Recent Updates — AERT
Aeries Technology reported Q1 FY2027 results with revenue increasing 43% year-over-year to $21.9 million, driven by a $2.7 million customer buyout recognized as revenue. Income from operations rose more than fourfold to $3.4 million, while net income reached $2.2 million and operating cash flow increased threefold to $4.8 million. The company reaffirmed its full-year FY2027 guidance of $80 million to $84 million in revenue and $10 million to $12 million in Adjusted EBITDA. Additionally, Aeries repurchased more than 10% of its outstanding common stock and completed a previously announced 1-for-8 share consolidation during the quarter. The company operates in the AI transformation and enterprise operations solutions industry.
Aeries Technology, Inc. implemented a 1-for-8 reverse stock split of its Class A ordinary shares effective June 12, 2026. This consolidation reduced the outstanding shares from approximately 45,914,789 to 5,739,349 and adjusted the authorized shares from 500,000,000 to 62,500,000. Concurrently, the company issued a notice to warrant holders adjusting the warrants to represent 1/8th of a Class A ordinary share each, with the exercise price increased eight-fold to $92.00 per share. The company's ticker symbol remains AERT. Aeries Technology, Inc. is a technology company.
Aeries Technology, Inc. has announced a one-for-eight share consolidation of its Class A ordinary shares to increase the per-share trading price and maintain Nasdaq Capital Market listing compliance. The consolidation will become effective at 12:01 a.m. ET on June 12, 2026, reducing the number of issued and outstanding shares from approximately 45,914,789 to approximately 5,739,349. Aeries Technology, Inc. is a technology company that provides advanced semiconductor-based solutions for high-performance computing and high-speed connectivity.
Aeries Technology, Inc. issued a press release on June 8, 2026, reporting its financial results for the fiscal year ended March 31, 2026. The company also filed its Annual Report on Form 10-K for the same period.