Aeries Technology, Inc. Reports Results for Third Fiscal Quarter 2025

Core Insights - Aeries Technology, Inc. reported a revenue of $17.6 million for the third fiscal quarter of 2025, a decrease of 6.8$18.9 million in the same quarter of 2024 [3] - The company achieved a net profit of $2.0 million in the third fiscal quarter of 2025, a significant improvement from a net loss of$16.3 million in the same period of 2024 [4] - Core adjusted EBITDA for the third fiscal quarter of 2025 was $1.5 million, compared to a slight loss of$0.02 million in the same quarter of 2024 [4] Financial Performance - Revenues for the third fiscal quarter of 2025 were $17.6 million, down from$18.9 million in the third fiscal quarter of 2024 [3] - Income from operations for the third fiscal quarter of 2025 was a loss of $5.2 million, compared to a profit of$0.7 million in the same quarter of 2024 [3] - Adjusted EBITDA for the third fiscal quarter of 2025 was a loss of $2.0 million, compared to a profit of$2.4 million in the same quarter of 2024 [4] Strategic Outlook - The company is focused on serving high-quality, long-standing U.S. clients through Global Capability Centers, aiming for profitable growth in cash flow and Adjusted EBITDA [2] - Aeries Technology is reiterating its guidance for fiscal year 2025 and introducing an outlook for fiscal year 2026, expecting revenues between $74 million and$80 million and Adjusted EBITDA between $6 million and$8 million [5] - The company plans to focus on its core business, which includes GCC services provided to private equity-backed companies in North America, and does not intend to enter new customer contracts outside North America [10] Revenue Breakdown - For the three months ended December 31, 2024, North America generated $16.4 million in revenue, compared to$14.5 million in the same period of 2023 [25] - The Asia Pacific and Other regions contributed $1.2 million in revenue for the same period, down from$4.4 million in the previous year [25]