Latest news with #ArturoRodriguez
Yahoo
2 days ago
- Business
- Yahoo
Aterian's PurSteam and Mueller Living Brands Launch Products in Walmart Stores
Innovative Appliances Designed to Enhance Everyday Living, Expand Retail Reach, and Strengthen Aterian's Brand Portfolio SUMMIT, N.J., June 11, 2025 (GLOBE NEWSWIRE) -- Aterian, Inc (Nasdaq: ATER), a consumer products company, today announced the national launch of two of its most innovative home appliances - the PurSteam Steam Station Max and the Mueller Living Cordless Portable Vacuum Sealer - now available nationwide across Walmart locations. 'These launches reflect Aterian's broader mission to expand our omni-channel presence by bringing high-quality consumer products to both digital and physical retail platforms,' said Arturo Rodriguez, Chief Executive Officer of Aterian. 'The increased brand visibility, coupled with mass-market accessibility, is designed to strengthen the Company's growth trajectory and retail partnerships.' Product Launch Descriptions The PurSteam Steam Station Max delivers premium ironing performance at an accessible price point. Featuring rapid 1.5-minute preheat, strong continuous steam output, and a large 50.7 oz water tank, it's built for speed and convenience. A ceramic soleplate ensures smooth gliding across all fabrics, while integrated anti-calc, anti-drip, and auto shut-off features enhance safety and extend appliance life. Also launching is the Mueller Living Cordless Portable Vacuum Sealer, a compact, high-performance food preservation tool that seals up to 60 bags on a single charge. With universal compatibility, fast 3-hour charging, and a cordless design, it's ideal for everyday kitchens, meal prepping, or on-the-go storage. 'Whether it's the commercial-grade power of our PurSteam Steam Station Max or the flexible, space-saving design of our Mueller Living Cordless Portable Vacuum Sealer, our goal is to deliver intelligent products that make life at home better,' Mr. Rodriguez continued. 'These launches exemplify our commitment to combining thoughtful design with the power, safety, and everyday convenience that households demand.' About PurSteamPurSteam, an Aterian brand, is dedicated to revolutionizing the way people clean and care for their homes. From high-performance steam irons to state-of-the-art steam mops, PurSteam delivers products that combine advanced technology, superior quality, and exceptional value. To learn more, visit About Mueller LivingMueller Living, part of the Aterian brand portfolio, believes the kitchen is the heart of the home. Known for its premium, affordable kitchen tools, Mueller Living inspires cooks of all levels with products that blend comfort, design, and durability. To learn more, visit About Aterian, Inc. (Nasdaq: ATER) is a technology-enabled consumer products company that builds and acquires leading e-commerce brands across multiple categories, including home and kitchen appliances, health and wellness, and air quality devices. The Company sells across the world's largest online marketplaces, including Amazon, Walmart, and Target as well as its own direct-to-consumer websites. Aterian's brands include Mueller Living, PurSteam, hOmeLabs, Squatty Potty, Healing Solutions, and Photo Paper Direct. To learn more, visit Forward Looking StatementsAll 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, our ability to expand our omni-channel presence, and strengthen our growth trajectory and retail partnerships. 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 our ability to continue as a going concern, the effect of tariffs and other costs on our results, our ability to continue to operate following our reduction in workforce, our ability to meet financial covenants with our lenders, our ability to maintain and to grow market share in existing and new product categories; our ability to continue to profitably sell the SKUs we operate; our ability to maintain Amazon's Prime badge on our seller accounts or reinstate the Prime badge in the event of any removal of such badge by Amazon; 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 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 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 Although we believe that the expectations reflected in our forward-looking statements are reasonable, we do not know whether our expectations will prove correct. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, even if subsequently made available by us on our website or otherwise. We do not undertake any obligation to update, amend or clarify these forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Investor Contact: The Equity GroupDevin Sullivan, Managing Directordsullivan@ Conor Rodriguez, Associatecrodriguez@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
2 days ago
- Business
- Associated Press
Aterian's PurSteam and Mueller Living Brands Launch Products in Walmart Stores
