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Cemtrex Inc

Cemtrex Inc (CETX)

4.19
-0.07
(-1.64%)
Closed March 29 04:00PM
4.02
-0.17
(-4.06%)
After Hours: 07:59PM

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Key stats and details

Current Price
4.02
Bid
3.96
Ask
4.40
Volume
15,598
4.14 Day's Range 4.34
2.91 52 Week Range 11.45
Market Cap
Previous Close
4.26
Open
4.14
Last Trade Time
Financial Volume
$ 65,807
VWAP
4.2189
Average Volume (3m)
58,057
Shares Outstanding
1,055,636
Dividend Yield
-
PE Ratio
-0.48
Earnings Per Share (EPS)
-8.71
Revenue
59.37M
Net Profit
-9.2M

About Cemtrex Inc

Cemtrex, Inc. is a diversified technology company that's driving innovation in a wide range of sectors, including smart technology, virtual and augmented realities, advanced electronic systems, industrial solutions, and intelligent security systems. Cemtrex, Inc. is a diversified technology company that's driving innovation in a wide range of sectors, including smart technology, virtual and augmented realities, advanced electronic systems, industrial solutions, and intelligent security systems.

Sector
Electronic Components, Nec
Industry
Electronic Components, Nec
Website
Headquarters
Wilmington, Delaware, USA
Founded
1970
Cemtrex Inc is listed in the Electronic Components sector of the NASDAQ with ticker CETX. The last closing price for Cemtrex was $4.26. Over the last year, Cemtrex shares have traded in a share price range of $ 2.91 to $ 11.45.

Cemtrex currently has 1,055,636 shares outstanding. The market capitalization of Cemtrex is $4.42 million. Cemtrex has a price to earnings ratio (PE ratio) of -0.48.

CETX Latest News

Cemtrex’s Advanced Industrial Services Secures New Orders Totaling $2.1 Million

Hauppauge, NY, March 11, 2024 (GLOBE NEWSWIRE) --  - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, today announced it has received $2.1...

Cemtrex Announces Beta Release of Pioneering AI Gun Detection Feature

Hauppauge, NY, March 06, 2024 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, today announced that its subsidiary...

Cemtrex Issues Shareholder Letter and Provides Corporate Update

Brooklyn, NY, Feb. 28, 2024 (GLOBE NEWSWIRE) --  - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, today issued a letter to shareholders from...

Cemtrex Reports First Quarter 2024 Financial Results

Brooklyn, NY, Feb. 12, 2024 (GLOBE NEWSWIRE) --  - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, has reported its unaudited financial and...

Cemtrex to Host First Quarter 2024 Financial Results Conference Call on Monday, February 12, 2024

Brooklyn, NY, Feb. 09, 2024 (GLOBE NEWSWIRE) --  - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, will hold a conference call on Monday...

Cemtrex Receives $0.8 Million Additional Vicon Industries Order from School District Customer

Brooklyn, NY, Feb. 01, 2024 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, today announced it has received a $0.8...

Cemtrex Receives $3.8 Million for Two Advanced Industrial Services Projects

Brooklyn, NY, Jan. 31, 2024 (GLOBE NEWSWIRE) --  - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, today announced it has received $3.8...

Cemtrex Inc. to Reconvene Special Meeting Of Series 1 Preferred Stock Shareholders on Friday December 29, 2023 at 12:00 pm. Eastern Time 

The Board of Directors recommends that you vote on the proxy card:“FOR” amending the Company’s Certificate of Designations, Preferences and Rights of Series 1 Preferred Stock to (i) effect a...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-0.48-10.66666666674.54.58334.0501232924.30109401CS
40.277.23.755.763.21003724.43189098CS
12-0.55-12.03501094094.575.762.91580574.20243253CS
26-0.71-15.01057082454.736.492.91379034.45379271CS
52-3.89-49.17825537297.9111.452.91399135.82019528CS
156-2421.48-99.83426097712425.53135.022.918453251514.20615184CS
260-649.885-99.3852317997653.9056602.752.9113453952139.49255982CS

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CETX Discussion

View Posts
jedijazz jedijazz 3 weeks ago
$CETX News: Cemtrex’s Advanced Industrial Services Secures New Orders Totaling $2.1 Million
Cemtrex Inc.
Mon, Mar 11, 2024, 8:45 AM EDT

Hauppauge, NY, March 11, 2024 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, today announced it has received $2.1 million in new orders through its Advanced Industrial Services (“AIS”) subsidiary underscoring the Company’s strong market position and optimistic growth outlook. These orders, including a $1.6 million order for two relocation projects from a leading printing and graphics company, and a $0.5 million order to remove existing equipment for an engineering and construction company, affirm AIS’ commitment to delivering excellence across its service offerings.

