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.

Innovative Thermal Sensor Series Comprises a 360-Degree Surveillance Solution That Combines Powerful High-End Thermal Technology With High-Resolution PTZs for Unparalleled Perimeter Protection Innovative Thermal Sensor Series Comprises a 360-Degree Surveillance Solution That Combines Powerful High-End Thermal Technology With High-Resolution PTZs for Unparalleled Perimeter Protection

Vicon Releases Upgraded Thermal Sensor Models for Groundbreaking 360-Degree Surveillance

Brooklyn, NY, Aug.  25, 2020  (GLOBE NEWSWIRE) --  —  Cemtrex Inc.  (Nasdaq: CETX, CETXP, CETXW), a technology innovation company for Internet of Things (IoT), security, machine vision & artificial intelligence, and augmented & virtual reality, has been invited to present at the LD 500 Virtual Investor Conference on September 1-4, 2020.

Cemtrex to Present at LD 500 Virtual Investor Conference

9 Month Revenues Increase by 16% YoY 9 Month Revenues Increase by 16% YoY

Cemtrex, Inc. (CETX) Announces Results  for the Third Quarter Ending June 30, 2020

Brooklyn, NY, July  13, 2020  (GLOBE NEWSWIRE) --  – Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a leading multi-industry technology company that is driving innovation in a wide range of commercial sectors such as Internet of Things (IoT), Augmented and Virtual Reality (AR & VR), and Artificial Intelligence and Computer Vision (AI & CV), today announced the Company received a $1 Million Order for a security technology system through its Advanced Technology Segment.

Cemtrex Inc. (CETX) Receives $1M Order for Security Technology System

Brooklyn, NY, June  23, 2020  (GLOBE NEWSWIRE) -- Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a leading multi-industry technology company that is driving innovation in a wide range of commercial sectors such as Internet of Things (IoT), Augmented and Virtual Reality (AR & VR), and Artificial Intelligence and Computer Vision (AI & CV), today provided an update on its business regarding the current environment and near term outlook.

Cemtrex Inc. (CETX) Provides Business Update

Brooklyn, NY, June  15, 2020  (GLOBE NEWSWIRE) -- Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a leading multi-industry technology company that is driving innovation in a wide range of commercial sectors such as Internet of Things (IoT), Augmented and Virtual Reality (AR & VR), and Artificial Intelligence and Computer Vision (AI & CV), today announced it has closed its registered direct offering with multiple institutional investors for the purchase and sale of 2,402,923 shares of its common stock at a purchase price of $2.24 per share in a registered direct offering priced at-the-market under Nasdaq rules for gross proceeds of $5.4 million before deducting placement agent fees and expenses. After paying Offering fees and expenses, the Company received net proceeds of approximately $5 million from the Offering.

Cemtrex, Inc. Closes $5.4 Million Registered Direct Offering Priced At-The-Market

Hauppauge, NY, June  11, 2020  (GLOBE NEWSWIRE) --  - Vicon ( https://www.vicon-security.com ), a subsidiary of Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW) - a leading multi-industry technology company, today announced the upcoming release of their advanced edge-based analytics for select camera lines, including the new V980 series. Cameras with advanced analytics can proactively alert security operators to critical events such as theft, suspicious objects, crowds gathering and more.

Vicon Launches AI Based Edge Device Analytics for Cameras

Brooklyn, NY, June  10, 2020  (GLOBE NEWSWIRE) -- Brooklyn, NY, June 10, 2020 (GLOBE NEWSWIRE) – Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a leading multi-industry technology company that is driving innovation in a wide range of commercial sectors such as Internet of Things (IoT), Augmented and Virtual Reality (AR & VR), and Artificial Intelligence and Computer Vision (AI & CV), today announced it has entered into definitive agreements with institutional investors for the purchase and sale of shares of its common stock at a purchase price of $2.24 per share in a registered direct offering priced at-the-market under Nasdaq rules for gross proceeds of $5.4 million before deducting placement agent fees and expenses. The closing of the offering is expected to occur on or about June 12, 2020, subject to the satisfaction of customary closing conditions.

Cemtrex, Inc. Announces $5.4 Million Registered Direct Offering Priced At-The-Market

Brooklyn, NY, June  08, 2020  (GLOBE NEWSWIRE) --  – Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a leading multi-industry technology company that is driving innovation in a wide range of commercial sectors such as Internet of Things (IoT), Augmented and Virtual Reality (AR & VR), and Artificial Intelligence and Computer Vision (AI & CV), today announced it has closed its registered direct offering with multiple institutional investors for the purchase and sale of 3,055,556 shares of its common stock at a purchase price of $1.80 per share in a registered direct offering priced at-the-market under Nasdaq rules for gross proceeds of $5.5 million before deducting placement agent fees and expenses. After paying Offering fees and expenses, the Company received net proceeds of approximately $5.1 million from the Offering.

Cemtrex, Inc. Closes $5.5 Million Registered Direct Offering Priced At-The-Market

Brooklyn, NY, June  02, 2020  (GLOBE NEWSWIRE) --  – Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a leading multi-industry technology company that is driving innovation in a wide range of commercial sectors such as Internet of Things (IoT), Augmented and Virtual Reality (AR & VR), and Artificial Intelligence and Computer Vision (AI & CV), today announced it has entered into definitive agreements with institutional investors for the purchase and sale of 3,055,556 shares of its common stock at a purchase price of $1.80 per share in a registered direct offering priced at-the-market under Nasdaq rules for gross proceeds of $5.5 million before deducting placement agent fees and expenses. The closing of the offering is expected to occur on or about June 4, 2020, subject to the satisfaction of customary closing conditions.

