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Earnings Call Summary | Aeries Technology(AERT.US) Q3 2024 Earnings Conference

Earnings Call Summary | Aeries Technology(AERT.US) Q3 2024 Earnings Conference

業績電話會議摘要 | Aeries Technology (AERT.US) 2024 年第三季度業績會議
富途資訊 ·  02/23 00:19  · 電話會議

The following is a summary of the Aeries Technology, Inc (AERT) Q3 2024 Earnings Call Transcript:

以下是 Aeries Technology, Inc (AERT) 2024年第三季度業績電話會議記錄摘要:

Financial Performance:

財務業績:

  • Aeries Technology reported Q3 revenue of $18.9 million, a 49% YoY growth which exceeded expectations with significant contribution from new client acquisitions.

  • The adjusted EBITDA came in at $2.4 million, in line with the company outlook.

  • Revenue for the first three quarters stood at $52.8 million, a 39% increase compared to the previous year.

  • Gross profit for Q3 was marked at $6 million, with gross margin rising to a significant 32% compared to 18% the previous year.

  • Despite a 150% rise in Q3 operating income to $733,000, the company reported a GAAP net loss of $16.4 million due to a non-cash charge related to change in fair value of a forward purchase agreement.

  • Projected total revenues for 2024 are between $95 million and $105 million with an adjusted EBITDA of between $16 million and $20 million.

  • Aeries Technology報告第三季度收入爲1,890萬美元,同比增長49%,超出預期,新客戶收購做出了重大貢獻。

  • 調整後的息稅折舊攤銷前利潤爲240萬美元,符合公司的展望。

  • 前三個季度的收入爲5,280萬美元,與去年同期相比增長了39%。

  • 第三季度的毛利潤爲600萬美元,毛利率從去年同期的18%大幅上升至32%。

  • 儘管第三季度營業收入增長了150%,至73.3萬美元,但該公司報告稱,由於與遠期收購協議公允價值變動相關的非現金費用,GAAP淨虧損爲1,640萬美元。

  • 2024年的預計總收入在9,500萬美元至1.05億美元之間,調整後的息稅折舊攤銷前利潤在1,600萬美元至2000萬美元之間。

Business Progress:

業務進展:

  • The company noted strong momentum in new client acquisition, even exceeding its internal forecast for the current quarter.

  • An effort to expand presence in North America, contributing 77% of the revenue, was made with a new center of excellence in Mexico.

  • The strategic initiative 'Dwell Shoring' is in focus, combining nearby centers of operation and maintaining excellence centers in India.

  • Two new centers of excellence were opened in Bangalore focusing on digital transformation and business process optimization.

  • The company reported a shift towards digital transformation, AI, and analytics by their new customers, expected to influence gross margins positively.

  • Aeries is actively supporting their existing clients in implementing generative AI and natural language processing for robotic process automation.

  • Expansion of relationships with 10 private equity stakeholders and portfolio companies is a key plan.

  • The company is setting up a sales and marketing team to accelerate growth and attract mid-sized U.S. companies.

  • The firm expects to exceed the 10 new clients acquired in 2023 in 2024, while reducing client turnover from 8% to 4%.

  • Aeries Technology's dual shoring strategy has resulted in partnerships with a leading investment management solutions provider in Bangalore and a global technology company in Mexico.

  • 該公司注意到新客戶收購勢頭強勁,甚至超過了本季度的內部預期。

  • 在墨西哥設立了一個新的卓越中心,努力擴大在北美的影響力,貢獻了收入的77%。

  • 戰略計劃 “Dwell Shoring” 是重點,它整合了附近的運營中心,並在印度維持了卓越中心。

  • 班加羅爾開設了兩個新的卓越中心,專注於數字化轉型和業務流程優化。

  • 該公司報告稱,其新客戶轉向數字化轉型、人工智能和分析,預計這將對毛利率產生積極影響。

  • Aeries正在積極支持其現有客戶爲機器人流程自動化實施生成式人工智能和自然語言處理。

  • 擴大與10傢俬募股權利益相關者和投資組合公司的關係是一項關鍵計劃。

  • 該公司正在組建銷售和營銷團隊,以加速增長並吸引美國中型公司。

  • 該公司預計,到2024年,將超過2023年獲得的10個新客戶,同時將客戶流失率從8%降至4%。

  • Aeries Technology的雙重支撐戰略已與班加羅爾的一家領先的投資管理解決方案提供商和墨西哥的一家全球科技公司建立了合作伙伴關係。

More details: Aeries Technology IR

更多詳情: Aeries 科技 IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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譯文內容由第三人軟體翻譯。


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