Aeries Technology, Inc.
0.7496+0.03 (+4.08%)
Oct 29, 4:00:00 PM EDT · NasdaqCM · AERT · USD
Key Stats
Market Cap
36.25MP/E (TTM)
-Basic EPS (TTM)
-0.04Dividend Yield
0%Recent Filings
8-K
ATM share sales agreement
Aeries Technology inked a sales agreement with Roth Capital Partners on October 1, 2025, enabling at-the-market offerings of up to $4.485 million in Class A ordinary shares. The agent earns a 3.0% commission on sales, with reimbursements capped at $40,000 initially and $5,000 quarterly. No sales are guaranteed; it hinges on market conditions and capital needs. This flexible funding avenue bolsters liquidity without immediate dilution.
8-K
Settles FPA via share sales
Aeries Technology entered a letter agreement with Sandia on September 16, 2025, to settle a $3 million payment obligation under their forward purchase agreement by allowing Sandia to sell 1,232,893 held Class A shares at no less than $1.05 each through December 31, 2025, offsetting $343,777 in prior proceeds against the remaining $2.66 million liability. If proceeds fall short, Aeries will issue at least 500,000 additional shares valued at the higher of $1.00 or the 30-day VWAP, registerable for resale. This structured settlement avoids immediate cash outlay while tying dilution to share performance. Delisting would accelerate payment due.
8-K
Record Q1 profit turnaround
Aeries Technology swung to $1.7 million net income for Q1 FY2026 ended June 30, 2025, from a $15.3 million loss last year, fueled by $15.3 million revenue from AI-powered GCC services and SG&A expenses slashed over 85%. Operational tweaks, including exiting non-core units and tightening controls, flipped cash flow positive at $1.4 million. This leaner model positions Aeries for scalable growth. Yet risks like economic volatility loom.
10-Q
Q1 FY2026 results
Aeries Technology swung to profitability in Q1 FY2026, posting $15.3M revenue (down 8% y/y) and $0.8M operating income, a stark turnaround from last year's $16.4M loss, thanks to slashed SG&A from $20.4M to $3.0M after ditching stock-based comp. Gross margin edged up to 24.6%, buoyed by leaner employee costs amid client ramp-downs, while North America still drove 87% of sales. Cash dipped to $2.1M with $1.4M operating inflow, but a $10.6M working capital gap looms from $5.4M short-term debt and $3.8M FPA liabilities—settleable in cash or shares. Free cash flow not disclosed in the 10-Q. FPA cash calls could crimp liquidity.
8-K
Regains Nasdaq compliance
Aeries Technology regained Nasdaq compliance on July 17, 2025, after its stock closed at $1.00 or higher for 20 consecutive business days, closing the bid price deficiency matter without appeal. This stabilizes listing status, letting the company refocus on AI-driven transformation for private equity portfolios. Forward-looking plans hinge on execution amid market risks.
IPO
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