CEMTREX, INC. ANNOUNCES $5.5 MILLION REGISTERED DIRECT OFFERING PRICED AT-THE-MARKET

Hauppauge, NY, June  01, 2020  (GLOBE NEWSWIRE) --  Vicon ( www.vicon-security.com ), a subsidiary of Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW) - a leading multi-industry technology company, today announced the release of its new Thermal Body Temperature Measurement Camera, the V1100B-THM-TEMP. The camera is designed to help organizations of all types to minimize the risk of reopening their facilities during the COVID-19 global pandemic.

Vicon Announces Release of New Thermal Body Temperature Measurement Camera

Brooklyn, NY, May  18, 2020  (GLOBE NEWSWIRE) --  – Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a leading multi-industry technology company that is driving innovation in a wide range of commercial sectors such as Internet of Things (IoT), Augmented and Virtual Reality (AR & VR), and Artificial Intelligence and Computer Vision (AI & CV), announced today that the U.S. Patent and Trademark Office (USPTO) has granted the company its first patent for Cemtrex’s revolutionary and groundbreaking IoT product, the SmartDesk, which increases productivity and modernizes the personal workspace.

Cemtrex Granted First Patent for Its Revolutionary SmartDesk

Gross Margin Improves to 44%, 6 Month EBITDA of $1,041,316 Gross Margin Improves to 44%, 6 Month EBITDA of $1,041,316

Cemtrex, Inc. (CETX) Announces Results  for the Second Quarter Ending March 31, 2020

Brooklyn, NY, March  17, 2020  (GLOBE NEWSWIRE) --  – Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a world leading technology company, announced today that the company received new orders totaling over $2,000,000 in its Advanced Technology segment over the last 30 days.

Cemtrex Receives $2,000,000 in New Orders in Advanced Technologies Segment

Brooklyn, NY, Feb.  21, 2020  (GLOBE NEWSWIRE) --  - Cemtrex (Nasdaq: CETX, CETXP, CETXW) announced today that it has received over $300,000 in new orders for the development of virtual reality (VR) and augmented reality (AR) applications, representing a 500% increase in the current quarter to date from the prior year. The orders were from 3 different customers and the Company expects to execute these orders over the next five months.

Cemtrex Announces 500% Increase in New Orders for Development of VR and AR Applications in Quarter-to-Date

Brooklyn, NY, Feb.  11, 2020  (GLOBE NEWSWIRE) -- Cemtrex Inc. (Nasdaq: CETX), a leading multi-industry technology company that is driving innovation in a wide range of consumer and commercial sectors, announced today that it has acquired two properties it had been leasing for its industrial segment business located in the York, PA area.

Cemtrex Acquires Two Properties in Industrial Segment

Brooklyn, NY, Feb.  10, 2020  (GLOBE NEWSWIRE) --  - Cemtrex (Nasdaq: CETX) announced today that WordPress VIP, the leading provider of enterprise WordPress, has added CemtrexLabs, to its prestigious Featured Agency Partner program. CemtrexLabs is one of only 30 partners in this prestigious group and the first agency partner with full stack virtual and augmented reality (VR, AR & MR) capabilities.

CemtrexLabs Named a WordPress VIP Silver Agency Partner

New York, NY, Jan.  16, 2020  (GLOBE NEWSWIRE) --  – Cemtrex Inc. (Nasdaq: CETX), a leading multi-industry technology company that is driving innovation in a wide range of consumer and commercial sectors, announced today that its Board of Directors has approved a new share repurchase authorization for the Company’s common stock, and series 1 preferred stock, under which the Company may repurchase up to two million of its outstanding shares of each class, over three years, depending on market conditions.

Cemtrex Announces Share Repurchase Authorization

New York, NY, Jan.  15, 2020  (GLOBE NEWSWIRE) --  Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a world leading technology company, announced today that the company received a new order over $700,000 in its Advanced Technology segment.

Cemtrex Receives $700,000 in New Video Surveillance Systems Orders for Municipal Buildings

Brooklyn, NY, Oct.  23, 2019  (GLOBE NEWSWIRE) --  – Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a world leading technology company, announced today that the company received over $1.5M in new orders in its Advanced Technology segment.

Cemtrex Receives $1.5M in New Security Related Orders for Border Control

New York, NY, Sept.  04, 2019  (GLOBE NEWSWIRE) --  – Cemtrex Inc., (CETX, CETXP, CETXW) will be presenting at the RHK Capital 4th Annual Disruptive Growth Conference in on Thursday September 5th, 2019 at 2:00 pm EST.

Cemtrex Inc. (CETX) to Present at the RHK Capital 4th Annual Disruptive Growth Conference

New York, NY, Aug.  22, 2019  (GLOBE NEWSWIRE) --  - Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a leading global technology company, announced today that it has completed the sale of its EMS business, ROB Cemtrex. Pursuant to the terms of the transaction Cemtrex received a total consideration of €6,367,199 for the sale of the business.

Cemtrex, Inc. (CETX) Completes Sale of EMS Subsidiary, ROB Cemtrex

New York, NY, Aug.  20, 2019  (GLOBE NEWSWIRE) -- Cemtrex Inc. (Nasdaq: CETX, CETXW, CETXP), a leading global technology company, announced its second quarter consolidated results of operations for the three and six months ended June 30, 2019.

Cemtrex, Inc. (CETX) Announces Results for the Third Quarter ended June 30, 2019

Cemtrex (NASDAQ: CETX) has developed an immersive augmented reality experience for seven luxury brands housed under Richemont, Arcadium.

Cemtrex To Develop Augmented Reality Experience For 7 Luxury Brands

In today's hot penny stocks, there's no a name that's been blowing up like Cemtrex has, with CETX stock more than doubling in value Thursday.
The post Hot Penny Stocks: Cemtrex (CETX) Stock Explodes appeared first on InvestorPlace.

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