12 Popular Penny Stocks on Robinhood to Watch

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9. Aterian Inc. (NASDAQ:ATER)

No of hedge fund holders: 4

Aterian Inc. (NASDAQ:ATER) is a dynamic technology-enabled consumer products company specializing in a diverse range of home and kitchen appliances, health and beauty products, and essential oils.

Aterian Inc. (NASDAQ:ATER) has authorized a $3 million share repurchase program, reflecting the board’s confidence in its future and undervalued stock. CEO Arturo Rodriguez highlighted the firm’s significant strides over the last 18 months to foster sustainable growth from 2025 onwards. The repurchase plan represents a direct capital return to shareholders, reflecting the firm’s strong financial position and optimistic outlook.

The company’s net revenue for Q4 was $24.6 million, down from $32.8 million in Q4 2023. However, it saw improvements in the operating loss, which decreased to ($1.6) million, compared to ($8.2) million in Q4 2023. The net loss also improved, coming in at ($1.3) million, down from ($7.7) million in the same period last year. Aterian Inc. (NASDAQ:ATER)’s adjusted EBITDA loss improved to ($0.1) million from a loss of ($5.6) million. The company ended 2024 with a total cash balance of $18.0 million, up from $16.1 million at the end of Q3 2024.

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