEC’s website at www.sec.gov.
Investor Contact:
Ilya Grozovsky Director of Investor Relations
& Corp. DevelopmentAterian, Inc.ilya@aterian.io917-905-1699
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