SUMMIT, N.J., June 11, 2025 (GLOBE NEWSWIRE) -- Aterian, Inc . (Nasdaq: ATER), a consumer products company, today announced the national launch of two of its most innovative home appliances - the PurSteam Steam Station Max and the Mueller Living Cordless Portable Vacuum Sealer - now available nationwide across Walmart locations. 'These launches reflect Aterian's broader mission to expand our omni-channel presence by bringing high-quality consumer products to both digital and physical retail platforms,' said Arturo Rodriguez, Chief Executive Officer of Aterian. 'The increased brand visibility, coupled with mass-market accessibility, is designed to strengthen the Company's growth trajectory and retail partnerships.' Product Launch Descriptions 'Whether it's the commercial-grade power of our PurSteam Steam Station Max or the flexible, space-saving design of our Mueller Living Cordless Portable Vacuum Sealer, our goal is to deliver intelligent products that make life at home better,' Mr. Rodriguez continued. 'These launches exemplify our commitment to combining thoughtful design with the power, safety, and everyday convenience that households demand.' About PurSteam PurSteam, an Aterian brand, is dedicated to revolutionizing the way people clean and care for their homes. From high-performance steam irons to state-of-the-art steam mops, PurSteam delivers products that combine advanced technology, superior quality, and exceptional value. To learn more, visit About Mueller Living Mueller Living, part of the Aterian brand portfolio, believes the kitchen is the heart of the home. Known for its premium, affordable kitchen tools, Mueller Living inspires cooks of all levels with products that blend comfort, design, and durability. To learn more, visit About Aterian, Inc. Aterian, Inc. (Nasdaq: ATER) is a technology-enabled consumer products company that builds and acquires leading e-commerce brands across multiple categories, including home and kitchen appliances, health and wellness, and air quality devices. The Company sells across the world's largest online marketplaces, including Amazon, Walmart, and Target as well as its own direct-to-consumer websites. Aterian's brands include Mueller Living, PurSteam, hOmeLabs, Squatty Potty, Healing Solutions, and Photo Paper Direct. To learn more, visit 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, our ability to expand our omni-channel presence, and strengthen our growth trajectory and retail partnerships. 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 our ability to continue as a going concern, the effect of tariffs and other costs on our results, our ability to continue to operate following our reduction in workforce, our ability to meet financial covenants with our lenders, our ability to maintain and to grow market share in existing and new product categories; our ability to continue to profitably sell the SKUs we operate; our ability to maintain Amazon's Prime badge on our seller accounts or reinstate the Prime badge in the event of any removal of such badge by Amazon; 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 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 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 Although we believe that the expectations reflected in our forward-looking statements are reasonable, we do not know whether our expectations will prove correct. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, even if subsequently made available by us on our website or otherwise. We do not undertake any obligation to update, amend or clarify these forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Investor Contact: The Equity Group Devin Sullivan, Managing Director [email protected] Conor Rodriguez, Associate [email protected]
Filipino Times
23-05-2025
- Entertainment
- Filipino Times
Big Ticket celebrates winners from Syria, India, and the Philippines in the third weekly e-draw of May
May continues to deliver exciting surprises as five lucky winners emerged from this week's Big Ticket e-draw. Among this list of winners are expats from Syria, India, and the Philippines who have taken home AED 50,000, adding to the month's growing list of winners. Arturo Rodriguez A 59-year-old technical super attendant from the Philippines, who has called Dubai home for the past 32 years, has finally won after trying his luck with Big Ticket for a decade. Living in the UAE with his family, he has been purchasing tickets every month with a close group of eight friends, never giving up hope. Arturo Rodriguez, a technical super attendant from the Philippines When he got the call from Richard, he immediately recognized Richard's voice and was really surprised, and shared, 'This is my first win; it feels surreal, you know.' Although he doesn't yet have specific plans for the prize money, he is staying hopeful and looking forward to receiving another call during the live draw on June 3. When asked if he plans to continue purchasing Big Ticket, his reply was clear and simple: 'Oh yeah, we never stop buying Big Ticket.' He shares a hopeful and heartfelt message with those trying their luck with Big Ticket, saying: 'Don't lose hope, keep trying.' Reflecting on his experience with Big Ticket, he added, 'Big Ticket is really great and helping a lot of people.' Nawar Najem A 42-year-old deputy marine manager from Syria, who has been living in the UAE since the end of 2009, has won Big Ticket for the first time after years of participating. He was first introduced to Big Ticket at the airport and purchased his first ticket in-store back in 2010. Since then, he has continued to buy tickets on his own, never giving up hope. Now living in the UAE with his family, who joined him seven years ago, Nawar was overjoyed when he received the winning call, and he was particularly excited to celebrate his first win with Big Ticket. With plans to enjoy a well-earned vacation with his family, he is excited to continue purchasing Big Ticket and encourages participants who are still trying to never give up. And to the Big Ticket team, he sends a heartfelt note of gratitude. Asaraf Ali Valiya Parambil A 40-year-old salesman from Kerala, India, who has lived in the UAE for the past 16 years, has finally experienced his Big Ticket moment. Currently based in the UAE while his family remains in India, Asaraf has been buying tickets every month for years alongside a close friend. Asaraf Ali Valiya Parambil, a salesman from Kerala, India The two of them have made it a monthly tradition to visit