Aeries Earnings Reports

Aeries delivered its strongest Q1 in company history with $15.3 million in revenue, $1.7 million in net income, and a $17 million YoY improvement. Operating income turned positive at $0.8 million. The company's disciplined focus on core AI-led GCC services and cost reductions led to profitability and cash generation.

Aeries Technology posted a Q4 net loss of $6 million on revenue of $19 million. The company saw strong performance in North America but overall adjusted EBITDA remained negative.

Aeries Technology, Inc. reported a net income of $2,048,000 for the three months ended December 31, 2024, a significant improvement from a net loss in the prior year. However, revenue decreased by 7% to $17,607,000, and gross profit saw a substantial 33% decline. The company's financial condition is impacted by a working capital deficit and obligations under forward purchase agreements, raising substantial doubt about its ability to continue as a going concern.

Aeries Technology reported revenues of $18.9 million, a 49% increase compared to the same quarter last year. The company's income from operations increased by 150% to $0.7 million. However, the company reported a net loss of $16.3 million due to a $16.4 million non-cash charge related to Forward Purchase Agreements.