Core Insights - Aeries Technology reported financial results for the fiscal quarter ended June 30, 2024, indicating a focus on long-term growth strategies despite short-term losses [1][2]. Financial Performance - Revenues for the first fiscal quarter 2025 were 16.3 million in the same quarter of 2024 [2]. - Income from operations was 0.8 million in the first fiscal quarter of 2024 [2]. - The net loss for the first fiscal quarter 2025 was 0.5 million for the same period in 2024 [2]. - Adjusted EBITDA for the first fiscal quarter 2025 was 2.9 million in the first fiscal quarter of 2024 [2][11]. Operational Highlights - The company is implementing operational initiatives aimed at returning to high profitability while realigning costs to support growth [1]. - Aeries Technology has over 1,700 professionals specializing in various services, including Technology Services and Digital Transformation [4]. Conference Call Information - A conference call to discuss the financial results is scheduled for October 16, 2024, at 8:30 AM ET, accessible via telephone and webcast [3].
Aeries Technology Reports Results for First Fiscal Quarter 2025