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Cemtrex Reports Second Quarter 2024 Financial Results

Retrieved on:

Tuesday, May 14, 2024

AIS, Average cost, Investment, Valerus, Inventory, Marketing, Engineering, Growth, Acquisition, Operating cost, Security, Heisey, Kverneland Group

Hauppauge, NY, May 14, 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 fiscal second quarter ended March 31, 2024.

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Hauppauge, NY, May 14, 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 fiscal second quarter ended March 31, 2024.
Cemtrex Chairman and CEO, Saagar Govil, commented on the results: “The second quarter was highlighted by new technology deployments and continued overall growth in our business.
Operating loss for the second quarter of 2024 was $1.0 million as compared to an operating income of $0.4 million for the second quarter of 2023.
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 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.

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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 Reports Unaudited Fourth Quarter and Full Fiscal Year 2023 Financial Results

Retrieved on:

Thursday, December 21, 2023

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.

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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 Closes Acquisition of Heisey Mechanical Ltd. to Expand AIS Industrial Segment

Retrieved on:

Friday, July 7, 2023

Fulton Financial Corporation, Girjesh Govil, Heisey, Ageing, Government, EPA, EBITDA, Acquisition, ASME, Water, Adjustment, Real estate

Located in Columbia, Pennsylvania, Heisey Mechanical is focused on steel fabrication and contracting primarily to the commercial and industrial water treatment industry, as well as other service industries.

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Located in Columbia, Pennsylvania, Heisey Mechanical is focused on steel fabrication and contracting primarily to the commercial and industrial water treatment industry, as well as other service industries.
“This first acquisition of an established contractor in a growth market is highly synergistic with our Advanced Industrial Services (“AIS”) subsidiary’s expansion strategy,” said Saagar Govil, Cemtrex Chairman and CEO.
“We will build on Heisey Mechanical ’s achievements, enabling us to expand our fabrication capabilities into new markets.
Cemtrex funded the transaction with a $2,160,000 term loan from Fulton Bank, no new shares were issued in connection with this acquisition.

Deepcrawl bolsters C-Suite with new CFO and senior exec hires to accelerate growth plans

Retrieved on:

Thursday, March 31, 2022

Varun joins Deepcrawl at a strategic time as it builds on its 2021 successes and rapid revenue growth, particularly in its enterprise client segment.

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Varun joins Deepcrawl at a strategic time as it builds on its 2021 successes and rapid revenue growth, particularly in its enterprise client segment.
He is the latest in a number of senior hires made by Deepcrawl to help shape the strategic direction of the business, following Craig Dunham's appointment as CEO in the summer of 2021.
Both Heisey and Demster have joined Deepcrawl from SaaS platform Seismic.
Founded in 2010, Deepcrawl now employs over 100 people across its US, UK, and Polish offices.