In the third fiscal quarter of 2025, Aeries Technology Inc witnessed a mixed performance, reflecting both challenges and opportunities as the company navigated its transformation strategy under new leadership. Total revenues decreased by approximately 6.8% year-over-year to $17.6 million, although North American revenues alone rose by 13.1%, indicating a successful shift in focus towards core markets that now comprise 93% of revenue. Meanwhile, net income improved substantially from a loss of $16.3 million in the previous year to a profit of $2 million this quarter, signaling both operational tightening and effective cost management efforts. However, operating losses remained significant at $5.2 million, demonstrating the need for continued cost optimization as the company aims to achieve cash flow positivity soon.