Cemtrex

Cemtrex, Inc. engages in the provision of solutions in the technology industry. It operates through the following segments: Advanced Technologies and Industrial Services. The Advanced Technologies segment delivers technologies for IoT, Wearables and Smart Devices, such as the SmartDesk. The Industrial Services segment offers single-source services for rigging, millwrighting, in plant maintenance, equipment erection, relocation, and disassembly to customers. The company was founded on April 27, 1998 and is headquartered in Brooklyn, NY.

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Cemtrex reports Q2 revenue growth, launches Anavio security platform

Cemtrex's Q2 2024 performance showed revenue growth but a decline in operating income. The company's Industrial Services segment excelled, while the Security segment faced challenges.
The launch of Anavio and the successful public offering to raise funds were key highlights. Cemtrex aims for profitability through revenue growth and cost management.
Despite challenges, Cemtrex is strategically positioned to leverage opportunities in innovation, financial strengthening, and potential acquisitions for future growth.

Cemtrex reports revenue growth and strategic moves amidst operational challenges

Cemtrex's Q3 2024 performance reflects revenue growth driven by AIS products and services, despite an operating loss attributed to specific challenges.
The company's strategic initiatives, including a public offering and focus on profitability, position it well for future growth and value creation.
Opportunities in the Industrial Services segment and potential acquisitions offer avenues for expansion and enhancing shareholder returns in the long term.

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Cemtrex, Inc. engages in the provision of solutions in the technology industry. It operates through the following segments: Security, Industrial Services, and Cemtrex Corporate. The Security segment provides end-to-end security solutions to meet corporate, industrial, and governmental security challenges. The Industrial Services segment offers single-source expertise and services for rigging, millwrighting, in plant maintenance, equipment erection, relocation, and disassembly to diversified customers. The Cemtrex Corporate segment refers to the holding company of the other two segments. The company was founded on April 27, 1998 and is headquartered in Hauppauge, NY.

Pennsylvania Department of Military and Veterans Affairs Project to be Completed in 2025 Pennsylvania Department of Military and Veterans Affairs Project to be Completed in 2025

Cemtrex's Advanced Industrial Services Awarded $4.7 Million Large-Scale Infrastructure Contract

Cemtrex, Inc. (NASDAQ:CETX ) Q3 2024 Earnings Conference Call August 14, 2024 5:00 PM ET Company Participants Saagar Govil - Chief Executive Officer Paul Wyckoff - Chief Financial Officer Conference Call Participants Operator Greetings. And welcome to the Cemtrex's Third Quarter 2024 Financial Results Conference Call.

Cemtrex, Inc. (CETX) Q3 2024 Earnings Call Transcript

Q3'24 Industrial Services Segment Revenue Increased 49% to $8.5M; Management to Host Conference Call Today at 5:00 p.m. ET Q3'24 Industrial Services Segment Revenue Increased 49% to $8.5M; Management to Host Conference Call Today at 5:00 p.m. ET

Cemtrex Reports Third Quarter 2024 Financial Results

Hauppauge, NY, Aug. 09, 2024 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, will hold a conference call on Wednesday, August 14, 2024 at 5:00 p.m. Eastern time to discuss its results for the fiscal third quarter ended June 30, 2024. A press release detailing these results will be issued prior to the call.

Cemtrex to Host Fiscal Third Quarter 2024 Financial Results Conference Call on Wednesday, August 14, 2024 at 5:00 p.m. Eastern Time

Cemtrex, Inc. (NASDAQ:CETX ) Q2 2024 Earnings Conference Call May 14, 2024 5:00 PM ET Company Participants Saagar Govil - CEO Paul Wyckoff - CFO Conference Call Participants Operator Greetings, and welcome to the Cemtrex Second Quarter 2024 Financial Results Conference Call. At this time, all participants are in a listen-only mode.

Cemtrex, Inc. (CETX) Q2 2024 Earnings Call Transcript

Hauppauge, NY, May 14, 2024 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, has reported its unaudited financial and operational results for the fiscal second quarter ended March 31, 2024.

