Revenue & Profitability: Aeries Technology reported revenue of $16.67 million in Q1 2025, which is a 15.41% decrease from Q4 2024 and an alarming decrease of 873.88% year-over-year. The gross profit ratio dropped to 24.06%, while operating income turned negative at -$16.42 million, indicative of operational inefficiencies.
Margins: The operating profit margin spiked down to -98.52% due to a significant rise in selling, general, and administrative expenses (SG&A) totaling $20.43 million. The net income margin fell significantly to -88.92%, compounded by interest and operational costs.
Balance Sheet: Aeries demonstrates a precarious balance sheet with total assets of $51.77 million against total liabilities of $50.85 million, yielding minimal shareholder equity of -$231,000. A current ratio of 0.87 indicates liquidity issues, relevant in an environment where short-term obligations are mustering pressure.