Scheduled for completion within this fiscal year, these projects will leverage AIS’s comprehensive suite of services, including mechanical, electrical, piping, and project management. This approach not only demonstrates AIS’s capability to handle complex industrial requirements but also reinforces its position as a preferred partner in the industry. Details of the customers were not provided due to confidentiality agreements in place.

“AIS continues to capture orders from leading companies, building a pipeline of growth that we believe will produce a record year of revenue for the Company in 2024,” said Saagar Govil, Chairman and CEO of Cemtrex. “AIS’ expertise and capabilities in plant and equipment erection, relocation, and disassembly attracts a variety of companies across the country to help facilitate these types of projects. In the last few years, companies have been increasingly adjusting production capacity with demand, including adding new machinery or equipment being taken out of service and relocated to other locations. We also believe that continued reshoring of manufacturing to the US will play a key role in AIS’ long-term growth, with additional similar relocation wins. Taken together, we continue to believe with additional orders ahead, AIS has the potential to reach more than 30% annual revenue growth in FY’24. Moreover, we continue to explore acquisition opportunities that can enhance the Company’s market reach and service capabilities, and further drive AIS’ growth.”

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.

CONTACT: Investor Relations Chris Tyson Executive Vice President – MZ North America Direct: 949-491-8235 CETX@mzgroup.us www.mzgroup.us
👍️ 1 😍 1
jedijazz jedijazz 3 weeks ago
$CETX $4.70 Close +34.29% HOD $5.76 on news! #bullish
👍️ 2 💪 1 💯 1 🚀 1
ProfitScout ProfitScout 3 weeks ago
$CETX News: Cemtrex Announces Beta Release of Pioneering AI Gun Detection Feature

Disruptive Artificial Intelligence (AI) Gun Detection Feature to Launch in the Second Calendar Quarter of 2024, Marking a Significant Milestone Achievement for Detecting Armed Persons in Surveillance Footage

Hauppauge, NY, March 06, 2024 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, today announced that its subsidiary, Vicon, is expected to commence the beta release of its innovative Artificial Intelligence (AI) gun detection feature in the second calendar quarter of 2024, marking a significant milestone in public safety and security technology. This groundbreaking feature is designed to function on edge devices, offering a low-cost, high-efficiency solution for detecting armed persons in surveillance footage and enhancing the capabilities of video management systems to initiate specific responses upon detection.

The introduction of this AI feature, with full commercialization planned for the second half of 2024, is part of Vicon’s commitment to developing cutting-edge solutions that meet the dynamic needs of our customers. This commercialization strategy allows for gathering real-world insights and refining the technology based on feedback from live environments, ensuring the delivery of a superior product experience. Current solutions on the market are generally server-based which are extremely cost prohibitive and difficult to deploy, whereas Vicon’s approach for an edge-based solution, offers a more effective alternative.

Vicon, in collaboration with its technology partners, is developing this feature to provide real-time alerts and facilitate rapid response, thereby playing a crucial role in enhancing security measures and potentially preventing violent incidents before they occur. The value of integrating gun detection technology into video surveillance systems offers significant advancements in the ability of organizations to protect their premises and the people within them, providing peace of mind in increasingly uncertain times.

"Our goal is not only to innovate but to make a meaningful contribution to public safety," said Saagar Govil, CEO of Cemtrex. "The early adoption and feedback through our beta release are vital in shaping a solution that truly meets societal needs. By making advanced gun detection technology accessible and affordable, we aim to equip organizations with the tools they need to enhance their security protocols and respond more effectively to potential threats."

Gun violence remains a pressing issue in the United States, with provisional data for 2022 from the Centers for Disease Control and Prevention highlighting the urgent need for innovative solutions:

Over 48,000 firearm-related deaths, including nearly 20,000 homicides, were recorded in the U.S.
An average, 132 Americans died from a firearm-related injury each day, with hundreds more shot and injured.
Guns remained the leading cause of death for children and teens, climbing 87% in the last decade.
Recent years have seen a stark increase in school shootings, with 2021, 2022 and 2023 all setting records since at least 2008. There were at least 82 incidents in 2023, but 2022 was one of the deadliest years, with 46 fatalities, according to CNN.
Vicon's AI gun detection technology aims to contribute significantly to efforts to reduce gun violence and its devastating impact on communities across the nation. The Company sees the market opportunity for this feature to be vast, ranging from schools, hospitals, government buildings, retail, to religious institutions.

