Roughneck

Cemtrex Reports First Quarter 2024 Financial Results

Retrieved on: 
Monday, February 12, 2024
Acquisition, Operating cost, Valerus, AIS, AI, School, Inventory, Growth, Government, University, Safety, VMS, Roughneck, Heisey, Security, Student, Video game

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 operational results for the first quarter ended December 31, 2023.

Key Points: 
  • 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 operational results for the first quarter ended December 31, 2023.
  • Cemtrex Chairman and CEO, Saagar Govil, commented on the results: “The first quarter continued our momentum with ongoing growth in our Security and Industrial segments.
  • Operating loss for the first quarter of 2024 was $0.7 million as compared to an operating loss of $2.0 million for the first quarter of 2022.
  • Cemtrex Chief Executive Officer Saagar Govil and Chief Financial Officer Paul Wyckoff will host the conference call, followed by a question-and-answer period.

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

Retrieved on: 
Thursday, February 1, 2024
Calendar, Government, Security, University, LPR, Kverneland Group, School, Confidentiality, Physical, Roughneck, Closed-circuit television

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 million second phase order through Vicon Industries from a current school district customer in New Jersey to develop its security technology system with new solutions, expanding on the customer’s previous order.

Key Points: 
  • 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 million second phase order through Vicon Industries from a current school district customer in New Jersey to develop its security technology system with new solutions, expanding on the customer’s previous order.
  • The New Jersey School District project builds on the customer’s state-of-the-art video surveillance security capabilities with the addition of Valerus video management software solutions and award-winning Roughneck cameras and servers.
  • The project is the second installment of this work, and the order is expected to be fulfilled in the first and second quarters of calendar 2024.
  • “Taken together, this demand delivered a 46% increase in revenues for Vicon and our Security segment in FY’23 to $34.7 million.

Cemtrex Reports Unaudited Fourth Quarter and Full Fiscal Year 2023 Financial Results

Retrieved on: 
Thursday, December 21, 2023
Depreciation, Conference, Form 10-K, Kverneland Group, VMS, Government, Research, Acquisition, Heisey, Inventory, Security, AIS, Roughneck, AI, Water, Share repurchase, Growth, Investment, Security (finance), Video game

Brooklyn, NY , Dec. 21, 2023 (GLOBE NEWSWIRE) --  - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, has reported its unaudited financial and operational results for the fourth quarter and fiscal year ended September 30, 2023.

Key Points: 
  • ET
    Brooklyn, NY , Dec. 21, 2023 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, has reported its unaudited financial and operational results for the fourth quarter and fiscal year ended September 30, 2023.
  • Revenues for the fourth quarter of 2023 were $16.9 million, compared to $11.8 million in the fourth quarter of 2022, an increase of 44%.
  • Total operating expenses for the fourth quarter of 2023 were $6.9 compared to $7.6 in the fourth quarter of 2022.
  • Comprehensive Net loss in the fourth quarter of 2023 totaled $0.5 million compared to a net loss of $0.5 million in the fourth quarter of 2022.

Cemtrex Secures Additional $1.1 Million Vicon Industries Order from Border Protection Customer in Texas

Retrieved on: 
Thursday, May 4, 2023
Kverneland Group, Girjesh Govil, Roughneck, Confidentiality, Valerus, Machine learning, Artificial intelligence, Growth, U.S. Customs and Border Protection

Hauppauge, NY, May 04, 2023 (GLOBE NEWSWIRE) -- Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, today announced it has received a $1.1 million order through Vicon Industries from a current large border protection customer in Texas to develop its security technology system with new solutions, expanding on the customer’s $1.5 million order in January 2023.

Key Points: 
  • Hauppauge, NY, May 04, 2023 (GLOBE NEWSWIRE) -- Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, today announced it has received a $1.1 million order through Vicon Industries from a current large border protection customer in Texas to develop its security technology system with new solutions, expanding on the customer’s $1.5 million order in January 2023.
  • With Vicon’s software solution currently deployed at the site, the new order builds on the customer’s state-of-the-art video surveillance security capabilities with the addition of additional award-winning Roughneck cameras and servers.
  • The order is expected to be fulfilled by the second quarter of the calendar year.
  • “Increasing modernization of the current security infrastructure is accelerating the growth of the border security market,” said Saagar Govil, Chairman and CEO of Cemtrex.

Cemtrex Announces Vicon End-to-End Security System Order for Next Generation Zero-Carbon Prison System in United Kingdom

Retrieved on: 
Wednesday, March 22, 2023
Kverneland Group, VMS, Carbon, NDAA, Roughneck, Prisoner, Confidentiality, United Kingdom, Software, Television, Valerus

The new system from Vicon will include state-of-the-art video surveillance security capabilities utilizing the Valerus Video Management System (VMS) and award-winning Roughneck cameras and servers.

Key Points: 
  • The new system from Vicon will include state-of-the-art video surveillance security capabilities utilizing the Valerus Video Management System (VMS) and award-winning Roughneck cameras and servers.
  • The Roughneck is a powerfully advanced, NDAA-compliant, camera lineup designed for effortless remote configuration, eliminating tedious and frustrating installations.
  • “We are delighted to garner another major enterprise, mission critical project with this full system order for Vicon’s surveillance solutions.
  • “The order also reaffirms our expectation for driving 16% revenue growth to $28 million this year for Vicon.

Cemtrex Reports First Quarter 2023 Financial Results

Retrieved on: 
Tuesday, February 14, 2023
Girjesh Govil, AIS, Roughneck, Security, Maritime Industrial Services, Net operating loss, Engineering, Research, FY, Conference, AI, Cryptocurrency, Pharmaceutical industry, Video game, Kverneland Group, Valerus

Brooklyn, NY, Feb. 14, 2023 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, has reported its financial and operational results for the first quarter ended December 31, 2022.

