Welcome to our dedicated page for Cemtrex news (Ticker: CETX), a resource for investors and traders seeking the latest updates and insights on Cemtrex stock.
Cemtrex Inc. (NASDAQ: CETX) delivers innovative solutions across security technology, industrial services, and advanced electronics. This dedicated news hub provides investors and industry professionals with centralized access to all official announcements and market developments.
Track key updates including quarterly earnings reports, product launches, strategic partnerships, and operational milestones. Our curated feed ensures you stay informed about CETX's advancements in AI-driven surveillance systems, industrial equipment services, and emerging VR/AR technologies.
Discover comprehensive coverage of corporate initiatives across Cemtrex's global operations in North America, Europe, and Asia. Content spans critical areas such as Vicon security innovations, Advanced Industrial Services projects, and corporate strategy updates.
Bookmark this page for real-time access to SEC filings, executive statements, and technology deployment updates. Check regularly to monitor Cemtrex's progress in integrating smart technologies with industrial and security applications.
Cemtrex (NASDAQ: CETX, CETXP) announced a $0.8 million order for Vicon surveillance technology to be installed in a new Category C prison in the U.K. This facility will hold 1,400 prisoners and is designed to be zero-carbon, featuring an all-electric setup with solar panels and energy-efficient systems. The Vicon system includes advanced video surveillance capabilities using the Valerus Video Management System and Roughneck cameras. Cemtrex aims for a 16% revenue growth to reach $28 million this year, driven by increasing demand for cutting-edge security solutions in correctional facilities.
Cemtrex Inc. (NASDAQ: CETX, CETXP) announced the release of enhanced AI-based analytics for its Vicon Roughneck® AI Camera series, improving its unified VMS platform. The new release, Valerus 23.1, features advanced object classification and tracking, allowing for more efficient searches and real-time notifications for significant events. Key advantages include edge-based analytics, object-based recording, and plug-and-play installation, enhancing the camera's functionality while saving on server resources and storage costs. This release marks the start of Cemtrex’s AI roadmap aimed at transforming the security industry.
Cemtrex Inc. (NASDAQ: CETX, CETXP) reported a 27% revenue increase for Q1’23, reaching $12.0 million, boosted by a 61% rise in its security segment. Gross margin improved to 42%, up 790 basis points from the prior year. Operating loss declined by 41% to $2.0 million, indicating operational efficiencies. The company executed a 1-for-35 reverse stock split and regained compliance with Nasdaq listing requirements. A $1.5 million order from Vicon Industries for security solutions highlights ongoing demand. Despite a slight revenue decline in the industrial services sector, growth is anticipated for FY 2023 with forecasted revenue of $21.8 million.
Cemtrex Inc. (NASDAQ: CETX, CETXP) announced on February 9, 2023, that it has regained compliance with Nasdaq's minimum bid price requirement, necessary for continued listing. This follows a prior notification on January 26, 2023, indicating non-compliance, but Cemtrex was granted until July 24, 2023, to meet this requirement. The company implemented a 1-for-35 reverse stock split effective January 25, 2023, resulting in trading under a new CUSIP number, 15130G 709. Cemtrex's subsidiaries include Vicon Industries, a leader in security technology, and Advanced Industrial Services, which provides industrial contracting services.
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