Cemtrex Reports First Quarter Fiscal Year 2025 Financial Results
Cemtrex (NASDAQ: CETX) reported Q1 FY2025 results with revenue declining 19% to $13.7 million compared to $16.9 million in the prior year. The company's Advanced Industrial Services (AIS) segment showed 7% growth to $8.3 million, while the Security segment (Vicon) decreased 41% to $5.5 million.
Operating loss widened to $2.3 million from $0.7 million, and net loss increased to $28.5 million from $1.2 million, primarily due to a non-cash expense of $25.8 million from warrant-related losses. The company secured a record $10.4 million order for its Valerus surveillance system and launched the NEXT™ Modular Camera System with AI capabilities.
Cash and equivalents stood at $5.5 million as of December 31, 2024, while inventory increased to $11.1 million from $7.0 million in September 2024.
Cemtrex (NASDAQ: CETX) ha riportato i risultati del primo trimestre dell'anno fiscale 2025 con un fatturato in calo del 19%, scendendo a 13,7 milioni di dollari rispetto ai 16,9 milioni dell'anno precedente. Il segmento dei Servizi Industriali Avanzati (AIS) ha mostrato una crescita del 7%, raggiungendo 8,3 milioni di dollari, mentre il segmento Sicurezza (Vicon) è diminuito del 41%, attestandosi a 5,5 milioni di dollari.
La perdita operativa è aumentata a 2,3 milioni di dollari rispetto ai 0,7 milioni, e la perdita netta è salita a 28,5 milioni di dollari rispetto a 1,2 milioni, principalmente a causa di una spesa non monetaria di 25,8 milioni di dollari legata a perdite sui warrant. L'azienda ha ottenuto un ordine record di 10,4 milioni di dollari per il suo sistema di sorveglianza Valerus e ha lanciato il sistema di telecamere modulari NEXT™ con capacità AI.
Alla data del 31 dicembre 2024, la liquidità e le equivalenti ammontavano a 5,5 milioni di dollari, mentre le scorte sono aumentate a 11,1 milioni di dollari rispetto ai 7,0 milioni di settembre 2024.
Cemtrex (NASDAQ: CETX) reportó los resultados del primer trimestre del año fiscal 2025, con ingresos que disminuyeron un 19%, alcanzando los 13,7 millones de dólares en comparación con los 16,9 millones del año anterior. El segmento de Servicios Industriales Avanzados (AIS) mostró un crecimiento del 7%, alcanzando los 8,3 millones de dólares, mientras que el segmento de Seguridad (Vicon) disminuyó un 41%, situándose en 5,5 millones de dólares.
La pérdida operativa se amplió a 2,3 millones de dólares desde 0,7 millones, y la pérdida neta aumentó a 28,5 millones de dólares desde 1,2 millones, principalmente debido a un gasto no monetario de 25,8 millones de dólares por pérdidas relacionadas con opciones. La compañía aseguró un pedido récord de 10,4 millones de dólares para su sistema de vigilancia Valerus y lanzó el sistema de cámaras modulares NEXT™ con capacidades de IA.
Al 31 de diciembre de 2024, el efectivo y equivalentes se situaban en 5,5 millones de dólares, mientras que el inventario aumentó a 11,1 millones de dólares desde 7,0 millones en septiembre de 2024.
Cemtrex (NASDAQ: CETX)는 2025 회계연도 1분기 실적을 발표하며 수익이 19% 감소하여 1,370만 달러에 그쳤고, 이는 작년 1,690만 달러에 비해 감소한 수치입니다. 회사의 고급 산업 서비스(AIS) 부문은 7% 성장하여 830만 달러에 도달했으며, 보안 부문(Vicon)은 41% 감소하여 550만 달러가 되었습니다.
