Financial Performance - Aeries Technology reported revenues of $70.2 million for fiscal year 2025, a decrease of 3.2% compared to $72.5 million in fiscal year 2024[4] - The company achieved a Core Adjusted EBITDA of $7.4 million, representing a 365% increase from $1.6 million in fiscal year 2024[6] - Aeries experienced a net loss of $21.6 million in fiscal year 2025, compared to a net income of $17.3 million in fiscal year 2024[5] - Adjusted EBITDA for fiscal year 2025 was $(4.7) million, down from $9.2 million in fiscal year 2024[6] - Aeries' gross profit margin decreased to 24% in fiscal year 2025, down from 30% in fiscal year 2024[16] - Selling, general, and administrative expenses surged by 144% to $45.5 million in fiscal year 2025, compared to $18.7 million in fiscal year 2024[16] Revenue Guidance - Aeries has reiterated its revenue guidance for fiscal year 2026, projecting revenues between $74 million and $80 million[7] - The company aims for the majority of its revenue to come from its core business, which includes GCC services for private equity-backed companies in North America[11] Cash Flow and Assets - Cash and cash equivalents increased by 33% to $2,764 million from $2,084 million year-over-year[22] - Net cash used in operating activities decreased by 77% to $(1,009) million compared to $(4,299) million in the previous year[22] - Total current assets decreased by 35% to $21,327 million from $32,836 million year-over-year[24] - Accounts receivable decreased significantly by 54% to $10,982 million from $23,757 million[24] - Total assets decreased by 19% to $39,833 million from $49,407 million[24] Liabilities and Shareholders' Equity - Total liabilities decreased by 9% to $45,937 million from $50,587 million[24] - Shareholders' deficit improved to $(6,062) million from $(1,914) million year-over-year[24] Future Reporting Changes - The company plans to discontinue reporting Core Adjusted EBITDA as a financial metric starting in FY2026, focusing instead on Adjusted EBITDA and GAAP results[2] Operating Assets - Operating right-of-use assets increased by 31% to $9,602 million from $7,318 million[24] - Deferred tax assets increased by 110% to $4,064 million from $1,933 million[24] North American Revenue - North American revenue grew by 15% year-over-year, reaching $65.5 million[3]
WORLDWIDE WEBB(WWAC) - 2025 Q2 - Quarterly Results