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Aterian Announces Exploration of Strategic Alternatives to Maximize Shareholder Value
Globenewswire· 2025-12-08 14:08
Core Viewpoint - Aterian, Inc. has initiated a formal process to evaluate strategic alternatives aimed at maximizing shareholder value, which may include asset sales, company sales, mergers, or other strategic actions [1][3]. Company Overview - Aterian, Inc. is a consumer products company that builds and acquires leading e-commerce brands across various categories, including home and kitchen appliances, health and wellness, and air quality devices [5]. - The company operates on major online marketplaces such as Amazon, Walmart, and Target, as well as its own direct-to-consumer websites [5]. - Aterian's brand portfolio includes well-known names like Mueller Living, PurSteam, hOmeLabs, Squatty Potty, Healing Solutions, and Photo Paper Direct [5]. Strategic Review Process - The Board of Directors has authorized the exploration of strategic alternatives to enhance shareholder value, reflecting concerns that the current market valuation does not represent the true value of the brand portfolio [1][3]. - Aterian has engaged A.G.P / Alliance Global Partners to assist in this strategic review, with legal counsel provided by Paul Hastings LLP [4]. Market Position and Challenges - Despite having a strong portfolio and a global omni-channel sales presence, Aterian acknowledges ongoing business and category challenges that necessitate the exploration of strategic options [3]. - The CEO emphasized the importance of approaching the review thoughtfully while maintaining high levels of customer and partner service [3].
Aterian Receives 2025 Genesys Orchestrators Innovation Award
Globenewswire· 2025-09-10 12:30
Core Insights - Aterian, Inc. has been awarded the Orchestrators Innovation Award by Genesys for its commitment to innovation in customer experience and technology [1][2] - The company has successfully transformed its customer experience (CX) foundation through collaboration with Genesys and Amplix, leading to significant operational improvements [2] Company Overview - Aterian, Inc. is a consumer products company that builds and acquires e-commerce brands across various categories, including home and kitchen appliances, health and wellness, and air quality devices [3] - The company operates on major online marketplaces such as Amazon, Walmart, and Target, as well as its own direct-to-consumer websites [3] Customer Experience Transformation - Aterian's CX transformation resulted in a 65% reduction in total cost of ownership and a 30% improvement in service level agreement (SLA) performance during peak seasons [2] - The company achieved a 5-20% improvement in talk time across its brands, while email handle times decreased despite the launch of voice support without increasing headcount [2] - Agents are now able to manage more complex interactions across new voice and chat channels, enhancing efficiency and productivity [2] Leadership Perspective - Roi Zahut, Aterian's Chief Technology Officer, emphasized the importance of customer perception, stating that customers value feeling heard and appreciated, regardless of whether their issues are addressed by humans or AI [3]
Aterian Sets Date for Second Quarter 2025 Earnings Announcement & Investor Conference Call
Globenewswire· 2025-07-30 12:30
Group 1 - Aterian, Inc. will release its financial results for Q2 2025 on August 13, 2025, after market close [1] - A conference call to discuss the results will be held at 5:00 p.m. ET on the same day [1] - Investors can participate in the call via phone or through a live webcast [1] Group 2 - Aterian, Inc. is a consumer products company focused on building and acquiring e-commerce brands across various categories [2] - The company sells products on major online marketplaces such as Amazon, Walmart, and Target, as well as through its own direct-to-consumer websites [2] - Aterian's brand portfolio includes Mueller Living, PurSteam, hOmeLabs, Squatty Potty, Healing Solutions, and Photo Paper Direct [2]