From GlobeNewswire: 2025-02-14 17:15:14

Aeries Technology, Inc. reported a 13.1% increase in North America revenue year-over-year for the third fiscal quarter of 2025. The company’s core adjusted EBITDA for the same period was $1.5 million, a significant improvement from ($0.02) million in 2024. Despite a decrease in total revenues to $17.6 million in the third quarter of 2025, Aeries remains optimistic about its future prospects. The company’s net income for the quarter was $2.0 million, compared to a net loss of $(16.3) million in 2024. Aeries Technology also provided financial outlook for fiscal year 2025, projecting revenues between $71 million and $73 million, with core adjusted EBITDA between $6 million and $7 million. Additionally, the company introduced its fiscal year 2026 outlook, with expected revenues between $74 million and $80 million and Adjusted EBITDA between $6 million to $8 million. A conference call to discuss these results will be held on February 18, 2025, at 8 AM ET. The company’s non-GAAP financial measures, including Adjusted EBITDA and Core Adjusted EBITDA, are key performance indicators used in evaluating operating performance and making financial decisions. Aeries Technology specializes in Global Capability Center solutions and has earned the Great Place to Work Certification for two consecutive years. Adjusted EBITDA and Core Adjusted EBITDA have limitations, including not reflecting cash expenditures, future capital requirements, working capital changes, interest expenses, income taxes, or stock-based compensation costs. Forward-looking statements in this release are subject to various risks and uncertainties, including market conditions and geopolitical events. Aeries Technology, Inc. reported total assets of $50,681 as of December 31, 2024, with current liabilities totaling $35,010. Shareholders’ equity stood at $618, with a total of 44,557,996 Class A ordinary shares issued and outstanding. The company operates in a competitive environment and is focused on maximizing shareholder value. Aeries Technology, Inc. reported a decrease in revenue for the three and nine months ended December 31, 2024 compared to the same periods in 2023. The company experienced a net loss for both periods, with the net loss attributable to shareholders totaling $13,958 for the nine months ended December 31, 2024. Cash flows from operating activities showed a net loss of $15,575 for the nine months ended December 31, 2024, with adjustments made for various expenses and gains. Financing activities resulted in a net increase in cash and cash equivalents of $302 for the period. Non-GAAP financial measures were also reconciled for the same periods.



Read more at GlobeNewswire: Aeries Technology, Inc. Reports Results for Third Fiscal