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CEMTREX INC SRS 1 PFD - CETXP STOCK NEWS

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.

News

Cemtrex Subsidiary, Vicon Industries, Launches Anavio, A New Cloud Based, Security Software-as-a-Service Platform For Safer, Smarter Schools

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Cemtrex Inc. launches new cloud security platform, Anavio, designed for schools to deliver safer campuses.
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Cemtrex Receives $1.0 Million Contract from Pennsylvania Borough Stewartstown

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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.
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Cemtrex Receives to Present at LD Micro Main Event XVI Conference on October 3, 2023

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Cemtrex to participate in LD Micro Main Event XVI Conference on October 3-4, 2023
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21.1%
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Cemtrex Receives $1.5 Million Upgrade Order for Vicon Valerus System from Correctional Facility in Maryland

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Cemtrex Inc. receives $1.5 million order for security technology upgrade in a correctional facility
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-0.93%
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Cemtrex Announces Share Repurchase Program for Series 1 Preferred

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Cemtrex announces share repurchase program for Series 1 Preferred stock, aiming to repurchase up to 2,300,000 shares from September 1, 2023, to August 31, 2026.
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1.72%
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Cemtrex Reports Third Quarter 2023 Financial Results

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Cemtrex Inc. reports Q3'23 revenue of $14.7M, a 22% increase YoY. Gross margin improves to 44% and operating income reaches $0.1M, marking the second consecutive quarter of positive operating income. The company closed the acquisition of Heisey Mechanical Ltd., adding $11M in revenue and expanding capabilities. Cash and cash equivalents as of June 30, 2023, were $6.4M.
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Cemtrex to Host Third Quarter 2023 Financial Results Conference Call on August 10, 2023

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Cemtrex Closes Acquisition of Heisey Mechanical Ltd. to Expand AIS Industrial Segment

Rhea-AI Summary
Cemtrex Inc. has closed the acquisition of Heisey Mechanical Ltd., a leading service contractor and steel fabricator specializing in industrial and water treatment markets. The acquisition adds approximately $11 million in revenue and positive cash flow. It expands Cemtrex's capabilities and customers into new markets. The transaction is accretive in the fourth quarter of fiscal year 2023.
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Cemtrex to Acquire Mechanical Contracting and Steel Fabrication Company to Expand AIS Industrial Segment

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Cemtrex Inc. has announced its acquisition of a leading service contractor and steel fabricator specializing in industrial and water treatment markets. The acquisition is expected to add approximately $11 million in revenue and positive cash flow. The transaction is set to close in June 2023 and is projected to be accretive in the fourth quarter of fiscal year 2023.
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Cemtrex to Present at LD Micro Invitational XIII Conference on June 6, 2023

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FAQ

What is the current stock price of CEMTREX SRS 1 PFD (CETXP)?

The current stock price of CEMTREX SRS 1 PFD (CETXP) is $0.04 as of October 11, 2024.

What is the market cap of CEMTREX SRS 1 PFD (CETXP)?

The market cap of CEMTREX SRS 1 PFD (CETXP) is approximately 323.8K.

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.

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CEMTREX INC SRS 1 PFD

Nasdaq:CETXP

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CETXP Stock Data

323.82k
289.81k
5.81%
Software - Infrastructure
Technology
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United States of America
Brooklyn