Core Insights - Aeries Technology has announced a strategic partnership with Victory Live to establish a Global Capability Center (GCC) in Hyderabad, India, aimed at enhancing technology and operational efficiencies in the ticketing industry [1][2][3] Company Overview - Aeries Technology, founded in 2012, specializes in professional services and consulting for businesses undergoing transformation, with over 1,600 professionals focused on Technology Services, Business Process Management, and Digital Transformation [4] Strategic Partnership - The partnership with Victory Live is designed to leverage global technology talent and optimize operational efficiencies, setting new standards in the ticketing industry through collaboration and innovation [2] - The GCC in Hyderabad will focus on building a team of engineers specializing in Data Analytics and Integrations, reinforcing Aeries' commitment to innovation [1][3] Operational Goals - The GCC aims to consolidate Victory Live's global talent, enhance collaboration, and achieve significant cost savings, thereby creating a streamlined approach to innovation and development [2] - This initiative is seen as a pivotal move for both companies to revolutionize the ticketing industry and set industry benchmarks [3]

As filed with the Securities and Exchange Commission on May 3, 2024 No. 333-276173 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 5 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Aeries Technology, Inc. (Exact name of registrant as specified in its charter) Cayman Islands 001-40920 98-1587626 (State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification No.) 60 Paya Lebar Road, #08-13 Paya Lebar Square Si ...

Group 1 - Aeries Technology, Inc. has entered into a Subscription Agreement totaling $5 million at a purchase price of $2.21 per share in a private placement [1] - The CEO of Aeries, Sudhir Panikassery, emphasized that this investment is a significant step for the company's growth strategy and expressed gratitude for the support from the new PIPE investor [1] - Norton Rose Fulbright represented Aeries Technology in this transaction [1] Group 2 - Aeries Technology is a global professional services and consulting partner, focusing on businesses in transformation mode, including private equity sponsors and their portfolio companies [2] - The company was founded in 2012 and currently employs over 1,600 professionals specializing in Technology Services and Solutions, Business Process Management, and Digital Transformation initiatives [2] - Aeries Technology has received the Great Place to Work Certification for its approach to staffing and workforce development [2]

As filed with the Securities and Exchange Commission on March 15, 2024 No. 333-276173 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 4 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Aeries Technology, Inc. (Exact name of registrant as specified in its charter) Cayman Islands 001-40920 98-1587626 (Commission File Number) (I.R.S. Employer Identification No.) 60 Paya Lebar Road, #08-13 Paya Lebar Square Singapore 409051 Telephone: (919) 228-6404 (State or other jur ...

As filed with the Securities and Exchange Commission on March 15, 2024 No. 333-276173 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 4 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Aeries Technology, Inc. (Exact name of registrant as specified in its charter) Cayman Islands 001-40920 98-1587626 (State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification No.) 60 Paya Lebar Road, #08-13 Paya Lebar Square ...

As filed with the Securities and Exchange Commission on February 26, 2024 No. 333-276173 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 3 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Aeries Technology, Inc. (Exact name of registrant as specified in its charter) Cayman Islands 001-40920 98-1587626 (State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification No.) 60 Paya Lebar Road, #08-13 Paya Lebar Squ ...