운영 손실은 70만 달러에서 230만 달러로 확대됐고, 순손실은 120만 달러에서 2,850만 달러로 증가했습니다. 이는 주식 관련 손실로 인한 비현금 비용 2,580만 달러 때문입니다. 회사는 Valerus 감시 시스템에 대해 기록적인 1,040만 달러의 주문을 확보했으며, AI 기능을 갖춘 NEXT™ 모듈 카메라 시스템을 출시했습니다.
2024년 12월 31일 기준으로 현금 및 현금성 자산은 550만 달러였으며, 재고는 2024년 9월의 700만 달러에서 1,110만 달러로 증가했습니다.
Cemtrex (NASDAQ: CETX) a annoncé les résultats du premier trimestre de l'exercice 2025, avec un chiffre d'affaires en baisse de 19%, atteignant 13,7 millions de dollars contre 16,9 millions de dollars l'année précédente. Le segment des Services industriels avancés (AIS) a connu une croissance de 7%, atteignant 8,3 millions de dollars, tandis que le segment Sécurité (Vicon) a diminué de 41%, s'élevant à 5,5 millions de dollars.
La perte opérationnelle s'est élargie à 2,3 millions de dollars contre 0,7 million, et la perte nette a augmenté à 28,5 millions de dollars contre 1,2 million, principalement en raison d'une dépense non monétaire de 25,8 millions de dollars liée à des pertes sur warrants. L'entreprise a sécurisé une commande record de 10,4 millions de dollars pour son système de surveillance Valerus et a lancé le système de caméra modulaire NEXT™ avec des capacités d'IA.
Au 31 décembre 2024, la trésorerie et équivalents s'élevaient à 5,5 millions de dollars, tandis que les stocks ont augmenté à 11,1 millions de dollars contre 7,0 millions en septembre 2024.
Cemtrex (NASDAQ: CETX) hat die Ergebnisse für das erste Quartal des Geschäftsjahres 2025 veröffentlicht, wobei der Umsatz um 19% auf 13,7 Millionen Dollar im Vergleich zu 16,9 Millionen Dollar im Vorjahr gesunken ist. Der Bereich der fortschrittlichen industriellen Dienstleistungen (AIS) verzeichnete ein Wachstum von 7% auf 8,3 Millionen Dollar, während der Sicherheitsbereich (Vicon) um 41% auf 5,5 Millionen Dollar zurückging.
Der operative Verlust weitete sich auf 2,3 Millionen Dollar gegenüber 0,7 Millionen Dollar aus, und der Nettoverlust stieg auf 28,5 Millionen Dollar von 1,2 Millionen Dollar, hauptsächlich aufgrund eines nicht zahlungswirksamen Aufwands von 25,8 Millionen Dollar aus verlustbezogenen Optionen. Das Unternehmen sicherte sich einen Rekordauftrag über 10,4 Millionen Dollar für sein Valerus-Überwachungssystem und führte das modulare Kamerasystem NEXT™ mit KI-Funktionen ein.
Zum 31. Dezember 2024 beliefen sich die liquiden Mittel und Äquivalente auf 5,5 Millionen Dollar, während der Lagerbestand von 7,0 Millionen Dollar im September 2024 auf 11,1 Millionen Dollar anstieg.
- AIS segment revenue increased 7% to $8.3 million
- Secured record $10.4 million Valerus surveillance system order
- Gross profit margin maintained at 41% despite revenue decline
- Launched new NEXT™ Modular Camera System with AI capabilities
- Total revenue decreased 19% to $13.7 million
- Security segment revenue declined 41% to $5.5 million
- Operating loss widened to $2.3 million from $0.7 million
- Net loss increased to $28.5 million, including $25.8 million warrant-related losses
- Operating expenses increased to $8.0 million from $7.8 million
Insights
The Q1 FY2025 results reveal significant challenges and opportunities for Cemtrex, with notable divergence between its two main segments. The 19% revenue decline to $13.7M masks contrasting segment performance that requires careful analysis.