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.


https://www.globenewswire.com/newsroom/ti?nf=OTA1OTAyMiM2MTIzNTA1IzIwNDk3MDg=
https://ml.globenewswire.com/media/YmFhNDM0Y2ItNmNiNS00MmQ5LThkNDgtNGYyMDA2ZDBlNWU4LTEwNjEyNzk=/tiny/Cemtrex-Inc-.png
Investor Relations
Chris Tyson
Executive Vice President – MZ North America
Direct: 949-491-8235

CETX@mzgroup.us
www.mzgroup.us

Source: Cemtrex Inc.
👍️ 2 💪 1
Awl416 Awl416 3 weeks ago
Cemtrex Announces Beta Release of Pioneering AI Gun Detection Feature
👍️0
jedijazz jedijazz 4 weeks ago
Cemtrex Issues Shareholder Letter and Provides Corporate Update; Completed Restructuring in 2023 Now Positions AIS and Vicon Segments for Continued Revenue Growth and Expanded Operating Profitability $CETX https://finance.yahoo.com/news/cemtrex-issues-shareholder-letter-provides-133000050.html
👍️ 2 💪 1 💯 1
jedijazz jedijazz 4 weeks ago
$CETX 3.7888 +0.1088 +2.96% HOD $3.98 Weekly chart looks great!
👍️ 1 💪 1 💯 1
jedijazz jedijazz 4 weeks ago
$CETX $3.75 Close Thin to $4.00! #Bullish as Cemtrex Issues Shareholder Letter and Provides Corporate Update; Completed Restructuring in 2023 Now Positions AIS and Vicon Segments for Continued Revenue Growth and Expanded Operating Profitability https://finance.yahoo.com/news/cemtrex-issues-shareholder-letter-provides-133000050.html
👍️ 1 💪 1 💯 1 😍 1 🚀 1
jedijazz jedijazz 4 weeks ago
$CETX Cemtrex Inc. (CETX) a company that owns two operating subsidiaries: Vicon Industries Inc and Advanced Industrial Services Inc. Completed Restructuring in 2023

Its AIS and Vicon Segments Are Forecast for Continued Revenue Growth and Expanded Operating Profitability

https://finance.yahoo.com/news/cemtrex-issues-shareholder-letter-provides-133000050.html
👍️ 1 😍 1
jedijazz jedijazz 4 weeks ago
$CETX now $3.83 HOD $3.90 on ASK!
👍️ 1 💯 1
jedijazz jedijazz 4 weeks ago
$CETX $3.75 Thin to $4.00! #bullish as Cemtrex Issues Shareholder Letter and Provides Corporate Update; Completed Restructuring in 2023 Now Positions AIS and Vicon Segments for Continued Revenue Growth and Expanded Operating Profitability https://finance.yahoo.com/news/cemtrex-issues-shareholder-letter-provides-133000050.html
👍️ 1 💥 1 💪 1 💯 1 🚀 1
ProfitScout ProfitScout 4 weeks ago
$CETX News: Cemtrex Issues Shareholder Letter and Provides Corporate Update

Completed Restructuring in 2023 Now Positions AIS and Vicon Segments for Continued Revenue Growth and Expanded Operating Profitability

Brooklyn, NY, Feb. 28, 2024 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, today issued a letter to shareholders from Chairman and CEO Saagar Govil.

To the Shareholders of Cemtrex, Inc.,

I wanted to provide you with a detailed update on Cemtrex’s activities over the last several months. If you have been following our progress closely then you will know that we have made many changes to our organization with the hope that we will generate attractive returns for all of you as we go forward. I also wanted to take this opportunity to talk a little bit more in depth about our Company in a way that might provide additional insight into why management has made some of the decisions we have, and how management views the current opportunities in our portfolio.

Over the last five years we have made a number of different investments. Some have proven to be quite fruitful while others, unfortunately, have not led to great results. We cannot change the missteps we have taken, but we have certainly learned from them and learned how to avoid them in the future. While we remain bullish in the emerging opportunities that Cemtrex invested in over the last five years, like Virtual Reality and SmartDesk, it became readily apparent that we could not effectively drive the best outcomes with these long-term investments due to the enormous cash requirements and operating losses that would be required to see these through. Private companies have certain luxuries that public companies do not have when it comes to building startups, particularly in rising interest rate environments. As a result, we made the difficult but ultimately correct decision to exit these businesses.

