Aeries Technology (NASDAQ:AERT) Announces Quarterly Earnings Results

Aeries Technology (NASDAQ:AERT) posted its earnings results on Thursday. The company reported $0.20 EPS for the quarter, Zacks reports. The firm had revenue of $18.15 million during the quarter. Aeries Technology had a net margin of 3.68% and a negative return on equity of 114.69%.

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

• Second-quarter revenue increased 4.5% year over year to $18.1 million, and net income rose to $1.3 million from $0.6 million.
• Profitability weakened in the quarter: gross margin fell to 22.4% from 28.9%, operating income declined to $0.9 million from $2.0 million, and adjusted EBITDA decreased to $2.1 million from $2.6 million.
• First-half operating cash flow nearly doubled year over year to $4.7 million. First-half revenue rose 23% to $40.1 million, though it included a previously disclosed $2.7 million customer buyout.
• Aeries introduced AxAI, an agentic AI offering that complements its AeriesOne platform; executives said they will develop the offerings in line with client needs and business priorities.
• The company reaffirmed fiscal 2027 guidance of $80 million–$84 million in revenue and $10 million–$12 million in adjusted EBITDA.

Aeries Technology Stock Down 26.7%

Shares of AERT opened at $4.09 on Friday. The firm has a 50-day moving average price of $6.48 and a 200 day moving average price of $5.51. The firm has a market capitalization of $21.47 million, a PE ratio of 12.98 and a beta of 0.67. Aeries Technology has a 52-week low of $2.08 and a 52-week high of $7.96.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Aeries Technology from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 2nd. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

About Aeries Technology

Aeries Technology, Inc. (NASDAQ: AERT) is a global professional services and consulting company that helps businesses and investment firms manage transformation, transition, and growth initiatives. The company provides technology-enabled solutions designed to support clients’ operational, financial, and strategic needs. Its services include finance and accounting, tax and audit support, technology consulting, digital transformation, data and analytics, and managed services. Aeries Technology also offers talent and staffing solutions, helping clients access specialized professionals and scalable teams for business operations and technology projects.