The Security segment's 41% revenue drop to $5.5M reflects more than just election-cycle delays. The inventory surge to $11.1M from $7.0M suggests potential supply chain adjustments for anticipated demand, particularly with the new NEXT™ camera platform launch. However, this inventory build-up requires careful monitoring as it ties up working capital and could pressure margins if demand doesn't materialize as expected.
Several bright spots emerge despite the challenging quarter:
- The $10.4M Valerus system order represents approximately 2 quarters of typical Vicon revenue, providing strong visibility for H1 2025
- The Hailo-15 SoC integration positions Vicon at the forefront of edge AI processing, potentially commanding premium pricing in the surveillance market
- AIS's 7% growth to $8.3M demonstrates resilience in industrial services, with the $6.7M wastewater treatment contracts highlighting strong infrastructure spending
The operating loss expansion to $2.3M from $0.7M reflects concerning margin pressure and elevated operating expenses. While the $25.8M warrant-related loss is non-cash, it significantly impacts shareholder value through dilution. The stable cash position of $5.5M provides runway, suggesting careful cash management will be important in coming quarters.
The divergent segment performance indicates a potential need for strategic review. While AIS shows steady growth in infrastructure services, Vicon's transformation toward AI-enabled surveillance solutions represents a higher-risk, higher-reward proposition that may take several quarters to materialize in financial results.
Hauppauge, NY, Feb. 14, 2025 (GLOBE NEWSWIRE) -- Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, has reported its financial and operational results for the fiscal first quarter ended December 31, 2024.
Key Highlights for First Fiscal Quarter 2025
- Revenue for Q1’25 decreased
19% to$13.7 million , compared to revenue in the prior year of$16.9 million . - AIS revenue increased
7% to$8.3 million , capitalizing on strategic acquisitions and growing market demand. - Vicon Innovations: Launched NEXT™ Modular Camera System, integrating groundbreaking AI analytics and Hailo-15 edge AI processing, poised to redefine the surveillance industry.
- Strategic Momentum: Secured a record-breaking
$10.4 million order for Valerus surveillance system expansion
Management Commentary
Cemtrex Chairman and CEO, Saagar Govil, commented on the results: “The first fiscal quarter of 2025 was highlighted by sustained growth for AIS on high demand for its products and services, offset by a decrease in Vicon revenue as companies delayed orders of multiple projects due to uncertainties with the transition to a new federal administration. Operating loss for the first fiscal quarter of 2025 was
“Our Security segment revenue in the first quarter decreased
“Our optimistic outlook for Vicon is based on the exciting new security technologies, products and partnerships announced in recent months. Vicon introduced NEXT™, a next generation modular camera platform that transforms how security integrators and end-users install, interact, and support their camera systems, which began shipping in February 2025. We have also integrated disruptive AI analytics for detecting armed persons in surveillance footage to be included in NEXT Cameras. With Hailo, an AI chip manufacturer known for its high-performance edge AI processors, we have integrated the groundbreaking Hailo-15 System-on-a-Chip (SoC) into the NEXT Modular Camera System. Taken together, we believe Vicon is well-positioned to leverage these investments in new technologies and products to ramp sales, with an increasing opportunity to grow revenue and gross margin over the next several quarters.
“For our Industrial services segment, AIS continued to execute on orders and contract awards, growing
“Looking ahead, we believe the strength and reputation of our two segments’ products and services will continue to build revenue and shareholder value in 2025. Vicon’s next generation cameras and software are leveraging new AI capabilities and technologies to attract attention from new and existing customers to meet their evolving security challenges. AIS is demonstrating its ability to attract multi-million-dollar project wins from leading companies and governmental agencies, with a strong pipeline that will drive additional revenue,” concluded Govil.
Segment Highlights:
Vicon Industries:
- Vicon Industries revenues for fiscal Q1’25 decreased
41% to$5.5 million . - Announced a record breaking
$10.4 million order for a state government corrections facility in the mid-Atlantic region, expanding the customer’s Valerus surveillance security system with additional hardware, including enhanced storage infrastructure. - Unveiled NEXT, a next generation modular camera platform that transforms how security integrators and end-users install, interact, and support their camera systems, which began shipping in January 2025.