Key Points: 
  • Management to Host Conference Call Today at 5:00 p.m. Eastern Time
    Brooklyn, NY, Feb. 14, 2023 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, has reported its financial and operational results for the first quarter ended December 31, 2022.
  • Cemtrex Chairman and CEO, Saagar Govil, commented on the results: “The first quarter of fiscal year 2023 was highlighted by continued topline growth as we grew sales by 27% year over year.
  • Operating loss for the first quarter of 2023 was $2.0 million, a 41% decline as compared to an operating loss of $3.3 million for first quarter of 2022.
  • Cemtrex Chief Executive Officer Saagar Govil and Chief Financial Officer Paul Wyckoff will host the conference call, followed by a question-and-answer period.

Cemtrex Announces $1.5 Million Vicon Industries Order

Retrieved on: 
Wednesday, January 11, 2023
NDAA, Kverneland Group, Valerus, Hospital, Confidentiality, Roughneck, City, Growth, School, Video game console

Brooklyn, NY, Jan. 11, 2023 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, today announced it has received a $1.5 million order through Vicon Industries from a current large border protection customer in Texas to expand its security technology system with new security solutions.

Key Points: 
  • Brooklyn, NY, Jan. 11, 2023 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, today announced it has received a $1.5 million order through Vicon Industries from a current large border protection customer in Texas to expand its security technology system with new security solutions.
  • The Roughneck multi-sensor is an advanced NDAA-compliant camera designed for effortless remote configuration, eliminating tedious and frustrating installations.
  • The order is expected to be fulfilled by the first quarter of the calendar year.
  • “We are pleased to see increasing demand at Vicon with a significant order for new solutions from a major customer,” said Saagar Govil, Chairman and CEO of Cemtrex.

Vicon Boosts its Centralized VMS Platform by Adding License Plate Recognition Technology to its Portfolio

Retrieved on: 
Wednesday, October 12, 2022
Color, Automatic number-plate recognition, Product management, Prison, Starlight, Nasdaq, Senior, Technology, Airport, Software, Roughneck, Valerus, Kverneland Group, LPR, Camera, Camera

HAUPPAUGE, N.Y., Oct. 12, 2022 /PRNewswire-PRWeb/ -- Vicon Industries, Inc., a subsidiary of Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), designer and manufacturer of video surveillance and access control software, hardware, and components, announced today the launch of a new License Plate Recognition (LPR) Camera. The Roughneck Pro LPR Camera allows users to capture, store, and search on license plates from over 70 countries, and visually examine details like vehicle color, make, and model in impressive 8MP detail—all from a single camera.

Key Points: 
  • "Our LPR camera does the job of two separate cameras: an LPR camera and a 4K surveillance camera," said Bob Germain, Vicon's Director of Camera Products.
  • "Traditionally, LPR cameras require special image configurations and a tighter field-of-view to capture the plate information.
  • Having the LPR analytic embedded on the camera is a more economical solution, with one less piece to worry about.
  • Since 1967, Vicon has been a leading provider of mission-critical security surveillance systems.

Vicon Hires Haim Shain as Senior VP, Product Management to Lead the Strategic Development and Deployment of Vicon's Next-Gen Solutions

Retrieved on: 
Friday, August 12, 2022
Senior, IOT, Leadership, Product management, Roughneck, CAGR, Closed-circuit television, Thought, Nasdaq, FLIR Systems, VAX, Management, Video game, Service, Kverneland Group

HAUPPAUGE, N.Y., Aug. 12, 2022 /PRNewswire-PRWeb/ -- Vicon Industries, Inc., a subsidiary of Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), designer and manufacturer of video surveillance and access control software, hardware, and components, today announced the appointment of Haim Shain as Senior Vice President of Product Management at Vicon Industries.

Key Points: 
  • Vicon appoints Haim Shain as Senior Vice President of Product Management.
  • Under Haim's leadership, Vicon's product teams will further drive innovation, including cloud-based video management and AI-enabled video analytics solutions.
  • Under his leadership, Vicon's product teams will further drive innovation, including cloud-based video management and AI-enabled video analytics solutions.
  • With Haim leading our product management, we strive to position Vicon as a leader in these emergent markets over the years to come."

Cemtrex To Showcase Vicon End-to-End Technology Solutions at ISC West Conference on March 22 – 25, 2022

Retrieved on: 
Monday, March 7, 2022
Private Securities Litigation Reform Act, Facial recognition, Closed-circuit television, Pan–tilt–zoom camera, Software, Industry, NDAA, Virtual reality, Internet of things, Roughneck, Starlight, Security (finance), International, Access control, Trinidad and Tobago Securities and Exchange Commission, VAX, Automatic number-plate recognition, Computer vision, Solution, PTZ, Artificial intelligence, IP, Conference, Kverneland Group, CEO, Maintenance, GSA, LPR, AI, VMS, AR, Face, GLOBE, NASDAQ, Form 10-K, Video game, Video game console, Valerus, IOT

A key theme for Vicon at this years ISC West is platform centralization, said Cemtrex Chairman and CEO, Saagar Govil.

Key Points: 
  • A key theme for Vicon at this years ISC West is platform centralization, said Cemtrex Chairman and CEO, Saagar Govil.
  • One of our major differentiators is that Vicon offers a complete solution with the ability to monitor LPR, access control and video management all from Valerus.
  • ISC West brings together every segment of the security industry, and we look forward to showcasing our innovative technology at this years event.
  • With its deep integrations with VAX Access Control and LPR solutions, Valerus delivers a complete security solution for nearly every industry.