Financial Data and Key Metrics Changes - For Q3 2024, the company's revenue was $18.9 million, representing a 49% year-over-year growth, driven by new client acquisitions [5][13] - Year-to-date revenue for the first three quarters was $52.8 million, reflecting a 39% increase compared to the same period last year [6][13] - Adjusted EBITDA for Q3 2024 was $2.4 million, showing a decrease of less than 1% year-over-year, which was in line with expectations [16] - The company reported a GAAP net loss of $16.4 million for Q3 2024, compared to a net loss of $270,000 in the same period of 2023 [16] Business Line Data and Key Metrics Changes - The gross profit for Q3 was $6 million, a 161% increase year-over-year, resulting in a gross margin of approximately 32%, up from 18% in the same period last year [14] - The revenue mix has shifted towards higher-margin services such as digital transformation, AI, and analytics, positively impacting gross margins [14] Market Data and Key Metrics Changes - North America accounted for approximately 77% of the company's revenue in the quarter and fiscal year-to-date [7] - The company opened a new center of excellence in Mexico to better serve North American customers, indicating a strategic focus on near-shoring [7][8] Company Strategy and Development Direction - The company is executing a growth strategy focused on acquiring new clients and expanding services in digital transformation and AI [5][11] - A dual-shoring strategy is being implemented, combining near-shoring in Mexico with existing operations in India to enhance service delivery and reduce costs [8] - The company is also evaluating acquisition targets to drive inorganic growth [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing momentum in new client acquisition and the expected revenue growth of 40% to 54% in calendar year 2024 compared to 2023 [11][16] - The management highlighted a positive trend in client retention and the availability of talent, indicating an easier labor market compared to previous years [31] Other Important Information - SG&A expenses for Q3 were $5.3 million, a 162% increase year-over-year, primarily due to legal and professional services related to the company's transition to a public entity [15][16] - The company expects total revenue for calendar year 2024 to be between $95 million and $105 million, with adjusted EBITDA projected between $16 million and $20 million [16] Q&A Session Summary Question: How many clients were added in calendar 2023 and what is the revenue mix? - The company added about 10 new clients in 2023, marking its best year for new client acquisitions, with expectations for continued acceleration in 2024 [22] Question: What is the anticipated shift in revenue towards digital and consulting services? - Management noted a clear shift towards digital transformation offerings, which is reflected in higher gross margins [24] Question: How does the company view AI as an opportunity or threat? - AI is seen as a productivity and business enhancement tool, with opportunities expanding in high-value areas like technology and analytics [26] Question: What is the current labor market situation and talent retention? - Retention has improved to about 4%, and the market for talent is becoming easier compared to two years ago [31] Question: What are the plans for sales investment? - The company is investing in its sales team to accelerate growth, particularly in private equity relationships and mid-sized U.S. companies [34][36]

Financial Performance - Revenues for the third fiscal quarter of 2024 were $18.9 million, up 49% compared to $12.7 million for the same period in 2023[2] - Income from operations for the third fiscal quarter of 2024 was $0.7 million, up 150% from $0.3 million in the third fiscal quarter of 2023[3] - Net loss for the third fiscal quarter of 2024 was $(16.3) million, compared to $(0.3) million for the same period in 2023, including a $16.4 million non-cash charge related to Forward Purchase Agreements[3] - Adjusted EBITDA for the third fiscal quarter of 2024 was $2.4 million, consistent with $2.4 million for the same period in 2023[4] - Gross profit for the third fiscal quarter of 2024 was $6.0 million, with a gross margin of 32%, compared to a gross margin of 18% in the same quarter of 2023[15] - Operating margin for the third fiscal quarter of 2024 was 4%, up from 2% in the same quarter of 2023[15] Future Guidance - The company is guiding for 2024 revenues between $95 million and $105 million, and adjusted EBITDA between $16 million and $20 million[5] Cash Position - Cash at the end of the period was $6.5 million, up from $1.6 million at the end of the same period in 2022[19] - The company reported a net cash provided by financing activities of $6.5 million for the nine months ended December 31, 2023[19] Workforce - Aeries Technology has over 1,600 professionals specializing in various services aimed at driving business success[8]

Company Overview - Aeries Technology (Nasdaq: AERT) is a global professional services and consulting partner focused on businesses in transformation mode, providing customized engagement models to optimize and transform business operations [2] - Founded in 2012, the company has over 1,600 professionals specializing in Technology Services and Solutions, Business Process Management, and Digital Transformation initiatives [2] - Aeries Technology has received the Great Place to Work Certification due to its unique approach to staffing and workforce development [2] Upcoming Financial Results - Aeries Technology will host a conference call to discuss their financial results on February 22, 2024, at 8:00 AM ET [1] - The call will be accessible via telephone and live webcast on the company's investor relations website [1] - A replay of the conference call will be available until February 29, 2024, with specific access codes provided [1]

Company Overview - Aeries Technology (Nasdaq: AERT) is a global professional services and consulting partner focused on businesses in transformation mode, providing customized engagement models to optimize and transform business operations [2] - Founded in 2012, the company has over 1,600 professionals specializing in Technology Services and Solutions, Business Process Management, and Digital Transformation initiatives [2] - Aeries Technology has received the Great Place to Work Certification due to its unique approach to staffing and workforce development [2] Upcoming Financial Results - Aeries Technology will host a conference call to discuss its financial results on February 22, 2024, at 8:00 AM ET [1] - The call will be accessible via telephone and live webcast on the company's investor relations website [1] - A replay of the conference call will be available until February 29, 2024, with specific access codes provided for both domestic and international callers [1]