Looking ahead, we can confidently say that the path we are on today is clearer than ever, with the highest assurance of success that we have had since the Company’s inception. But what does success mean? For us, a company over the long term should be able to generate a higher return with its cash than would be possible by investing it in the S&P 500 index. Everything starts with this fundamental premise. Sadly, today there are many public companies that do not meet this test, including ours in recent years. Over the last ten years, despite making several smart decisions, we made some unforced errors which resulted in relinquishing any positive returns in our common stock that could have been realized. However, despite these setbacks we remain well poised for a positive turnaround on this front. Based on the numerous changes over the last twenty four months and restructuring of our business that we undertook in November of 2022, I am confident that we are on the right track to start consistently driving above average returns. Let’s dive into why that is the case:

With the restructuring completed Cemtrex owns two great businesses: Vicon Industries, Inc. (“Vicon”) which comprises our Security segment, and Advanced Industrial Services, Inc. (“AIS”) which comprises our Industrial segment.

When we make an investment, we primarily look at two measures of capital return efficiency. The first is with respect to our investment. What is the cash-on-cash return of the investment over its life compared to the S&P 500? Additionally, we look at, on an annual basis, what is the Annual Net Income against the starting FY Shareholder’s Equity in the business?

We acquired AIS during our FY 2016 for a total purchase price of $7,500,000. Out of that purchase price, Cemtrex contributed $1,000,000 of equity, which was paid in the form of Cemtrex stock. The balance of the purchase price was financed through debt. Looking at the Net Income of the business, excluding the unusual benefits of COVID-19 relief programs like PPP that took place in 2021, the cumulative return on that investment over the eight years we have owned AIS has been $8,628,084 or 863%. When that cumulative return is averaged over the 8 years ownership it represents a 108% annual return on Cemtrex’s invested capital.

Furthermore, when we look at our second measure for this business, the annual return on equity, we see additional encouraging results. The annual return on beginning shareholder’s equity for AIS, on average, over the last 8 years, again excluding PPP benefits in 2021, has been approximately 35%. This important measure encourages management to continue investing its equity into this business to drive outsized returns. Additional factors that make AIS an attractive business are: 1) approximately 70% of our sales come from repeat customers we do business with; 2) attractive 30%+ gross margins that we see further opportunity to drive higher as we grow the business; 3) the macro-economic factors in the U.S. that are driving growth, including increased infrastructure spending and reshoring of manufacturing.

For FY 2023, AIS produced strong results, with sales reaching $25 million compared to $21.2 million for the prior year, an increase of 18%. Additionally, operating income increased from $.6 million in FY 2022 to $3.1 million in FY 2023, representing a 400% increase in operating earnings for the period.

Regarding our Security segment, let’s focus on our investment in Vicon of which we own 95%. Cemtrex has invested approximately $22.95 million of its own cash into Vicon, as debt and equity, to date over the five years of ownership, including the cost of acquiring the shares of the business as well as additional investments made into the company to grow it. At the time our initial investment was made the market cap of the company was approximately $5.5 million. Today, with the company doing $34.7 million in annual revenue and three sequential quarters of operating profit in FY 2023, we can conservatively estimate the enterprise value of Vicon to be substantially higher than when we made our investment and our return on equity, when annualized over the 5 years of ownership, far exceeds the competing return on the S&P 500.

In FY 2023, Vicon produced significantly better results, with sales growing from $23.8 million in FY 2022 to $34.7 million in FY 2023, an increase of 46%. Gross Profit improved from $8.5 million in FY 2022 to $15.6 million in FY 2023, an increase of 85%. The operating loss at Vicon was reduced from $6.1 million in FY 2022 to $0.6 million in FY 2023, a reduction of 92%, and the Company has had an operating profit three of the last four quarters.

The exciting part is that we believe relative to our current investment, limited additional capital, if any, will be required on Cemtrex’s behalf to drive further growth at Vicon. Based on the continued opportunity for growth, we believe that Vicon has tremendous potential to increase its enterprise value over the next five years that would maintain or exceed the annual return on our capital. This will be accomplished primarily by driving further topline growth, increasing operating profits, and scaling Annual Recurring Revenue (“ARR”) products that we believe can drive multiple expansion.

In our segment reporting we now carve out our Corporate costs, essentially the costs to manage these portfolio companies and the costs of being a public company, as a separate segment so that it is easier for our shareholders to better ascertain the underlying performance of the businesses we own. The Corporate costs today reduce our operating income meaningfully, but as we scale the business these costs will continue to remain at low levels relative to our earnings.

As legendary investor Peter Lynch said, “Often, there is no correlation between the success of a company’s operations and the success of its stock over a few months or even a few years. In the long term, there is a 100% correlation between the success of a company and the success of its stock.” Our goal going forward is to leverage our capital in a way to drive excellent operating results and thus deliver exceptional returns on our investments over time. We remain confident that as we stay on this path the consistent results in the business will begin to be reflected in our stock.