- Secured a partnership with Hailo, an AI chip manufacturer known for its high-performance edge AI processors, to integrate the groundbreaking Hailo-15 System-on-a-Chip (SoC) into Vicon’s NEXT Modular Camera System.
- Announced the integration of an innovative Artificial Intelligence (AI) gun detection feature in its NEXT Cameras, marking a significant milestone in public safety and security technology.
Advanced Industrial Services:
- Industrial Services segment revenues for fiscal Q1’25 increased
7% to$8.3 million . - Awarded two project contracts totaling
$6.7 million for upgrades at the Clearwater Road Wastewater Treatment Facility in Derry Township, Pennsylvania.
First Quarter Fiscal 2025 Financial Results Overview
Revenues for the first fiscal quarter of 2025 were
The Security segment revenues for the quarter ended December 31, 2024, and 2023 were
Gross Profit for the three months ended December 31, 2024, was
Total operating expenses for the first fiscal quarter of 2025 were
Operating loss for the first fiscal quarter of 2025 was
Net loss in the first fiscal quarter of 2025 totaled
Cash, cash equivalents and restricted cash as of December 31, 2024, was
Inventories increased to
About Cemtrex
Cemtrex Inc. (CETX) is a company that owns two operating subsidiaries: Vicon Industries Inc and Advanced Industrial Services Inc.
Vicon Industries, a subsidiary of Cemtrex Inc., is a global leader in advanced security and surveillance technology to safeguard businesses, schools, municipalities, hospitals and cities. Since 1967, Vicon delivers mission-critical security surveillance systems, specializing in engineering complete security solutions that simplify deployment, operation and ongoing maintenance. Vicon provides security solutions for some of the largest municipalities and businesses in the U.S. and around the world, offering a wide range of cutting-edge and compliant security technologies, from AI-driven video analytics to fully integrated access control solutions. For more information visit www.vicon-security.com
AIS – Advanced Industrial Services, a subsidiary of Cemtrex, Inc., is a premier provider of industrial contracting services including millwrighting, rigging, piping, electrical, welding. AIS Installs high precision equipment in a wide variety of industrial markets including automotive, printing & graphics, industrial automation, packaging, and chemicals. AIS owns and operates a modern fleet of custom designed specialty equipment to assure safe and quick installation of your production equipment. Our talented staff participates in recurring instructional training, provided to ensure that the most current industry methods are being utilized to provide an efficient and safe working environment. For more information visit www.ais-york.com
For more information visit www.cemtrex.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the closing of the offering, gross proceeds from the offering, our new product offerings, expected use of proceeds, or any proposed fundraising activities. These forward-looking statements are based on management’s current expectations and are subject to certain risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by such forward looking statements. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. These risks and uncertainties are discussed under the heading “Risk Factors” contained in our Form 10-K filed with the Securities and Exchange Commission. All information in this press release is as of the date of the release and we undertake no duty to update this information unless required by law.
