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Dec 31, 2023
Aeries Q3 2023 Earnings Report
Reported strong topline results driven by new customer adoption and a differentiated engagement model.
Key Takeaways
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.
Revenues for Q3 2024 were $18.9 million, a 49% increase year-over-year.
Income from operations increased by 150% to $0.7 million.
Net loss was $(16.3) million, including a $16.4 million non-cash charge.
Adjusted EBITDA remained flat at $2.4 million compared to the same period last year.
Forward Guidance
The Company is reiterating its previously stated guidance for calendar year 2024. The Company previously provided a reconciliation of its guidance for adjusted EBITDA to its most directly comparable GAAP measure and the Company hereby withdraws that reconciliation and any associated guidance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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