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 SRS 1 PFD (CETXP) is the Series 1 Preferred Stock of Cemtrex, Inc., a diversified industrial and technology company active in Security, Industrial, and Aerospace & Defense markets. The news flow around CETXP is closely tied to Cemtrex’s operating performance, capital markets activity, and strategic transactions that shape the company’s ability to support its preferred equity.
Recent press releases describe Cemtrex as an advanced security technology and industrial services company, with a Security segment led by Vicon Industries, an Industrial segment operated through Advanced Industrial Services (AIS), and a newly launched Aerospace & Defense segment anchored by Invocon. News items highlight revenue growth, a return to operating profit, and segment-level performance in security technology and industrial services.
Investors following CETXP can expect news related to registered direct offerings under Cemtrex’s Form S-3 shelf registration, where the company has entered into definitive agreements with institutional investors for common stock and pre-funded warrants. These releases typically outline gross proceeds, intended use of funds for general corporate purposes, working capital, and potential acquisitions, and reference the effective registration statement and prospectus supplements filed with the SEC.
Another key news theme is Cemtrex’s acquisition strategy and portfolio evolution. The company has announced a definitive agreement and subsequent completion of the acquisition of Invocon, establishing an Aerospace & Defense segment focused on mission-critical engineering, sensing, and telemetry systems for aerospace, defense, and space programs. It has also disclosed letters of intent for additional industrial services and robotics integration businesses, framed as part of a multi-year transformation aimed at expanding operating income and building a more scalable enterprise.
On this news page, readers can review Cemtrex’s earnings releases, corporate updates, acquisition announcements, and financing transactions that provide context for CETXP. Regularly monitoring these developments helps investors understand how Cemtrex’s strategic decisions, operating trends, and balance sheet actions may influence the preferred stock over time.
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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.
Cemtrex Inc. (CETX, CETXP) announced a conference call scheduled for February 14, 2023, at 5:00 p.m. Eastern time to discuss its Q1 financial results for the period ending December 31, 2022. CEO Saagar Govil and CFO Paul Wyckoff will lead the call, which will include a Q&A session. Participants can access the call through a toll-free number or via an online link, with a replay available after the event until February 28, 2023. Cemtrex operates through Vicon Industries and Advanced Industrial Services, focusing on security technology and industrial contracting services, respectively.
Cemtrex Inc. (NASDAQ: CETX, CETXP) has announced the postponement of its planned reverse stock split to January 25, 2023. This action aims to comply with the Nasdaq Capital Market's minimum share price requirement. The reverse stock split will combine every thirty-five shares into one, reducing the total outstanding shares from approximately 27.8 million to about 793,682. Shareholders will receive details from Clear Trust, LLC regarding the exchange process. The split will not change shareholders' percentage interests but may affect stock option shares and exercise prices.
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