Aeries Technology (NASDAQ:AERT) Releases Earnings Results

Aeries Technology (NASDAQ:AERT) issued its earnings results on Monday. The company reported $0.27 EPS for the quarter, FiscalAI reports. Aeries Technology had a negative return on equity of 117.41% and a net margin of 3.68%.The business had revenue of $21.92 million during the quarter.

Here are the key takeaways from Aeries Technology’s conference call:

• Q1 revenue rose 43% year over year to $21.9 million, while operating income increased to $3.4 million from $0.8 million and net income reached $2.2 million.
• Operating cash flow increased to $4.8 million, marking the company’s sixth consecutive quarter of positive operating cash flow; Aeries also repurchased more than 10% of its outstanding common shares.
• Gross margin improved to 29.2% and SG&A remained essentially flat at $3 million despite strong growth, highlighting improving operating leverage.
• Aeries launched AxAI, an agentic AI offering designed to complement its AeriesOne platform and help clients move AI projects from experimentation into enterprise-scale deployment and managed operations.
• Management reaffirmed fiscal 2027 guidance for revenue of $80 million–$84 million and adjusted EBITDA of $10 million–$12 million, while noting that the previously disclosed customer buyout contributed $2.7 million to quarterly revenue and profitability.

Aeries Technology Stock Down 2.6%

NASDAQ:AERT opened at $6.88 on Wednesday. Aeries Technology has a 12-month low of $2.08 and a 12-month high of $11.60. The firm has a market capitalization of $39.46 million, a P/E ratio of 15.99 and a beta of 0.63. The stock’s fifty day simple moving average is $6.64 and its 200-day simple moving average is $4.98.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Aeries Technology from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

Institutional Investors Weigh In On Aeries Technology

An institutional investor recently bought a new stake in Aeries Technology stock. Virtu Financial LLC bought a new position in shares of Aeries Technology, Inc. (NASDAQ:AERT) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 49,890 shares of the company’s stock, valued at approximately $33,000. Virtu Financial LLC owned about 0.11% of Aeries Technology at the end of the most recent quarter. 99.15% of the stock is owned by institutional investors and hedge funds.

Aeries Technology Company Profile

Aeries Technology, Inc operates as a professional services and consulting partner in the North America, Asia Pacific, and internationally. The company offers management consultancy services for private equity sponsors and their portfolio companies, including software solutions, product management, IT infrastructure, information and cyber security, ERP and CRM platform management, business process management, and digital transformation services. The company was founded in 2012 and is headquartered in Singapore.