All the above certainly doesn’t summarize all the accomplishments that have taken place within our Company this past year. We have added a number of talented employees, restructured some of our debt to give us greater flexibility for growth, completed an important acquisition at AIS, and launched several exciting products at Vicon that will set it on a path for long term success for years to come. We feel, based on the results above, that FY 2023 represents a key turning point for us, as we have a renewed focus, clarity, and resolve to deliver exceptional results going forward.

Sincerely,

Saagar Govil
Chairman and Chief Executive Officer

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 http://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.



https://www.globenewswire.com/newsroom/ti?nf=OTA1NDkzNyM2MTEyMTUwIzIwNDk3MDg=
https://ml.globenewswire.com/media/YmVkYTQxMGItNDhhMy00MjFhLWJhMTEtZDM5MzJhMmQzNjcwLTEwNjEyNzk=/tiny/Cemtrex-Inc-.png
Investor Relations
Chris Tyson
Executive Vice President – MZ North America
Direct: 949-491-8235

CETX@mzgroup.us
www.mzgroup.us

Source: Cemtrex Inc.
👍️ 2 💪 2
Awl416 Awl416 2 months ago
Cemtrex Receives $3.8 Million for Two Advanced Industrial Services Projects
👍️0
jedijazz jedijazz 11 months ago
$CETX Cemtrex’s Vicon Launches New Suite of AI-Based Analytics with Enhanced Lineup of Vicon Roughneck AI Camera Series; Novel Edge-based Analytics Provide More Efficient Searches and Real Time, Meaningful Alarms https://finance.yahoo.com/news/cemtrex-vicon-launches-suite-ai-131000585.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr
@YahooFinance
👍️ 1
Laster Laster 11 months ago
Closed above $10. Super low float.
Next GFAI or CXAI?
I think so. This could run to $14 today.
JMO.
Good luck trading,
👍️0
Laster Laster 12 months ago
Next GFAI stock.
Low float. AI. Earnings.
Come on people.
Trying to keep above $10.
I think we are really close.
JMO
👍️0
Laster Laster 12 months ago
Just need to pass $10 on volume then FOMO.
Slow grind right now.
Holding nicely in the upper $9’s.
People will likely look for next GFAI.
I believe CETX fits the bill.
JMO.
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jedijazz jedijazz 12 months ago
Good morning. Very possible here. $CETX momentum building.
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jedijazz jedijazz 12 months ago
$CETX NASDAQ https://www.marketwatch.com/press-release/800000-contract-awarded-for-cutting-edge-ai-based-end-to-end-security-surveillance-package-in-new-uk-prison-cemtrex-inc-nasdaq-cetx-2023-04-05?mod=mw_quote_news_seemore
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Laster Laster 12 months ago
Next AI low float runner?
Just look at what GFAI did last week.
CETX could run to $20.
Just need to move past $10 with volume then FOMO.
JMO. good luck trading.
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jedijazz jedijazz 12 months ago
$CETX Press Release: $800,000 Contract Awarded for Cutting-Edge, AI Based End to End Security Surveillance Package in New UK Prison: Cemtrex Inc. (NASDAQ: CETX) https://www.marketwatch.com/press-release/800000-contract-awarded-for-cutting-edge-ai-based-end-to-end-security-surveillance-package-in-new-uk-prison-cemtrex-inc-nasdaq-cetx-2023-04-05?mod=mw_quote_news_seemore
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budfoxfun budfoxfun 12 months ago
March 22, 2023 (GLOBE NEWSWIRE) -- Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, has received a $0.8 million order through Vicon Industries for a new prison being built in the United Kingdom to install a full end-to-end system of Vicon’s surveillance products including hardware and software.

The new Category C prison, with cell space for 1,400 prisoners, has been designed to incorporate the latest smart technologies to better protect prisoners, staff and the public. It will also be the first new prison in the U.K. set to operate as zero-carbon in the future, with an all-electric design, solar panels, heat pumps and energy-efficient lighting systems.
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jedijazz jedijazz 12 months ago
$CETX Cemtrex’s Vicon Launches New Suite of AI-Based Analytics with Enhanced Lineup of Vicon Roughneck AI Camera Series; Novel Edge-based Analytics Provide More Efficient Searches and Real Time, Meaningful Alarms https://finance.yahoo.com/news/cemtrex-vicon-launches-suite-ai-131000585.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr
@YahooFinance
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budfoxfun budfoxfun 12 months ago
$CETX green heading into power hour!
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jedijazz jedijazz 12 months ago
$CETX Adding more as Cemtrex Inc. Announces Vicon End-to-End Security System Order for Next Generation Zero-Carbon Prison System in United Kingdom https://finance.yahoo.com/news/cemtrex-announces-vicon-end-end-120000840.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr via @YahooFinance #security
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kwaza kwaza 1 year ago
Yeah, this one is so oversold. Retail traders are finally noticing this one. Well see how well it performs this week.
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makinezmoney makinezmoney 1 year ago
$CETX: BOOOmmmmmmmmmmmmm.......... now $15