Investor Relations
Chris Tyson
Executive Vice President – MZ North America
Direct: 949-491-8235
CETX@mzgroup.us
www.mzgroup.us
Cemtrex, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
| (Unaudited) | ||||||||
| December 31, | September 30, | |||||||
| 2024 | 2024 | |||||||
| Assets | ||||||||
| Current assets | ||||||||
| Cash and cash equivalents | $ | 4,224,130 | $ | 3,897,511 | ||||
| Restricted cash | 1,240,124 | 1,522,881 | ||||||
| Trade receivables, net | 9,202,802 | 11,159,676 | ||||||
| Trade receivables, net - related party | 524,838 | 685,788 | ||||||
| Inventory, net | 11,115,435 | 6,988,529 | ||||||
| Contract assets, net | 1,541,239 | 985,207 | ||||||
| Prepaid expenses and other current assets | 1,195,128 | 1,456,687 | ||||||
| Total current assets | 29,043,696 | 26,696,279 | ||||||
| Property and equipment, net | 9,695,289 | 9,133,578 | ||||||
| Right-of-use operating lease assets | 1,837,769 | 1,933,378 | ||||||
| Royalties receivable, net - related party | 274,756 | 456,611 | ||||||
| Goodwill | 3,708,347 | 3,708,347 | ||||||
| Other | 2,129,566 | 2,187,265 | ||||||
| Total Assets | $ | 46,689,423 | $ | 44,115,458 | ||||
| Liabilities & Stockholders’ Equity | ||||||||
| Current liabilities | ||||||||
| Accounts payable | $ | 3,469,117 | $ | 4,520,173 | ||||
| Sales tax payable | 9,515 | 73,024 | ||||||
| Revolving line of credit | 4,096,898 | 3,125,011 | ||||||
| Current maturities of long-term liabilities | 6,745,423 | 4,732,377 | ||||||
| Operating lease liabilities - short-term | 845,535 | 832,823 | ||||||
| Deposits from customers | 320,130 | 408,415 | ||||||
| Accrued expenses | 1,628,618 | 1,393,902 | ||||||
| Accrued payable on inventory in transit | 5,149,660 | 640,450 | ||||||
| Contract liabilities | 1,279,185 | 1,254,204 | ||||||
| Deferred revenue | 1,206,052 | 1,297,616 | ||||||
| Accrued income taxes | 163,170 | 314,827 | ||||||
| Total current liabilities | 24,913,303 | 18,592,822 | ||||||
| Long-term liabilities | ||||||||
| Long-term debt | 11,893,371 | 13,270,178 | ||||||
| Long-term operating lease liabilities | 1,049,307 | 1,159,204 | ||||||
| Other long-term liabilities | 307,468 | 274,957 | ||||||
| Deferred Revenue - long-term | 560,653 | 658,019 | ||||||
| Warrant liabilities | 9,454,842 | 5,199,436 | ||||||
| Total long-term liabilities | 23,265,641 | 20,561,794 | ||||||
| Total liabilities | 48,178,944 | 39,154,616 | ||||||
| Commitments and contingencies | - | - | ||||||
| Stockholders’ equity | ||||||||
| Preferred stock , | ||||||||
| Series 1, 3,000,000 shares authorized, 2,579,994 shares issued and | ||||||||
| 2,515,894 shares outstanding as of December 31, 2024 and 2,456,827 shares issued and | ||||||||
| 2,392,727 shares outstanding as of September 30, 2024 (liquidation value of | 2,580 | 2,457 | ||||||
| Series C, 100,000 shares authorized, 50,000 shares issued and outstanding at | ||||||||
| December 31, 2024 and September 30, 2024 | 50 | 50 | ||||||
| Common stock, | ||||||||
| 1,784,575 shares issued and outstanding at December 31, 2024 and | ||||||||
| 14,176 shares issued and outstanding at September 30, 2024 | 1,785 | 14 | ||||||
| Additional paid-in capital | 95,876,237 | 73,262,536 | ||||||
| Accumulated deficit | (100,109,753 | ) | (71,355,386 | ) | ||||
| Treasury stock, 64,100 shares of Series 1 Preferred Stock at December 31, 2024, | ||||||||
| and September 30, 2024 | (148,291 | ) | (148,291 | ) | ||||
