Aeris Environmental Ltd (ASX:AEI)

ALERT: Price-sensitive ASX Announcement for AEI

Current share price for AEI : $0.038 -0.004 (-9.52%)⁺

Announcement

Quarterly Activities & Appendix 4C Cash Flow Reports

Release

29 Apr 2025 10:43AM

Price at Release

$0.042

Full Release

Summary

Aeris Environmental Ltd's March 2025 Quarterly Activities Report highlights a revenue of $674,783 with a gross margin of 58%. Operating expenses were controlled within target ranges, and cash receipts totaled $633,045, with cash equivalents at $860,731. The company initiated quarterly revenues from the AerisTech Joint Venture and partnered with a leading Australian financial institution for pilot installations. The consumables segment showed growth, particularly due to weather events, and trials for corrosion protection products were conducted in the UAE. The report anticipates further expansion in distributor networks and customer pipelines as they leverage energy efficiency and carbon neutrality solutions.

Key Points

Revenue of $674,783 in the March 2025 quarter.
Gross margin of 57.86%, within targeted range.
Cash receipts totaled $633,045.
Cash and cash equivalents were $860,731 on 31 March 2025.
Initial revenues from the AerisTech Joint Venture.
Pilot partnership with a major Australian financial institution.
Growth in the consumables segment driven by weather events.
Trials commenced for corrosion protection products in the UAE.
AerisTech's solutions are positioned for emerging regulatory requirements.

IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.