MCap is only $5Milly and Annual Sales of $50Milly

WOAhhhhhhhhhhhhh this could fly with only 670k float


BOOOMmmmmmmmmmmmmmmmmmmmm



GO $CETX
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Laster Laster 1 year ago
Let’s see how the RS plays out.
Might drop the first few days.
But, this stock has a history of unexpected pops.
Good luck.
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reena969 reena969 1 year ago
up 12% on 1.3 mil volume, need to retest VWAP,
what's this?
report 12/29...Hmmmm
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crudeoil24 crudeoil24 1 year ago
CETX > GANGBUSTERS!!!!!
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makinezmoney makinezmoney 1 year ago
$CETX: There she goes now....... bounce from 0.165


Now at $0.30 !!!!!!!!!!!!!!!



BOOOOMMMMMMMMMMMMMMm


nice doubler there


GO $CETX
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Renee Renee 1 year ago
CETX: SEC Cease and Desist Order:

https://www.sec.gov/litigation/admin/2022/33-11114.pdf
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USAMade USAMade 2 years ago
The company should have kept the rob cemtrex division. That was the bulk of the revenues.

I realize it was lower margin work but they had the ability to offset losses. Now they are in a battle to increase too line numbers to cover the losses. It’s a tough with such a high burn rate
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Zardiw Zardiw 2 years ago
#DDAmanda Chart on: $CETX :

You can scan for these before they run.



#DDAmanda is still the best way to find #WinningStocks before they run.
Contact/Text: 760 702-2009

What the Fact (Factor) Column is:

The Factor is a proprietary indicator used for scanning in #DDAmanda.

It's defined as Today's $Traded divided by the average daily $Traded (20 day avg).

SO, if a stock has say a 10 Factor that day, it means she traded 10 Times the $ she normally trades.

That's significant, and many times indicates that a run in the stock is coming.






Z
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INFINITI INFINITI 2 years ago
Looks good here
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wesley_ wesley_ 2 years ago
$.47 nice
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MitchDB MitchDB 2 years ago
Cash money is disappearing fast
Not much longer till mores shares issued or end of the stock

Net loss for the quarter ended March 31, 2022 was $4.7 million, as compared to a net income of $2.4 million in 2021. Net loss increased in the first quarter as compared to the same period last year primarily due to costs of revenues and operating expenses.

Cash and cash equivalents totaled $9.0 million at March 31, 2022, as compared to $15.4 million at September 30, 2021.
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MitchDB MitchDB 2 years ago
EVERY day is a new 52 week LOW for CETX

Soon it may not be
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makinezmoney makinezmoney 2 years ago
$CETXP: Now 2.90

HOllllllllyyyyyyyyyyyyyyyyyy CRAPPPPPPPPPPPPPPP


WHATTA WINNER TODAY



GO $CETXP
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makinezmoney makinezmoney 2 years ago
$CETX: Now 2.34........... WOW


$BDCO should be ripping high like this if $CETXP can do it.


GOOOOOOOOOOOOOOOOOO BDCO


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makinezmoney makinezmoney 2 years ago
$CETXP: Ripping up to $1.88 already


BOOOOOOOOOOOOOOoommmmmmmmmmmmmmmmmmmmmm



GO $CETXP
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MitchDB MitchDB 2 years ago
it's getting worse here every day, DELISTING SOON
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glens0 glens0 2 years ago
That’s OK I made some $$ of CETX today
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lucky2505 lucky2505 2 years ago
Obvious manipulation by the Govil crime clan today following a fluff pr about Saagar's Folly, the SmartDesk, which was dead on arrival in 2018.
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lucky2505 lucky2505 2 years ago
Approximately 21M outstanding shares and over 56M shares changed hands today so, yeah, the Govil crime clan is manipulating the stock for its nefarious purposes.
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USAMade USAMade 2 years ago
Cemtrex Provides Corporate Update on Business Operations


