Aeries Technology reports Q2 FY2024 revenue up 38% to $17.6M; net income turns positive

Aeries Technology, Inc.

Q2 FY2024 revenue $17.6M (+38% YoY); net income $926K vs $222K loss; adj. EBITDA $2.9M (+107%).
H1 FY2024 revenue $33.9M (+34%); net income $1.4M (+27%); adj. EBITDA $5.8M (+71%).
Income from operations $1.5M in Q2 vs loss $0.4M; operating margin improved to 8% from -3%.
New CFO Rajeev Nair and CIO Daniel Webb appointed in November 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Aeries Technology, Inc. reported first fiscal half 2024 results: revenue $33.9 million, net income $1.4 million.

Period: first fiscal half 2024
Revenue: $33.9 million
Net income: $1.4 million
Result: preliminary results

Exact text from the filing

Revenues for the first half of fiscal year 2024 was $33.9 million, up 34% compared to $25.3 million for the first half of fiscal year 2023.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Aeries Technology, Inc. reported second fiscal quarter 2024 results: revenue $17.6 million, net income $926 thousand.

Period: second fiscal quarter 2024
Revenue: $17.6 million
Net income: $926 thousand
Result: preliminary results

Exact text from the filing

Revenues for the second fiscal quarter of 2024 were $17.6 million, up 38% year-over-year

View on SEC.gov

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Aeries Technology, Inc. filing history →

Source: SEC EDGAR

accession 0001829126-23-007737

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