NASDAQ$AERT
Aeries Technology Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported strong topline results driven by new customer adoption and a differentiated engagement model.
Aeries Technology reported revenues of $18.9 million, a 49% increase compared to the same quarter last year. The company's income from operations increased by 150% to $0.7 million. However, the company reported a net loss of $16.3 million due to a $16.4 million non-cash charge related to Forward Purchase Agreements.
- Revenues for Q3 2024 were $18.9 million, a 49% increase year-over-year.
- Income from operations increased by 150% to $0.7 million.
- Net loss was $(16.3) million, including a $16.4 million non-cash charge.
- Adjusted EBITDA remained flat at $2.4 million compared to the same period last year.
Headline financials
Revenue & EPS history
Aeries · Revenue · Quarterly
$18.9M
Forward guidance
The Company is reiterating its previously stated guidance for calendar year 2024. The Company previously provided a reconciliation of its guidance for adjusted EBITDA to its most directly comparable GAAP measure and the Company hereby withdraws that reconciliation and any associated guidance.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 14 quarterly earnings reports · overlaid with Q3 2023
-2.3%
Avg return
Earnings day
-5.9%
Avg return
5 days after
-14.2%
Avg return
30 days after
33%
5 / 15 earnings
Positive
+5.1%
Q3 2026
Best reaction
-15.1%
Q1 2026
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | +5.1% | +12.3% | -13.7% | |
| Q2 2025 | -4.8% | -7.3% | -10.2% | |
| Q2 2026 | -4.8% | -7.3% | -10.2% | |
| Q1 2026 | -15.1% | -23.2% | -44.9% | |
| Q4 2025 | +3.5% | -7.4% | -28.1% | |
| Q3 2025 | +0.5% | -8.9% | +16.9% | |
| Q2 2024 | -1.6% | -16.7% | -43.7% | |
| Q1 2025 | -7.7% | -14.4% | -43.1% | |
| Q4 2024 | -10.2% | -10.2% | -32.7% | |
| Q3 2023 | -0.4% | -5.8% | -5.4% | |
| Q4 2023 | -0.1% | -0.1% | -0.7% | |
| Q2 2022 | +0.0% | -0.3% | +0.6% | |
| Q1 2023 | +0.0% | +0.0% | +0.7% | |
| Q4 2022 | +0.5% | +0.2% | +0.8% | |
| Q3 2021 | +0.1% | +0.2% | +0.0% | |
| Q1 2021 | — | — | — |
Discussion
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