Cemtrex Reports Second Quarter 2024 Financial Results

Hauppauge, NY, May 03, 2024 (GLOBE NEWSWIRE) --  – Cemtrex, Inc. (Nasdaq: CETX) (the “Company”), an advanced security technology and industrial services company, today announced the closing of a firm commitment underwritten public offering with gross proceeds to the Company of approximately $10 million, before deducting underwriting discounts and other estimated expenses payable by the Company. The offering was upsized from $9 million. The base offering consisted of 11,764,705 Common Units or Pre-Funded Units, each consisting of one share of common stock (“Common Share”) or one Pre-Funded Warrant, one Series A Warrant to purchase one Common Share at an exercise price of $0.85 per share or pursuant to an alternative cashless exercise option, which warrant will expire two-and-a-half years from the closing date of this offering (the “Series A Warrant”) and one Series B Warrant to purchase one Common Share at an exercise price of $0.85 per share, which warrant will expire on the five-year anniversary of the closing date of this offering (the “Series B Warrants” and together with the Series A Warrants, the “Warrants”). The purchase price of each Common Unit was $0.85, and the purchase price of each Pre-Funded Unit was $0.849 (which is equal to the public offering price per Common Unit minus $0.001). The Pre-Funded Warrants will be immediately exercisable and may be exercised at any time until all the Pre-Funded Warrants are exercised in full.

Cemtrex, Inc. Announces Closing of $10 Million Upsized Underwritten Public Offering

Hauppauge, NY, May 01, 2024 (GLOBE NEWSWIRE) --  – Cemtrex, Inc. (Nasdaq: CETX) (the “Company”), an advanced security technology and industrial services company, today announced the pricing of a firm commitment underwritten public offering with gross proceeds to the Company expected to be approximately $10 million, before deducting underwriting discounts and other estimated expenses payable by the Company. The offering was upsized from $9 million. The base offering consists of 11,764,705 Common Units or Pre-Funded Units, each consisting of one share of common stock (“Common Share”) or one Pre-Funded Warrant, one Series A Warrant to purchase one Common Share at an exercise price of $0.85 per share or pursuant to an alternative cashless exercise option, which warrant will expire two-and-a-half years from the closing date of this offering (the “Series A Warrant”) and one Series B Warrant to purchase one Common Share at an exercise price of $0.85 per share, which warrant will expire on the five-year anniversary of the closing date of this offering (the “Series B Warrants” and together with the Series A Warrants, the “Warrants”). The purchase price of each Common Unit is $0.85, and the purchase price of each Pre-Funded Unit is $0.849 (which is equal to the public offering price per Common Unit minus $0.001). The Pre-Funded Warrants will be immediately exercisable and may be exercised at any time until all the Pre-Funded Warrants are exercised in full.

Cemtrex, Inc. Announces Pricing of $10 Million Upsized Underwritten Public Offering

Cemtrex (NASDAQ: CETX ) stock is falling on Wednesday after the company launched a public offering of its shares. This public offering has the company selling 5,056,179 shares of CETX stock at an assumed price of $1.78 per share.

Why Is Cemtrex (CETX) Stock Down 40% Today?

Vicon to Showcase New Unified Cloud Solution Anavio with Groundbreaking Face Authentication and Person of Interest Tracking Vicon to Showcase New Unified Cloud Solution Anavio with Groundbreaking Face Authentication and Person of Interest Tracking

Cemtrex's Vicon Industries to Attend ISC West 2024

Hauppauge, NY, March 11, 2024 (GLOBE NEWSWIRE) --  - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, today announced it has received $2.1 million in new orders through its Advanced Industrial Services (“AIS”) subsidiary underscoring the Company's strong market position and optimistic growth outlook. These orders, including a $1.6 million order for two relocation projects from a leading printing and graphics company, and a $0.5 million order to remove existing equipment for an engineering and construction company, affirm AIS' commitment to delivering excellence across its service offerings.

Cemtrex's Advanced Industrial Services Secures New Orders Totaling $2.1 Million

Disruptive Artificial Intelligence (AI) Gun Detection Feature to Launch in the Second Calendar Quarter of 2024, Marking a Significant Milestone Achievement for Detecting Armed Persons in Surveillance Footage Disruptive Artificial Intelligence (AI) Gun Detection Feature to Launch in the Second Calendar Quarter of 2024, Marking a Significant Milestone Achievement for Detecting Armed Persons in Surveillance Footage

Cemtrex Announces Beta Release of Pioneering AI Gun Detection Feature

Completed Restructuring in 2023 Now Positions AIS and Vicon Segments for Continued Revenue Growth and Expanded Operating Profitability Completed Restructuring in 2023 Now Positions AIS and Vicon Segments for Continued Revenue Growth and Expanded Operating Profitability

Cemtrex Issues Shareholder Letter and Provides Corporate Update

Cemtrex, Inc. (CETX) Q1 2024 Earnings Call Transcript

Brooklyn, NY, Feb. 12, 2024 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, has reported its unaudited financial and operational results for the first quarter ended December 31, 2023.