Al Ain Airport to purchase their ticket, and it has become an experience they genuinely look forward to. Although the winning call came as a surprise, he had a quiet sense that something good was on the way. With his winnings, Asaraf's first priority is to donate and give back, while also planning to share and enjoy the rest with his friends. Even after this big win, he has no intention of stopping and will continue buying Big Ticket. He encourages everyone still trying to stay hopeful and urges those considering it to take a chance and test their luck. Praveen Arun Tellis A 52-year-old manager in shipping and retail from India, who has been living in the UAE for 20 years, has won Big Ticket after just two months of purchasing tickets. He was introduced to Big Ticket through one of his colleagues at work, and he started purchasing tickets two months ago with a group of seven friends. When he received the winning call, he was in complete disbelief. 'I was like, really? I won? I just couldn't believe it,' he shared. He plans to divide the prize equally among the group and use his share to support his family. After living alone in the UAE for six years, he brought his family over, as being together was always important to him. A few years ago, after the passing of his father, he also brought his elderly mother to live with him so he could care for her. While he's grateful for everything he has, managing expenses can sometimes be a challenge, which is why this win comes as a huge relief. 'Thank you, Big Ticket, for making life easier,' he said. Aysha Sajeev Originally from India, Aysha purchased her winning ticket online (ticket number 275-236701). At this time, she has not yet been informed of her win, as we are still trying to reach her. We are continuing our efforts to get in touch and share this exciting news; no doubt, it will be a wonderful surprise when she finds out. Congratulations to our lucky winners once again. We're almost at the end of May, but Big Ticket is just getting started turning dreams into reality with more prizes, more winners, and more chances to make your dreams come true. This May, a grand prize of AED 20 million is up for grabs, and one lucky winner will get the chance to go home a millionaire on the 3rd of June 2025. But that's not all, five bonus winners will each walk away with AED 150,000 that same night. Every week in May, five lucky winners will celebrate AED 50,000 wins each in Big Ticket's weekly e-draw, making a total of 20 winners by the end of the month, and you could be one of them. If you thought it could not get better, customers who buy two or more cash tickets in a single transaction between 1st and 25th May will be entered into The Big Win Contest. Four names will be picked and announced on 1st June on the Big Ticket website, winning a cash prize between AED 20,000 and AED 150,000 each, and a chance to attend the live draw in person. And our May prizes wouldn't be complete without our Dream Car promotion. This month, one lucky winner will drive away with a BMW M440i, the draw will take place on 3rd June, and next month's prize, the Nissan Patrol, is already getting ready to take the spotlight. With so many opportunities to win big, Big Ticket is making it easier than ever to get closer to your dream life. Take a chance, buy your ticket, and make this your month to win. Tickets are available online at or at counters located in Zayed International Airport and Al Ain Airport. For all the latest news and updates on upcoming draws, everyone is encouraged to follow Big Ticket's social media platforms. The weekly E-draw dates: Week 4: 22nd – 31st May & Draw Date – 1st June (Sunday)
Khaleej Times
23-05-2025
- Entertainment
- Khaleej Times
UAE: Indian, Filipino, Syrian expats win Dh50,000 each in Big Ticket draw
This week, five people — expats from India, Philippines and Syria — took home Dh50,000 each in the Big Ticket e-draw. Arturo Rodriguez, a 59-year-old technical super attendant from the Philippines, has called Dubai home for the last 32 years. "This is my first win. It feels surreal, you know," Rodriguez said when he got a call from Big Ticket representative Richard. Indian expat Asaraf Ali Valiya Parambil has been buying tickets every month for years alongside a close friend. The two of them have made it a monthly tradition to visit Al Ain Airport to purchase their ticket, and it has become an experience they genuinely look forward to. With his winnings, Asaraf's first priority is to donate and give back, while also planning to share and enjoy the rest with his friends. Another Indian expat, Praveen Arun Tellis, a 52-year-old manager in shipping and retail also won after just two months ago with a group of seven friends. When he received the winning call, he was in complete disbelief. 'I was like, really? I won? I just couldn't believe it,' he shared. He plans to divide the prize equally among the group and use his share to support his family, whom he brought over after six years of living alone. Nawar Najem, a 42-year-old deputy marine manager from Syria, won at Big Ticket too. He lives with his family, who joined him seven years ago, Nawar was overjoyed when he received the winning call, and he was particularly excited to celebrate his first win with Big Ticket. Hailing from India, Aysha purchased her winning ticket online (ticket number 275-236701). At this time, she has not yet been informed of her win as Big Ticket are still trying to reach her. This May, a grand prize of Dh20 million is up for grabs and one lucky winner will get the chance to go home a millionaire on the 3rd of June 2025. Five bonus winners will each walk away with Dh150,000 that same night. The next draw date is June 1, 2025.
