Aeries Technology Reports Q2 Revenue Growth and Increased Net Income
Aeries Technology (AERT) has released its second-quarter financial results, highlighting a significant increase in profitability. The company reported quarterly revenue of $18.1 million, while net income rose to $1.3 million, more than doubling the $0.6 million recorded during the same period last year. Despite the growth in bottom-line net income, adjusted EBITDA saw a decline to $2.1 million from $2.6 million in the prior-year quarter. This resulted in a contraction of adjusted EBITDA margins, which fell to 11.6% compared to 14.7% in the previous year.
Tickers: $AERT
Topics: ebitda financial_results net_income revenue