GlobeNewswire·Nov 11, 2026, 7:54 AM ET

Aeries Technology Reports Second Quarter Fiscal 2027 Financial Results

Aeries Technology, Inc. reported second-quarter fiscal 2027 revenue of $18.1 million, a 4.5% year-over-year increase.
Net income for the second quarter rose to $1.3 million from $0.6 million in the prior-year quarter.
First-half fiscal 2027 revenue reached $40.1 million, up 23% year-over-year, including $2.7 million from a customer buyout.
First-half net income increased to $3.6 million, while Adjusted EBITDA grew 72% to $6.2 million with a margin of 15.4%.
Operating cash flow for the first half increased approximately 98% year-over-year to $4.7 million.
The company reaffirmed its fiscal year 2027 guidance of $80 million to $84 million in revenue & $10 million to $12 million in Adjusted EBITDA.
Management introduced AxAI, an agentic AI solution, in September 2026, alongside continued development of the AeriesOne platform.
Cash and cash equivalents decreased to $3.8 million as of September 30, 2026, from $4.9 million at the start of the period.
Total liabilities stood at $38.8 million, while shareholders' deficit improved to $1.6 million from $3.0 million in March 2026.