Yahoo
15-05-2025
- Business
- Yahoo
Aterian Inc (ATER) Q1 2025 Earnings Call Highlights: Strategic Cost Reductions and ...
Release Date: May 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Aterian Inc (NASDAQ:ATER) has implemented a fixed cost reduction initiative targeting $5 to $6 million in annualized savings. The company is accelerating its plan to diversify manufacturing, aiming to reduce reliance on China to 30% by the end of 2025. Aterian Inc (NASDAQ:ATER) is expanding its product line into consumables, which are predominantly exempt from tariffs. The company has managed to slightly improve its adjusted EBITDA loss despite a 24% decline in net revenue. Aterian Inc (NASDAQ:ATER) has a strong balance sheet with $14.3 million in cash, allowing it to navigate current challenges without raising additional equity capital in 2025. Net revenue for Q1 2025 declined by 24% compared to the same period in 2024, primarily due to SKU rationalization and changes in Amazon's affiliate program. The company is facing significant volatility due to recent tariff changes, impacting its supply chain and pricing strategies. Aterian Inc (NASDAQ:ATER) has withdrawn its 2025 financial guidance due to the current economic uncertainty. The company is implementing headcount reductions as part of its cost-saving measures, which may impact employee morale. Gross margin decreased to 61.4% from 65.1% in the previous year, primarily due to product mix changes. Warning! GuruFocus has detected 3 Warning Signs with ATER. Q: With China tariffs at 30%, can you talk a little bit more about your inventory plans in the near term and then in the medium term? A: Arturo Rodriguez, CEO: We've parked some manufacturing in China while exploring opportunities to shift them to other regions. We've also raised prices to slow down velocity. Our supply chain is diversified, and we feel comfortable securing the necessary shipments. We're monitoring the situation closely to ensure stable tariff environments and avoid stockouts. Q: Could you talk a little bit more about your pricing strategy and how consumers have reacted to the changes you've made? A: Arturo Rodriguez, CEO: The e-commerce market is very price-sensitive. We've seen mixed results with some velocity going down as prices increase. It's unclear if this is due to consumer softness or price resistance. Despite this, our core products maintain strong rankings. We have pricing flexibility, especially with tariffs at 30%, and we're revisiting our strategy where necessary. Q: Is there any way to speed up your diversification strategy in terms of manufacturing? A: Arturo Rodriguez, CEO: We're moving as fast as possible while ensuring product quality. We're focusing on diversifying our product lines and doubling down on consumables, which will help us diversify and position us well for 2026. Q: Will the company be paying any dividends in the future? A: Josh Feldman, CFO: Given the current macroeconomic environment and tariff uncertainties, we're conserving cash. Our focus is on long-term growth and reinvesting profits back into the company. We've paused our share buyback program but plan to execute it once the environment stabilizes. Q: Would management consider revising its policy of granting employee stock options, given their impact on the company's P&L statement? A: Arturo Rodriguez, CEO: Stock options align executives' interests with shareholders and help manage cash by reducing cash compensation. We believe our stock is undervalued, making options a great tool for attracting and retaining talent. We'll revisit our policy as we evolve, but it's currently beneficial for us. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
