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Aterian, Inc.
CIK:0001757715|SEC Filings
Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|||
| Net revenue | $ 7 | $ 88 | $ 25 | $ 151 | ||
| Cost of goods sold | 6 | 47 | 14 | 60 | ||
| Gross profit | 1 | 41 | 11 | 91 | ||
| Operating expenses: | ||||||
| Sales and distribution | 188 | 1,035 | 488 | 1,072 | ||
| General and administrative | 3,772 | 2,584 | 6,691 | 5,938 | ||
| Total operating expenses | 3,960 | 3,619 | 7,179 | 7,010 | ||
| Operating loss | (3,959) | (3,578) | (7,168) | (6,919) | ||
| Interest expense, net | 173 | 222 | 399 | 397 | ||
| Change in fair value of warrant liabilities | 0 | (35) | 0 | (90) | ||
| Gain on extinguishment of debt | (295) | 0 | (295) | 0 | ||
| Other expense (income), net | 125 | 0 | 125 | (42) | ||
| Loss from continuing operations before income taxes | (3,962) | (3,765) | (7,397) | (7,184) | ||
| Income taxes | 0 | 0 | 0 | 0 | ||
| Loss from continuing operations, net of income taxes | (3,962) | (3,765) | (7,397) | (7,184) | ||
| Income (loss) from discontinued operations | 3,471 | (1,095) | 774 | (1,572) | ||
| Net loss | [1] | $ (491) | $ (4,860) | $ (6,623) | $ (8,756) | |
| Net loss from continuing operations per share, basic and diluted (in dollars per share) | $ (0.43) | $ (0.49) | $ (0.82) | $ (0.95) | ||
| Net income (loss) from discontinued operations per share, basic and diluted (in dollars per share) | 0.38 | (0.14) | 0.09 | (0.21) | ||
| Net loss per share, basic and diluted (in dollars per share) | $ (0.05) | $ (0.63) | $ (0.74) | $ (1.16) | ||
| Weighted-average number of shares outstanding, basic and diluted (in shares) | 9,160,187 | 7,674,910 | 9,003,236 | 7,564,523 | ||
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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) |
Jun. 30, 2026 |
Dec. 31, 2025 |
|---|---|---|
| Current assets: | ||
| Cash | $ 2,546,000 | $ 4,857,000 |
| Accounts receivable | 0 | 6,000 |
| Inventory, net | 49,000 | 52,000 |
| Prepaid and other current assets | 2,495,000 | 2,110,000 |
| Assets held for sale (Note 3) | 18,182,000 | 21,490,000 |
| Total current assets | 23,272,000 | 28,515,000 |
| Property and equipment, net | 0 | 661,000 |
| Other non-current assets | 255,000 | 389,000 |
| Total assets | 23,527,000 | 29,565,000 |
| Current liabilities: | ||
| Credit facility | 0 | 4,259,000 |
| Accounts payable | 2,794,000 | 355,000 |
| Seller notes | 38,000 | 368,000 |
| Accrued and other current liabilities | 3,919,000 | 5,336,000 |
| Liabilities held for sale (Note 3) | 4,161,000 | 3,812,000 |
| Total current liabilities | 10,912,000 | 14,130,000 |
| Other liabilities | 0 | 225,000 |
| Total liabilities | 10,912,000 | 14,355,000 |
| Commitments and contingencies (Note 12) | ||
| Stockholders' equity: | ||
| Preferred stock, $0.0001 par value, 10,000,000 shares authorized, 1,750,000 and no shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively | 0 | 0 |
| Common stock, $0.0001 par value, 500,000,000 shares authorized and 10,879,410 and 10,027,046 shares outstanding at June 30, 2026 and December 31, 2025, respectively | 9,000 | 9,000 |
| Additional paid-in capital | 750,500,000 | 746,414,000 |
| Accumulated deficit | (737,284,000) | (730,661,000) |
| Accumulated other comprehensive loss | (610,000) | (552,000) |
| Total stockholders’ equity | 12,615,000 | 15,210,000 |
| Total liabilities and stockholders' equity | $ 23,527,000 | $ 29,565,000 |