| Accumulated other comprehensive income | 2,817,858 | 2,949,297 | ||||||
| Total Cemtrex stockholders’ equity | (1,559,534 | ) | 4,710,677 | |||||
| Non-controlling interest | 70,013 | 250,165 | ||||||
| Total liabilities and stockholders’ equity | $ | 46,689,423 | $ | 44,115,458 | ||||
Cemtrex, Inc. and Subsidiaries
Condensed Consolidated Statements of Operations
(Unaudited)
| For the three months ended | ||||||||
| December 31, 2024 | December 31, 2023 | |||||||
| Revenues | 13,739,899 | 16,878,166 | ||||||
| Cost of revenues | 8,037,963 | 9,795,767 | ||||||
| Gross profit | 5,701,936 | 7,082,399 | ||||||
| Operating expenses | ||||||||
| General and administrative | 7,093,289 | 6,971,966 | ||||||
| Research and development | 890,083 | 848,805 | ||||||
| Total operating expenses | 7,983,372 | 7,820,771 | ||||||
| Operating loss | (2,281,436 | ) | (738,372 | ) | ||||
| Other (expense)/income | ||||||||
| Other income, net | 34,973 | 78,411 | ||||||
| Interest expense | (483,913 | ) | (583,683 | ) | ||||
| Loss on exercise of warrant liabilities | (15,796,105 | ) | - | |||||
| Changes in fair value of warrant liability | (10,020,212 | ) | - | |||||
| Total other expense, net | (26,265,257 | ) | (505,272 | ) | ||||
| Net loss before income taxes | (28,546,693 | ) | (1,243,644 | ) | ||||
| Income tax expense | (120,538 | ) | (70,751 | ) | ||||
| Loss from Continuing operations | (28,667,231 | ) | (1,314,395 | ) | ||||
| (Loss)/income from discontinued operations, net of tax | (267,288 | ) | 10,492 | |||||
| Net loss | (28,934,519 | ) | (1,303,903 | ) | ||||
| Less net loss in noncontrolling interest | (180,152 | ) | (96,409 | ) | ||||
| Net loss attributable to Cemtrex, Inc. stockholders | $ | (28,754,367 | ) | $ | (1,207,494 | ) | ||
| (Loss)/income per share - Basic & Diluted | ||||||||
| Continuing Operations | $ | (16.15 | ) | $ | (2,440.85 | ) | ||
| Discontinued Operations | $ | (0.15 | ) | $ | 21.03 | |||
| Weighted Average Number of Shares-Basic & Diluted | 1,764,341 | 499 | ||||||
Cemtrex, Inc. and Subsidiaries
Condensed Consolidated Statements of Cash Flows
(Unaudited)
| For the three months ended December 31, | ||||||||
| 2024 | 2023 | |||||||
| Cash Flows from Operating Activities | ||||||||
| Net loss | $ | (28,934,519 | ) | $ | (1,303,903 | ) | ||
| Adjustments to reconcile net loss to net cash used by operating activities | ||||||||
| Depreciation and amortization | 337,259 | 368,301 | ||||||
| Loss on disposal of property and equipment | 18,846 | - | ||||||
| Noncash lease expense | 254,695 | 193,281 | ||||||
| Bad debt (recovery)/expense | (7,367 | ) | 11,964 | |||||
| Contract modification - related party | 280,545 | - | ||||||
| Share-based compensation | 4,087 | 7,557 | ||||||
| Shares issued to pay for services | - | 40,000 | ||||||
| Accrued interest on notes payable | 262,107 | 327,132 | ||||||
| Non-cash royalty income | (13,797 | ) | (13,282 | ) | ||||
| Amortization of original issue discounts on notes payable | 4,167 | - | ||||||
| Loan origination costs | 5,000 | 18,133 | ||||||
| Loss on exercise of warrant liabilities | 15,796,105 | - | ||||||
| Changes in fair value of warrant liability | 10,020,212 | - | ||||||
| Changes in operating assets and liabilities net of effects from acquisition | ||||||||
| of subsidiaries: | ||||||||
| Trade receivables | 1,964,241 | (696,824 | ) | |||||
| Trade receivables - related party | 66,057 | (163,349 | ) | |||||
| Inventory | (4,126,906 | ) | 800,602 | |||||
