Shopify

Aterian Announces Pricing of $20 Million Registered Direct Offering

Retrieved on: 
Friday, September 30, 2022

Each share of common stock and accompanying warrant purchased by insiders will be sold at a combined offering price of $2.10.

Key Points: 
  • Each share of common stock and accompanying warrant purchased by insiders will be sold at a combined offering price of $2.10.
  • The gross proceeds to the Company from this offering are expected to be approximately $20.2 million before deducting offering expenses payable by the Company.
  • Craig-Hallum Capital Group LLC is acting as exclusive placement agent for the registered direct offering.
  • 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, the statements regarding the registered direct offering and expected gross proceeds, the expected uses of the proceeds from the registered direct offering and the expected closing date of the registered direct offering.

China B2C Ecommerce Market Report 2022: Market is Expected to Grow by 11.68% to Reach $2,676.4 Billion in 2022 - Forecasts to 2026 Featuring Taobao, Tmall, & Pinduoduo

Retrieved on: 
Friday, September 30, 2022

The B2C Ecommerce is expected to grow steadily over the forecast period, recording a CAGR of 10.55% during 2022-2026.

Key Points: 
  • The B2C Ecommerce is expected to grow steadily over the forecast period, recording a CAGR of 10.55% during 2022-2026.
  • The country's B2C Ecommerce Gross Merchandise Value will increase from US$2,396.5 billion in 2021 to reach US$3,997.5 billion by 2026.
  • Driven by the development of digital technologies and the rapidly expanding consumer market, the B2C e-commerce industry continues to grow significantly in China.
  • The Chinese B2C e-commerce market has a competitive landscape with a complex web of partners and competitors.

Aterian Announces Third Quarter 2022 Net Revenue Range; Resumes M&A Strategy

Retrieved on: 
Thursday, September 29, 2022

NEW YORK, Sept. 29, 2022 (GLOBE NEWSWIRE) -- Aterian, Inc. (Nasdaq: ATER) (“Aterian” or the “Company”) today announced that it is resuming its M&A strategy after its previously announced pause following the disruption of the global ecosystem due to the COVID-19 pandemic. The Company intends to purchase the assets of a brand in the health and wellness category. The Company believes that the acquisition will be accretive; expanding and securing market share in an existing portfolio brand’s category. The specific terms of the acquisition will not be disclosed.

Key Points: 
  • Aterian also announced today that the Companys third quarter 2022 net revenue is expected to fall in the range of $62.0 million to $66.0 million.
  • Mr. Sarig continued, As we discussed during the second quarter 2022 earnings call, we focused this quarter on selling through excess inventory and maintaining our product rankings in order to protect market share.
  • The Company will report its financial results for the period ending September 30, 2022 in its third quarter 2022 earnings call expected to be held in November 2022.
  • The most directly comparable financial measure presented in accordance with GAAP to EBITDA and Adjusted EBITDA is net loss.

Creator Economy Platform Koji Announces "Shopify Storefront" App

Retrieved on: 
Wednesday, September 28, 2022

SAN DIEGO, Sept. 28, 2022 /PRNewswire/ -- Koji, the world's most powerful Link in Bio platform and the leading app store for social media, today announced the launch of Shopify Storefront, a new app that lets creators import and sell their Shopify products inside of their Koji profile.

Key Points: 
  • SAN DIEGO, Sept. 28, 2022 /PRNewswire/ -- Koji, the world's most powerful Link in Bio platform and the leading app store for social media, today announced the launch of Shopify Storefront, a new app that lets creators import and sell their Shopify products inside of their Koji profile.
  • Shopify is an e-commerce platform that lets sellers build and customize an online storefront to sell their goods in multiple places.
  • With the Shopify Storefront app, creators input their Shopify store link and their API Access Key to import and start selling their merchandise through their Link in Bio profile.
  • Koji is the world's most powerful Link in Bio platform.

NetSuite Enhances Analytics Warehouse to Help Customers Maximize the Value of Data

Retrieved on: 
Wednesday, September 28, 2022

LAS VEGAS, Sept. 28, 2022 /PRNewswire/ -- SUITEWORLD 2022 -- To help organizations improve decision making and uncover new revenue streams, Oracle NetSuite today announced updates to NetSuite Analytics Warehouse – the  first and only prebuilt data warehouse and analytics solution for NetSuite customers. The latest enhancements enable customers to simplify data management, accelerate time to insights and provide access to more pre-built third-party data integrations and industry specific content. In addition to North America, NetSuite Analytics Warehouse is now available to customers via data centers in Australia and the United Kingdom and will be available later this year to customers via the data center in Germany. 

Key Points: 
  • "NetSuite Analytics Warehouse meets that need by enabling our customers to combine NetSuite data quickly and easily with external data sources to improve data management and analytics.
  • Built on Oracle Analytics Cloud and Oracle Autonomous Database for analytics and data warehousing (ADW), NetSuite Analytics Warehouse is a prebuilt, cloud-based data warehouse and business intelligence tool that replaces legacy and siloed systems.
  • It does this by consolidating and centralizing access to business data, including NetSuite transactional and historical data and data from other cloud or on-premise applications.
  • The latest updates to NetSuite Analytics Warehouse enable customers to:
    Simplify Data Management: A new Custom Attribute Mapping Editor simplifies the transfer of custom data.

