ATER - Why Aterian Stock Tanked 23.6% in November
Shares of Aterian (NASDAQ: ATER) tanked 23.6% in November, according to data from S&P Global Market Intelligence . The consumer products roll-up reported another disappointing earnings result, and its founder and chief executive officer, Yaniv Sarig, continues to post strange messages on Twitter .
Aterian is a technology-focused consumer products company that buys brands that sell products on Amazon and other e-commerce marketplaces. For example, this year it bought Squatty Potty, a toilet-seat brand that has grown in popularity over the past few years. In Q3, Aterian's revenue grew 16% year over year to $68.1 million and claims it is profitable by posting positive adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization).
Image source: Getty Images.
For further details see:
Why Aterian Stock Tanked 23.6% in November