Cemtrex Reports First Quarter 2024 Financial Results

Brooklyn, NY, Feb. 09, 2024 (GLOBE NEWSWIRE) --  - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, will hold a conference call on Monday, February 12, 2024 at 5:00 p.m. Eastern time to discuss its results for the first quarter ended December 31, 2023. A press release detailing these results will be issued prior to the call.

Cemtrex to Host First Quarter 2024 Financial Results Conference Call on Monday, February 12, 2024

Northeastern School District $2.2 Million Order for Geothermal System Update, $1.6 Million Order for Key Component for Motion Control Technologies Company Northeastern School District $2.2 Million Order for Geothermal System Update, $1.6 Million Order for Key Component for Motion Control Technologies Company

Cemtrex Receives $3.8 Million for Two Advanced Industrial Services Projects

The Board of Directors recommends that you vote on the proxy card: “FOR” amending the Company's Certificate of Designations, Preferences and Rights of Series 1 Preferred Stock to (i) effect a reverse stock split of all of the Company's outstanding shares of Series 1 Preferred Stock, par value $0.001 per share (the “Series 1 Preferred Stock”), by a ratio of 1 for 2 and (ii) increase the liquidation value and voting rights of the Series 1 Preferred Stock by the same ratio; And “FOR” approving an adjournment of the Special Meeting, if necessary and appropriate, as determined by the Board in its sole discretion, to solicit additional proxies if there are insufficient votes at the time of the Special Meeting to approve Proposal 1 or to constitute a quorum.

Cemtrex Inc. to Reconvene Special Meeting Of Series 1 Preferred Stock Shareholders on Friday December 29, 2023 at 12:00 pm. Eastern Time

Cemtrex, Inc. (CETX) Q4 2023 Earnings Call Transcript

Q4'23 Revenue Increased 46% to $16.9M with 3rd Consecutive Quarter of Positive Operating Income of $0.2M Q4'23 Revenue Increased 46% to $16.9M with 3rd Consecutive Quarter of Positive Operating Income of $0.2M

Cemtrex Reports Unaudited Fourth Quarter and Full Fiscal Year 2023 Financial Results

HAUPPAUGE, N.Y. and LEESBURG, Va., Dec. 19, 2023 /PRNewswire/ --Vicon Industries, Inc., a subsidiary of Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), designer and manufacturer of video surveillance and access control software, hardware, and components, and Omnilert, a leader in active shooter solutions, announced today the integration of Valerus® VMS with Omnilert's AI visual gun detection system. With this powerful integration, Valerus users can now connect Omnilert Gun Detect to instantly trigger an alarm in Valerus when a firearm is detected by the AI in live video feeds, which then sets off a series of pre-planned responses once the threat is verified.

Vicon Boosts its Unified VMS Platform by Integrating with Omnilert's AI Visual Gun Detection System

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Why Fast-paced Mover Cemtrex Inc. (CETX) Is a Great Choice for Value Investors

Brooklyn, NY, Dec. 07, 2023 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, will hold a conference call on Thursday, December 21, 2023 at 5:00 p.m. Eastern time to discuss its results for the fourth quarter and full fiscal year ended September 30, 2023. A press release detailing these results will be issued prior to the call.

Cemtrex to Host Fourth Quarter and Full Fiscal Year 2023 Financial Results Conference Call on Thursday, December 21, 2023

Brooklyn, NY, Sept. 26, 2023 (GLOBE NEWSWIRE) --  – Cemtrex Inc. (Nasdaq: CETX, CETXP), an advanced security technology and industrial services company, has received a $1.0 million order through its subsidiary, Advanced Industrial Services (“AIS”), for the Pennsylvania Stewartstown Borough Authority, Stewartstown WWTP Sludge Dewatering improvements project.

Cemtrex Receives $1.0 Million Contract from Pennsylvania Borough Stewartstown

Brooklyn, NY, Sept. 20, 2023 (GLOBE NEWSWIRE) --  – Cemtrex Inc. (Nasdaq: CETX, CETXP), an advanced security technology and industrial services company, today announced it will participate at the LD Micro Main Event XVI Conference taking place October 3-4, 2023.

News for Cemtrex Stock (CETX)