Aeries Technology Reports Results for Second Fiscal Quarter 2025

Core Insights - Aeries Technology reported a 13.3% year-over-year increase in North America revenue, indicating strong growth potential in its core market [2][3] - The company is refocusing on its core business, primarily targeting US-based, long-tenure, high-quality private equity-backed portfolio companies, which have provided a consistent revenue base [2][11] - Financial results for the second fiscal quarter of 2025 showed total revenues of $16.9 million, a decrease of 4$17.6 million in the same quarter of 2024 [3][19] Financial Performance - North America revenue for the second fiscal quarter 2025 was $15.7 million, up 13$13.9 million in the same quarter of 2024 [3][23] - The company reported an operating loss of $(4.1) million for the second fiscal quarter 2025, down from an income of$1.5 million in the same quarter of 2024 [4][19] - Net loss for the second fiscal quarter 2025 was $(2.3) million, compared to a net income of$0.9 million in the same quarter of 2024 [4][19] Adjusted Metrics - Adjusted EBITDA for the second fiscal quarter 2025 was negative $(2.3) million, a decline from$3.0 million in the same quarter of 2024 [4][12] - Core Adjusted EBITDA for the second fiscal quarter 2025 was $0.2 million, down 82$1.0 million in the same quarter of 2024 [5][12] Revenue Breakdown - Total revenue for the second fiscal quarter 2025 was $16.9 million, with North America contributing$15.7 million and Asia Pacific and Other regions contributing $1.1 million [3][23] - For the six months ended September 30, 2024, total revenue was$33.5 million, slightly down from $33.9 million in the same period of 2023 [23]