Brooklyn, NY, Oct. 12, 2021 (GLOBE NEWSWIRE) --  - Cemtrex Inc. (NASDAQ: CETX, CETXP, CETXW), a company driving innovation in Internet of Things (IoT), security, machine vision & artificial intelligence, and augmented & virtual reality, today provided a corporate update on its business operations, financials and industry outlook.??
Cemtrex is a diversified holding company with operating brands that now include:
Vicon Industries Inc. - Creating the best video surveillance solutions for commercial, industrial, and government applications.
SmartDesk - State of the art, fully integrated, intelligent workstations for modern workflows.
CXR - Realizing the potential of VR/AR by offering development services, building in-house VR/AR first brands, and investing in best-in-class companies and brands.
CXR Inc. - Creating VR / AR solutions for third party brands like Richemont, Modelo and more.
Bravo Strong VR – VR Gaming Studio working to develop action and adventure facets of the spatial computing metaverse
Virtual Driver Interactive - Training solutions for novice drivers.
Advanced Industrial Services – Single source, premier industrial contracting firm.
Goodtech (formerly CemtrexLabs) - Full-stack, creative technology lab specializing in enterprise, web, and mobile development, user experience design and innovative engineering services.
“Throughout the second half of CY 2021 we have continued to see demand improvement as the economy has reopened and businesses are returning to pre-pandemic operations,” said Saagar Govil, Cemtrex CEO. “In response we are investing in sales and marketing staff across the board to grow our business and increased R&D spend to drive innovation. We expect these investments to drive top line growth over the next two to three years. Additionally, we continue to evaluate acquisition opportunities for strategic growth. Operationally we are advancing our product development and pipelines across all our brands."
“This year we made substantial progress in our product roadmap by releasing a brand new NDAA compliant state-of-the-art camera line, a new high end sever line, as well as some exciting products like our 360-degree multisensor camera and thermal kiosk camera. Vicon will be launching a proprietary AI based analytics solution next year as well as major improvements to its core software platform Valerus. We remain positive on our outlook for Vicon as the Security Technology market continues to improve and with on-going investment into the product roadmap and business we expect ongoing momentum with our internationally recognized brand."
“In the first quarter of 2021, we announced the next generation SmartDesk, the SmartDesk Connect. The product is an evolution of original patented SmartDesk, providing many of the same features but also allowing users to use their own laptop instead of a built-in PC. SmartDesk has experienced some supply chain and delivery issues over the last two quarters resulting in limited product deliveries of SmartDesk Connect. However, we expect these issues to resolve in CY21 Q4 and we plan to ramp up our sales and marketing efforts thereafter."
“Bravo Strong has continued with the development of our first VR game and expects a beta release of StarForceVR in Oculus Quest App Lab in CY22 Q1. StarForce VR is a first-person shooter experience that is based off the popular sci-fi series, Star Force, by BV Larson and we expect interest for this game based on this bestselling author’s series."
“Looking ahead we are highly committed on executing our development roadmap of next generation high tech products in IoT, AR & VR, as well as in Artificial Intelligence and Machine Vision for security applications. Our positive outlook for 2022 is driven by a focus on innovation and product development, and by the achievements of our operating brands. We expect an improvement in our business as the pandemic recedes and with our operational investments are well positioned for long term growth,” concluded Govil.

About Cemtrex
Cemtrex, Inc. (CETX) is a leading multi-industry technology company that is driving innovation in markets such as Internet of Things (IoT), Augmented and Virtual Reality (AR & VR), and Artificial Intelligence and Computer Vision (AI & CV) in a wide range of sectors, including consumer products, industrial manufacturing, digital applications, and intelligent security & surveillance systems. 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
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236T568 236T568 3 years ago
Oh my...

fun times ahead with the SEC for this Rodriguez dude



Alpha Stock News
6100 Mellow Trail, Marianna FL, 32446
(main number) (503) 464-6502
Email: contact@alphastocknews.com

CNA Finance, LLC
9605 NW 4th Street, Coral Springs, FL 33071
(main number) (503) 464-6502
Email: CNAFinanceHelp@gmail.com



Back to renting bounce houses I guess

Contact
Map pin
Marianna Bounce House Rentals
6100 Mellow Trail
Marianna, FL 32446
(503) 464-6502
Visit Website

Joshua Rodriguez
Age 33 (Sep 1987)
Full Background Report Available
Also Known As
Joshua Lee Rodriguez
Current Address
6100 Mellow Trl
Marianna, FL 32446
Jackson County
(Jul 2018 - Jul 2021)
Phone Numbers
(503) 464-6502 - Wireless
Last reported Apr 2021
👍️0
samsamsamiam samsamsamiam 3 years ago
Alpha Stock News
6100 Mellow Trail, Marianna FL, 32446
(main number) (503) 464-6502
Email: contact@alphastocknews.com

