Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Aeries Technology (AERT)
NASDAQ:AERT
Holding AERT?
Track your performance easily
Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 19, 2024
|% Change Since: -30.81%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a challenging quarter with revenue declines and increased expenses leading to losses. However, the company is focusing on its core North American business, cutting costs, and projecting future growth, indicating efforts to recover and strengthen its financial position.Company Guidance
During Aeries Technology's fiscal second quarter earnings call for 2025, the company reported revenues of $16.8 million, down 4% from the previous year, with gross profit at $3.6 million and a gross margin of 21.2%. North America revenue increased by 13.3% to $15.7 million, comprising approximately 93% of total revenue. The company is focusing on its core business in the North American Global Capability Center (GCC) market, exiting noncore markets like the Middle East due to slower collection cycles and credit losses. Despite a GAAP net loss of $2.3 million, Aeries anticipates improved results in the third and fourth quarters, with expected fiscal 2025 revenue ranging from $71 million to $73 million and core adjusted EBITDA between $6 million and $7 million. Cost-cutting measures have reduced annual expenses by over $4 million, including executive pay cuts, to enhance profitability and focus on organic growth.North America Revenue Growth
North America revenue increased by 13.3% year-over-year to $15.7 million, highlighting the strength and focus on the core North American GCC market.
Cost Reduction Efforts
The company cut over $4 million in annualized expenses through headcount reduction and cost control measures, aiming to enhance profitability.
Positive Future Projections
The company expects sequential improvement in the third and fourth quarters of fiscal 2025, with revenue projected between $71 million to $73 million and core adjusted EBITDA expected to range from $6 million to $7 million.
Focus on Core Business
The decision to focus solely on the North America PE-backed portfolio business is expected to yield higher-quality results and better customer retention.
---
AERT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
AERT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 19, 2024 | $1.16 | $1.24 | +6.90% |
| Oct 16, 2024 | $1.93 | $1.92 | -0.52% |
| Sep 30, 2024 | $2.30 | $2.20 | -4.35% |
| Feb 21, 2024 | $2.58 | $2.59 | +0.39% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Aeries Technology (AERT) report earnings?
Aeries Technology (AERT) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Aeries Technology (AERT) earnings time?
Aeries Technology (AERT) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AERT EPS forecast?
Currently, no data Available
---