Gong Named a Top Startup For Second Straight Year By LinkedIn

Retrieved on: 
Wednesday, September 28, 2022

PALO ALTO, Calif., Sept. 28, 2022 /PRNewswire/ -- Gong, the Reality Platform™ leveraging artificial intelligence to transform go-to-market teams, has been named a top U.S. startup for the second year in a row by LinkedIn. Gong placed #2 on the 2022 LinkedIn Top Startups List in the United States, showcasing the top 50 emerging companies based on unique LinkedIn data and the activity of its members.

Key Points: 
  • Startups List Recognizes Innovative Companies Attracting Investment, Employees, and Attention
    PALO ALTO, Calif., Sept. 28, 2022 /PRNewswire/ --Gong, the Reality Platform leveraging artificial intelligence to transform go-to-market teams, has been named a top U.S. startup for the second year in a row by LinkedIn.
  • Gong placed #2 on the 2022 LinkedIn Top Startups List in the United States, showcasing the top 50 emerging companies based on unique LinkedIn data and the activity of its members.
  • "Gong has built a culture of belonging, where employees feel valued, empowered, and included," said Gong Chief People Officer Sandi Kochhar.
  • We're very proud of the LinkedIn recognition and the incredible buzz and engagement our brand continues to generate on LinkedIn."

Studio McGee Makes Life Beautiful for Customers with NetSuite

Retrieved on: 
Wednesday, September 28, 2022

LAS VEGAS, Sept 28, 2022 /PRNewswire/ -- SUITEWORLD 2022 -- Studio McGee, Inc., one of the premier innovators in the interior design industry, is working with Oracle NetSuite to help scale its business to meet soaring customer demand for homewares. With NetSuite, Studio McGee has been able to take advantage of an integrated business system to improve the speed and accuracy of its finance processes and business operations, move into a massive new fulfillment center, and explore international expansion.

Key Points: 
  • Studio McGee was launched in 2014 by Shea and Syd McGee after they built a loyal Instagram following by sharing their home renovation.
  • To support its growing operations and fulfill rising customer demand, Studio McGee needed a new enterprise resource planning (ERP) system .
  • After careful evaluation, Studio McGee centralized its business on NetSuite to improve visibility across its growing organization and enhance decision making.
  • Studio McGee will combine its NetSuite and Shopify data in NetSuite Analytics Warehouse and will also add data from Google Analytics and other systems.

Thread Redesigns Functional Fashion with NetSuite

Retrieved on: 
Wednesday, September 28, 2022

LAS VEGAS, Sept. 28, 2022 /PRNewswire/ -- SUITEWORLD 2022 -- Thread, a producer of functional, stylish, and slim wallets, bags and accessories, is working with Oracle NetSuite to advance its mission of offering products that allow customers to do what they love and to look good doing it. With NetSuite and NetSuite Analytics Warehouse, Thread has been able to take advantage of an integrated business system and advanced analytics. NetSuite is helping Thread harness data from new sales channels, retail locations, and product lines to help scale its business as it introduces new products to meet growing customer demand.

Key Points: 
  • With NetSuite and NetSuite Analytics Warehouse , Thread has been able to take advantage of an integrated business systemand advanced analytics.
  • To support its expanding operations, Thread needed an enterprise resource planning system (ERP) and after careful evaluation, it selected NetSuite .
  • With NetSuite, Thread has consolidated, automated, and scaled its supply chain, sales, and financial processes on a single cloud business system.
  • "With NetSuite, Thread has dramatically increased the value of its data and used it to inform all aspects of its business strategy.

To Meet Retailer Demand, SourceKnowledge Expands Influencer Network

Retrieved on: 
Wednesday, September 28, 2022

With SourceKnowledge Influencer Network, retailers are able to seamlessly add nano- and micro-influencers to their media mix with goal-based parameters.

Key Points: 
  • With SourceKnowledge Influencer Network, retailers are able to seamlessly add nano- and micro-influencers to their media mix with goal-based parameters.
  • Since joining the SourceKnowledge Influencer Network, MyDealAddiction has worked with retailers such as Wine.com, Wayfair, Chewy, Michael Kors, Macys, Womanizer and more.
  • Michelle St. Pierre of MyDealAddiction said, I love being a part of the SourceKnowledge Influencer Network.
  • To deliver on the growing demand from retailers, SourceKnowledge has opened their Influencer Network to accept new, qualified and deal-centric influencers.

FirePower Capital spins out Spearhead Corporate Development, a human-first, tech-driven buy-side advisory service, and backs it with an initial US$3.2 million investment

Retrieved on: 
Wednesday, September 28, 2022

FirePower Capital (FirePower), an M&A advisor, lender and investor to mid-market companies, today announced the spin-out of its specialized buy-side advisory service under the Spearhead Corporate Development (Spearhead) name.

Key Points: 
  • FirePower Capital (FirePower), an M&A advisor, lender and investor to mid-market companies, today announced the spin-out of its specialized buy-side advisory service under the Spearhead Corporate Development (Spearhead) name.
  • Spearhead builds M&A deal funnels at scale, providing both research, outreach, and advisory.
  • In effect, it helps its clients close more deals by becoming an extension of their corporate development function.
  • It is a member of Mergers Alliance, a global network of 18 M&A advisory firms with offices in 30 countries.