Welcome to our dedicated page for CEMTREX SRS 1 PFD news (Ticker: CETXP), a resource for investors and traders seeking the latest updates and insights on CEMTREX SRS 1 PFD stock.
Cemtrex, Inc. (NASDAQ:CETX) is a diversified technology company leading innovation across various sectors like smart technology, AR/VR, electronic systems, industrial solutions, and security systems. With recent restructuring, the company's AIS and Vicon segments are set for revenue growth and profitability. Cemtrex also plans to launch an AI Gun Detection feature in Q2'24, a milestone in identifying armed individuals in surveillance footage.
Furthermore, Cemtrex recently announced a firm commitment underwritten public offering to raise approximately $10 million. The company intends to utilize the net proceeds for operations, marketing, existing initiatives, product investments, and debt repayment. With a global presence, Cemtrex Inc. operates through its subsidiaries Vicon Industries, Inc., a leader in security technology, and Advanced Industrial Services, Inc., specializing in industrial contracting services.
Rhea-AI Summary
Cemtrex Inc. (CETX) reports a 41% increase in Q1’24 revenue to $16.9 million, with the Security segment up 31% and Industrial Services up 55%. Operating loss improved to $0.7 million. Vicon received a $0.8 million order and launched Anavio cloud security platform. AIS secured $3.8 million in new orders. Cash position was $4.0 million as of December 31, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-20.69%
Tags
-
News
Rhea-AI Summary
Cemtrex Inc. (NASDAQ: CETX, CETXP) to Discuss First Quarter Results in Conference Call on February 12, 2024
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
Cemtrex Inc. (NASDAQ: CETX, CETXP) has received a $0.8 million second phase order to develop security technology for a New Jersey School District project. The order includes new solutions such as Valerus video management software and Roughneck cameras and servers. The project is expected to be fulfilled in the first and second quarters of calendar 2024. The demand for physical security equipment is on the rise, with Vicon's Security segment experiencing a 46% increase in revenues in FY'23, reaching $34.7 million. The market for physical security equipment is expected to reach $57.0 billion in 2024, with video surveillance growing at a CAGR of 8.2% to $33.0 billion. Vicon's expertise in security products and services positions them to potentially grow 15-20% on average over the next few years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
44.99%
Tags
Rhea-AI Summary
Cemtrex Inc. (CETX) has announced receiving $3.8 million in new orders through its Advanced Industrial Services subsidiary. This includes a $2.2 million order for a geothermal system update for a Northeastern School District and a $1.6 million order for the fabrication of a key component for a motion control technologies company. The company's Advanced Industrial Services segment saw an 18% increase in revenues in FY'23, reaching $25.0 million. The escalating need for industrial services is being driven by the growing market towards $45.3 billion in 2028, with potential for 32% revenue growth in FY'24.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
Cemtrex Inc. (NASDAQ: CETX, CETXP) has scheduled a special meeting of stockholders of the Series 1 Preferred Stock to vote on amending the Company's Certificate of Designations, Preferences and Rights of Series 1 Preferred Stock to effect a reverse stock split and increase the liquidation value and voting rights. The Special Meeting was adjourned due to insufficient votes, with only 41.21% of eligible shareholders participating. The meeting will reconvene on Friday December 29, 2023, at 12:00 pm Eastern Time.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.13%
Tags
-
Rhea-AI Summary
Cemtrex Inc. (NASDAQ: CETX, CETXP) reported a 46% increase in Q4’23 revenue to $16.9M with 3rd consecutive quarter of positive operating income of $0.2M. Fiscal Full Year 2023 revenue increased 33% to $59.7M. Gross margin was up 680 basis points to 44% in FY’23. Cemtrex expects to file its Form 10-K with the SEC after the market close on Wednesday, December 27, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-18.99%
Tags
News
Rhea-AI Summary
Vicon Industries, a subsidiary of Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), and Omnilert have announced the integration of Valerus VMS with Omnilert's AI visual gun detection system. This integration allows Valerus users to instantly trigger an alarm when a firearm is detected in live video feeds, enabling a series of pre-planned responses to be initiated. The Omnilert Gun Detect AI software leverages Vicon cameras to create an early gun detection solution, providing advance warning and potentially saving lives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.82%
Tags
-
Rhea-AI Summary
Cemtrex Inc. (NASDAQ: CETX, CETXP) to Discuss Q4 and Full Fiscal Year Results in Conference Call
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.11%
Tags
-
Rhea-AI Summary
Cemtrex Inc. launches new cloud security platform, Anavio, designed for schools to deliver safer campuses.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.42%
Tags
Rhea-AI Summary
Cemtrex Inc. receives a $1.0 million order for a project through its subsidiary, Advanced Industrial Services, following the acquisition of Heisey Mechanical. The contract extends into 2024 and includes various improvements. AIS plans to utilize internal employees for more portions of the project. The acquisition enables AIS to expand into new markets and increase revenue growth in the water treatment industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.36%
Tags
FAQ
What is the current stock price of CEMTREX SRS 1 PFD (CETXP)?
The current stock price of CEMTREX SRS 1 PFD (CETXP) is $0.111 as of December 19, 2024.
What is the market cap of CEMTREX SRS 1 PFD (CETXP)?
The market cap of CEMTREX SRS 1 PFD (CETXP) is approximately 634.0K.
What sectors does Cemtrex, Inc. operate in?
Cemtrex is active in smart technology, AR/VR, electronic systems, industrial solutions, and security systems.
What recent achievement has Cemtrex made?
Cemtrex completed restructuring, positioning its AIS and Vicon segments for revenue growth and operating profitability.
What milestone is Cemtrex set to achieve in Q2'24?
Cemtrex is launching an AI Gun Detection feature in the second quarter of 2024, enabling the identification of armed individuals in surveillance footage.
How is Cemtrex planning to utilize the proceeds from the public offering?
Cemtrex intends to use the net proceeds for operations, marketing efforts, existing business initiatives, product investments, and partial debt repayment.
What are the subsidiaries of Cemtrex, Inc.?
Cemtrex operates through its subsidiaries Vicon Industries, Inc., a leader in security technology, and Advanced Industrial Services, Inc., specializing in industrial contracting services.
How is Cemtrex positioned for growth and innovation?
Cemtrex's focus on technology sectors like smart technology, AR/VR, electronic systems, industrial solutions, and security systems drives its innovation and growth.
What can investors expect from Cemtrex in terms of revenue growth?
Cemtrex recently reported a 7% increase in Q2'24 revenue, showcasing the company's growth trajectory.
Where can I find more information about Cemtrex, Inc.?
For detailed insights on Cemtrex, visit the company's official website at www.cemtrex.com.
CEMTREX INC SRS 1 PFD