| Contract assets | (556,032 | ) | 45,066 | |||||
| Prepaid expenses and other current assets | 261,559 | 636,906 | ||||||
| Other assets | 157,699 | (54,592 | ) | |||||
| Accounts payable | (1,051,056 | ) | (2,072,392 | ) | ||||
| Accounts payable - related party | - | 221 | ||||||
| Sales tax payable | (63,509 | ) | (25,116 | ) | ||||
| Operating lease liabilities | (256,271 | ) | (193,130 | ) | ||||
| Deposits from customers | (88,285 | ) | 26,179 | |||||
| Accrued expenses | 4,743,926 | (941,698 | ) | |||||
| Contract liabilities | 24,981 | 8,406 | ||||||
| Deferred revenue | (188,930 | ) | (54,982 | ) | ||||
| Income taxes payable | (149,142 | ) | (7,823 | ) | ||||
| Other liabilities | 32,511 | (95,730 | ) | |||||
| Net cash used by operating activities | (1,201,817 | ) | (3,139,073 | ) | ||||
| Cash Flows from Investing Activities | ||||||||
| Purchase of property and equipment | (924,428 | ) | (290,666 | ) | ||||
| Proceeds from sale of property and equipment | 5,529 | - | ||||||
| Royalties on related party revenues | 10,000 | - | ||||||
| Proceeds from sale of marketable securities | - | 356 | ||||||
| Investment in MasterpieceVR | (100,000 | ) | (100,000 | ) | ||||
| Net cash used by investing activities | (1,008,899 | ) | (390,310 | ) | ||||
| Cash Flows from Financing Activities | ||||||||
| Proceeds on revolving line of credit | 7,025,841 | 11,655,935 | ||||||
| Payments on revolving line of credit | (6,053,954 | ) | (8,371,144 | ) | ||||
| Payments on debt | (124,912 | ) | (2,304,903 | ) | ||||
| Payments on Paycheck Protection Program Loans | (10,123 | ) | (10,120 | ) | ||||
| Proceeds on bank loans | - | 28,331 | ||||||
| Proceeds from notes payable | 500,000 | - | ||||||
| Proceeds from warrant exercises | 1,050,597 | - | ||||||
| Net cash provided by financing activities | 2,387,449 | 998,099 | ||||||
| Effect of currency translation | (132,871 | ) | 198,454 | |||||
| Net decrease in cash, cash equivalents, and restricted cash | 176,733 | (2,531,284 | ) | |||||
| Cash, cash equivalents, and restricted cash at beginning of period | 5,420,392 | 6,349,562 | ||||||
| Cash, cash equivalents, and restricted cash at end of period | $ | 5,464,254 | $ | 4,016,732 | ||||
| Balance Sheet Accounts Included in Cash, Cash Equivalents, and Restricted Cash | ||||||||
| Cash and cash equivalents | $ | 4,224,130 | $ | 2,835,216 | ||||
| Restricted cash | 1,240,124 | 1,181,516 | ||||||
| Total cash, cash equivalents, and restricted cash | $ | 5,464,254 | $ | 4,016,732 | ||||
Cemtrex, Inc. and Subsidiaries
Condensed Consolidated Statements of Cash Flows (Continued)
(Unaudited)
| Supplemental Disclosure of Cash Flow Information: | ||||||||
| Cash paid during the period for interest | $ | 217,639 | $ | 238,418 | ||||
| Cash paid during the period for income taxes, net of refunds | $ | 269,680 | $ | 176,378 | ||||
| Supplemental Schedule of Non-Cash Investing and Financing Activities | ||||||||
| Shares issued to pay for services | $ | - | $ | 40,000 | ||||
| Financing of fixed asset purchase | $ | - | $ | 28,331 | ||||
| Series A Warrant Exercises | $ | 21,515,777 | $ | - | ||||
| Noncash recognition of new leases | $ | 159,086 | $ | - |
FAQ
What caused CETX's revenue decline in Q1 2025?
How significant is the $10.4 million Valerus order for CETX?
What are the key features of CETX's new NEXT™ Modular Camera System?
How did CETX's Industrial Services segment perform in Q1 2025?
