Welcome to our dedicated page for Cemtrex news (Ticker: CETXP), a resource for investors and traders seeking the latest updates and insights on Cemtrex stock.
Cemtrex Inc. Series 1 Preferred Stock (CETXP) news reflects developments at Cemtrex, a diversified industrial and technology company operating in Security, Industrial, and Aerospace & Defense. Recurring updates include contract awards and project activity at Advanced Industrial Services, Vicon video management and surveillance-system developments, and Invocon engineering, instrumentation, sensing, and telemetry work for aerospace, defense, and space-based programs.
Company news also covers operating results, acquisition integration, capital-structure actions, and business updates tied to Cemtrex’s preferred and common equity securities. Recent completed acquisitions expanded the Industrial platform through Richland Industries assets and established the Aerospace & Defense segment through Invocon.
Cemtrex Inc. (NASDAQ: CETX, CETXP, CETXW) will host a virtual roadshow webinar on October 6, 2020, at 1:00 p.m. Eastern time. CEO Saagar Govil will discuss market opportunities and revenue growth strategies. Participants can join via a provided webcast link or dial-in. A replay will be available post-event until October 20, 2020. The event aims to engage investors and highlight Cemtrex's advancements in IoT, augmented reality, and artificial intelligence across multiple sectors.
Cemtrex Inc. (CETX, CETXP, CETXW) announced a $500,000 contract awarded to its subsidiary, Vicon, for its Thermal Body Temperature Measurement Camera. This advanced technology aims to aid schools in detecting elevated body temperatures and ensuring safety as they reopen post-COVID-19. The cameras will be deployed across various district schools, providing contactless temperature screenings with an accuracy of ±0.54° F. Cemtrex emphasizes that this technology will play a vital role in future epidemic management, enhancing its core business growth.
Cemtrex Inc. has announced the launch of its new Vicon Thermal Sensor models, featuring advanced surveillance solutions designed for various facilities. The VTR-3000 and VTR-6000 series offer 360-degree monitoring capabilities, with ranges of 250 meters and 500 meters respectively, ideal for private airports and large construction sites. These sensors can replace up to 8 traditional cameras, improving cost-effectiveness and operational efficiency. Enhanced features include fire detection and better image clarity, addressing critical infrastructure needs.
Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW) has been invited to the LD 500 Virtual Investor Conference from September 1-4, 2020. Chairman and CEO Saagar Govil will present and hold one-on-one meetings. The company reported fiscal nine-month revenues of $32.7 million, up 16% year-over-year, and introduced new products under its Vicon security technology brand, including a thermal camera for COVID-19 symptom detection. The SmartDesk will also be launched as a new IoT product aimed at personal workspaces.
For details on the conference, visit: LD 500 Webcast.
Cemtrex Inc. (CETX, CETXP, CETXW) reported financial results for the quarter ending June 30, 2020, revealing a 16% year-over-year revenue increase, totaling $32.77 million for nine months. The third-quarter revenue decreased by 23% to $8.44 million due to COVID-19 impacts. Despite operating losses, the company achieved a gross margin of 43% and secured over $10 million in institutional funding, enhancing cash reserves. Management is optimistic about future growth as customer operations resume and new products, including AI camera technology, are launched.