Aeries Technology reports increase in revenue, but incurs net loss in first fiscal quarter.

From GlobeNewswire: 2024-10-15 16:35:00

Aeries Technology (Nasdaq: AERT) reported financial results for the fiscal quarter ending June 30, 2024. Revenues were $16.7 million, up 2% from the previous year. However, income from operations was $(16.4) million, with a net loss of $(15.3) million. Adjusted EBITDA was $0.4 million. A conference call will be held on October 16, 2024, to discuss results.

Aeries Technology, a global consulting partner, announced financial results with revenues of $16.7 million for the first fiscal quarter of 2025, a 2% increase from the previous year. Despite a net loss of $(15.3) million, the company remains focused on growth strategies to achieve profitability. A conference call is scheduled for October 16, 2024, to discuss these results.

Aeries Technology, a global professional services partner, revealed financial results for the fiscal quarter ended June 30, 2024. With revenues of $16.7 million, up 2%, the company experienced a net loss of $(15.3) million. Adjusted EBITDA was $0.4 million. A conference call is set for October 16, 2024, to further discuss the results.

Aeries Technology, a global professional services partner, announced financial results for the fiscal quarter ended June 30, 2024. Revenues reached $16.7 million, a 2% increase from the previous year, but the company incurred a net loss of $(15.3) million. Adjusted EBITDA stood at $0.4 million. A conference call is scheduled for October 16, 2024, to address these results.



Read more at GlobeNewswire:: Aeries Technology Reports Results for First Fiscal Quarter