CNA Finance, LLC
9605 NW 4th Street, Coral Springs, FL 33071
(main number) (503) 464-6502
Email: CNAFinanceHelp@gmail.com



Back to renting bounce houses I guess

Contact
Map pin
Marianna Bounce House Rentals
6100 Mellow Trail
Marianna, FL 32446
(503) 464-6502
Visit Website

Joshua Rodriguez
Age 33 (Sep 1987)
Full Background Report Available
Also Known As
Joshua Lee Rodriguez
Current Address
6100 Mellow Trl
Marianna, FL 32446
Jackson County
(Jul 2018 - Jul 2021)
Phone Numbers
(503) 464-6502 - Wireless
Last reported Apr 2021
👍️0
236T568 236T568 3 years ago
CETX - SEC Files Charges in Multi-Million Dollar Fraud Involving Two Companies
FOR IMMEDIATE RELEASE
2021-132

Washington D.C., July 19, 2021 —
The Securities and Exchange Commission today announced charges against Aron Govil of Jacksonville, Florida, for defrauding investors in two companies he controlled, Cemtrex Inc. and Telidyne Inc.

According to the SEC’s complaint, filed today in U.S. District Court for the Southern District of New York, Govil, the controlling shareholder and executive director of Cemtrex, misappropriated over $7 million of Cemtrex investor funds between April 2016 and January 2018 to finance his personal business ventures and to pay his personal expenses. The complaint also alleges that Govil engaged in scalping – secretly selling Cemtrex stock while paying stock promoters to recommend that retail investors buy the company’s stock – and insider trading. The complaint alleges that Govil did not file with the SEC any of the required disclosures in connection with his Cemtrex trading.

The SEC’s complaint also alleges that Govil, while serving as Telidyne’s chief executive officer, made material misrepresentations to investors regarding the company’s products. According to the complaint, between at least April 2019 and May 2020, Govil falsely told investors that Telidyne, which purports to be a developer of mobile phone applications or “apps,” had developed the “Teli App,” which allowed users to transact in cryptocurrencies from their mobile phones, and also had started work on an app to detect COVID-19. These statements allegedly were false because the Teli App did not have the stated cryptocurrency functionality and Telidyne had not started work on the COVID-19 detection app.

“Govil allegedly flooded the market with paid-for buy recommendations for Cemtrex stock and made false claims about Telidyne’s development of mobile apps that would facilitate cryptocurrency transactions and help combat the coronavirus,” said Richard R. Best, Director of the SEC’s New York Regional Office. “Investors should be wary of online recommendations from unverified sources that appear to capitalize on the latest market trends and seem too good to be true.”

The SEC’s complaint charges Govil with violations of antifraud provisions of the federal securities laws, as well as violations of Section 16(a) of the Securities Exchange Act of 1934, which requires corporate officers, directors, and major shareholders to disclose their transactions in their company’s stock. The action seeks injunctive relief, an officer and director bar, a penny stock bar, disgorgement plus prejudgment interest, and civil penalties. Without admitting or denying the complaint’s allegations, Govil has consented to the entry of a final judgment that enjoins him from violating the charged provisions; imposes officer and director and penny stock bars; imposes, in connection with certain violations, disgorgement in the amount of $626,782, plus prejudgment interest thereon in the amount of $76,693.95; and imposes a civil penalty in the amount of $620,000. The judgment also provides for the court to order, upon motion of the Commission, additional disgorgement with prejudgment interest and/or penalty against Govil, if deemed appropriate. The proposed settlement is subject to court approval.

The SEC’s continuing investigation is being conducted by Philip A. Fortino, Rebecca Reilly, Melissa Coppola, and Sandeep Satwalekar. The case is being supervised by Lara Shalov Mehraban. The litigation will be handled by Mr. Fortino and Ms. Reilly. The SEC appreciates the assistance of the Financial Industry Regulatory Authority (FINRA).

https://www.sec.gov/news/press-release/2021-132
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lucky2505 lucky2505 3 years ago
I did just a quick search and found the following web sites pumping CETX: Investorsobserver.com, investorplace.com, the wolfofpennystocks.com, beatpennystock.com, makepennystocksgreatagain.com, kpvi.com, ownsnap.com, pitchbook.com, marketingsentinel.com.
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kzivann kzivann 3 years ago
Huge volume. PPS up but NOT to the moon. Who's selling?

CETX
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