other material
confidence high
sentiment neutral
materiality 0.60
AARK posts $33.9M revenue, $1.42M net income for H1 FY2024; exec comp detailed
Aeries Technology, Inc.
- AARK (acquired entity) reports revenues of $33.9M for six months ended Sep 30, 2023, up from $25.3M YoY.
- Net income attributable to AARK stockholders was $1.24M; total net income $1.42M.
- Beneficial ownership table shows Innovo Consultancy DMCC holds 37.0% Class A shares; Class V shareholder has 26% voting power.
- Employment agreements: Daniel Webb ($400K salary, 1M shares+200K options/yr) and Narayan Shetkar ($300K salary, 350K options).