**Aeries Technology, Inc. Reports Fiscal 2026 Results**
Aeries Technology, Inc. (AERT) reported a net income of $3.5 million for the fiscal year ending March 31, 2026, a significant recovery from a net loss of $21.6 million in fiscal 2025. The company also achieved earnings per share of 5 cents, compared to a loss of 49 cents the previous year. Revenue remained stable at $70 million, marginally down from $70.2 million in fiscal 2025.
Despite the positive earnings, AERT shares have declined by 15.6% following the report, underperforming the S&P 500’s 1.7% decline. Additionally, adjusted EBITDA reached $8.3 million, a marked improvement from a negative $4.7 million in the prior fiscal year. The company ended the year with over 40 clients and projected fiscal 2027 revenue between $80 million and $84 million.
**Key Operational Metrics**
Gross profit saw a 3% increase to $17.3 million, with a gross margin improvement to 25%. The company reduced selling, general, and administrative expenses by 72% to $12.8 million, contributing significantly to profitability. AERT experienced its fourth consecutive quarter of positive operating cash flow, totaling $6.8 million, while cash and cash equivalents rose by 77% year over year to $4.9 million.
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