### Financial Metrics Analysis
Revenue: $16.87M
- YoY Change: -10.71%
- QoQ Change: +1.24%
The decrease in revenue year-on-year underscores the need for Aeries to innovate and respond to market challenges.
Gross Profit: $3.58M
- YoY Change: -40.87%
- QoQ Change: -10.85%
The drop in gross profit reflects lower margins caused by pricing pressures and higher operational costs.
Operating Income: -$4.09M
- YoY Change: -658.66%
- QoQ Change: +75.06%
Despite sequential quarter improvement, the company's operations remain unprofitable, demanding immediate attention to cost structure.
Net Income: -$2.19M
- YoY Change: +86.66%
- QoQ Change: +85.22%
This represents a significant qualitative step forward despite remaining in the red, highlighting the efficacy of cost-containment strategies in the face of revenue challenges.
EPS: -$0.0494
- YoY Change: +95.38%
- QoQ Change: +87.33%
Improvement in EPS although still negative, provides a glimmer of hope that profitability could be around the corner if trends improve.
The current ratio stands at 0.751, illustrating liquidity pressures that must be managed carefully. Cash at the end of the period registered at $3.63 million, down from previous quarters, accentuating the urgent need to bolster cash reserves in the coming periods.