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Cemtrex Inc. (CETX) is an advanced security technology and industrial services company with two operating subsidiaries: Vicon Industries, Inc. specializing in security surveillance systems and Advanced Industrial Services, Inc. providing industrial contracting services. Vicon delivers mission-critical security solutions with cutting-edge technologies, while AIS offers installation services for various industrial markets. The company recently announced a firm commitment underwritten public offering to raise approximately $10 million for operations, marketing, and debt repayment.
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Cemtrex to participate in LD Micro Main Event XVI Conference on October 3-4, 2023
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Cemtrex Inc. receives $1.5 million order for security technology upgrade in a correctional facility
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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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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 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 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 Inc. has received a $1.1 million order to develop its security technology system for a large border protection customer in Texas. The order expands on a previous $1.5 million order and is expected to be fulfilled by Q2 2023. The global border security system market is projected to reach $43.6 billion in 2023 and grow at a CAGR of 5.8% to reach $76.9 billion by 2033.
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FAQ
What does Cemtrex Inc. (CETX) do?
Cemtrex Inc. owns two operating subsidiaries: Vicon Industries, Inc. specializing in security technology and surveillance systems, and Advanced Industrial Services, Inc. providing industrial contracting services.
What recent achievement did Cemtrex Inc. (CETX) announce?
Cemtrex Inc. recently announced a firm commitment underwritten public offering to raise approximately $10 million for operations, marketing, and debt repayment.
What are the core businesses of Cemtrex Inc. (CETX)?
Cemtrex Inc.'s core businesses include providing advanced security solutions and industrial contracting services to various markets.
When did Cemtrex Inc. (CETX) provide an update on its Q2’24 revenue?
Cemtrex Inc. announced in the latest news that its Q2’24 revenue increased by 7% to $17.2 million.
What are the subsidiaries of Cemtrex Inc. (CETX)?
Cemtrex Inc. owns two subsidiaries: Vicon Industries, Inc. and Advanced Industrial Services, Inc., specializing in security technology and surveillance systems, and industrial contracting services, respectively.
Where can I find more information about Cemtrex Inc. (CETX)?
For more detailed information about Cemtrex Inc., including its subsidiaries and recent achievements, visit the company's website at www.cemtrex.com.
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