Aeries Technology Q3 FY2024 revenue up 49% to $18.9M; net loss $(16.3)M from SPAC-related charge

Aeries Technology, Inc.

2024-Q3 EPS reported -$1.08 revenue$52,805,000

Revenue $18.9M, up 49% YoY vs $12.7M.
Income from operations $0.7M, up 150% vs $0.3M.
Net loss $(16.3)M compared to $(0.3)M loss; includes $16.4M non-cash SPAC Forward Purchase Agreement charge.
Adjusted EBITDA $2.4M, flat vs prior year.
Reaffirmed FY2024 guidance: revenue $95–105M, adjusted EBITDA $16–20M.

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 quarter ended December 31, 2023 results: revenue $18.9 million, net income $(16.3) million. Guidance reaffirmed.

Period: quarter ended December 31, 2023
Revenue: $18.9 million
Net income: $(16.3) million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Aeries Technology Reports Results for Third Fiscal Quarter 2024 Revenues for the third fiscal quarter of 2024 were $18.9 million, up 49% compared with the same period in 2023

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Aeries Technology, Inc. filing history →

Source: SEC EDGAR

accession 0001829126-24-001051

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