Aeries Technology ( (AERT) ) has released a notification of late filing.
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Aeries Technology, Inc. has announced a delay in filing its Form 10-K (Yearly Report) for the financial period ending March 31, 2025. The delay is primarily due to the need for additional time to review and finalize financial statements and disclosures, which could not be completed without unreasonable effort or expense. The company expects to file the report within a 15-day extension period as allowed under Rule 12b-25. Financially, Aeries Technology anticipates a significant operational loss of approximately $28.8 million for the year ended March 31, 2025, compared to an income of $3.0 million the previous year. This loss is attributed to increased selling, general, and administrative expenses, notably from stock-based compensation and bad debt expenses. Forward-looking statements in the report highlight potential risks and uncertainties. The notification was signed by Daniel S. Webb, Chief Investment Officer & Chief Financial Officer, indicating the company’s commitment to compliance.
Spark’s Take on AERT Stock
According to Spark, TipRanks’ AI Analyst, AERT is a Neutral.
Aeries Technology’s stock is moderately rated due to mixed financial performance, with strengths in strategic growth plans and revenue improvement offset by high leverage and cash flow challenges. Technical indicators show some positive momentum, but valuation concerns and operational inefficiencies remain significant risks.
To see Spark’s full report on AERT stock, click here.
More about Aeries Technology
Average Trading Volume: 135,935
Technical Sentiment Signal: Sell
Current Market Cap: $45.89M
For detailed information about AERT stock, go to TipRanks’ Stock Analysis page.