Hauppauge, NY, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Cemtrex Inc. (Nasdaq: CETX, CETXP), a multi-industry technology company focused on security and industrial services, today announced its financial results for the third quarter and nine months ended June 30, 2025, showing substantial improvement in revenue, margins, and profitability compared to the prior year.
"Through the first nine months of fiscal 2025, Cemtrex is a stronger, more profitable, and more efficient business than it was a year ago," said Saagar Govil, Chairman and CEO. "We've grown sales nearly 20 percent, expanded gross margins by three points, and delivered a $6.6 million year-over-year swing to positive operating income. This improvement is visible in nearly every major metric."
Third Quarter Fiscal 2025 Highlights (three months ended June 30, 2025 vs. 2024)
-- Revenue increased 16% to $17.0 million from $14.7 million.
-- Security segment revenue increased 22% to $7.6 million; Industrial
Services revenue increased 10% to $9.4 million.
-- Gross profit increased 25% to $7.37 million, with gross margin improving
to 43% from 40%.
-- Operating loss narrowed to $0.64 million from $3.18 million.
Nine Months Fiscal 2025 Highlights (nine months ended June 30, 2025 vs. 2024)
-- Revenue increased 19% to $58.0 million from $48.7 million.
-- Security segment revenue increased 28% to $30.0 million, including a
$10.4 million Vicon order.
-- Industrial Services revenue increased 11% to $27.9 million.
-- Gross profit increased 27% to $25.24 million, with gross margin improving
to 44% from 41%.
-- Operating income was $1.69 million, compared to an operating loss of
$4.95 million last year, a $6.64 million improvement.
Balance Sheet and Liquidity
-- Cash and equivalents, including restricted cash, increased to $8.15
million from $5.42 million at September 30, 2024.
-- Working capital was $4.92 million despite higher current maturities of
long-term liabilities.
"Our Security segment continues to see encouraging growth, anchored by the largest single order in Vicon's history, while Industrial Services continues to execute at a high level delivering strong growth and margin gains," added Govil. "We have tightened expenses, improved efficiency, and strengthened the balance sheet, all while executing on our growth plan. The difference between this year and last is significant, and we believe we are well positioned to build on this momentum into our next fiscal year."
About Cemtrex
Cemtrex, Inc. (Nasdaq: CETX) is a diversified technology company operating in the Security and Industrial sectors. Its Security segment, led by Vicon Industries, provides advanced video management software, high-performance security cameras, and integrated surveillance solutions for enterprise, government, and critical infrastructure. The Industrial segment, through Advanced Industrial Services $(AIS)$, delivers expert rigging, millwrighting, process piping, and equipment installation services to manufacturers nationwide. With a focus on innovation, execution, and strategic growth, Cemtrex is committed to enhancing safety, efficiency, and value for its customers and shareholders.
For more information, visit www.cemtrex.com.
Investor Relations:
investors@cemtrex.com
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the closing of the offering, gross proceeds from the offering, our new product offerings, expected use of proceeds, or any proposed fundraising activities. These forward-looking statements are based on management's current expectations and are subject to certain risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by such forward looking statements. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. These risks and uncertainties are discussed under the heading "Risk Factors" contained in our Form 10-K filed with the Securities and Exchange Commission. All information in this press release is as of the date of the release and we undertake no duty to update this information unless required by law.
Cemtrex, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(Unaudited)
June 30, 2025 September 30, 2024
--------------- --------------------
Assets
----------------------------
Current assets
Cash and cash equivalents $ 7,032,530 $ 3,897,511
Restricted cash 1,112,829 1,522,881
Trade receivables, net 12,678,928 11,159,676
Trade receivables, net -
related party 513,263 685,788
Inventory, net 5,826,243 6,988,529
Contract assets, net 598,151 985,207
Prepaid expenses and other
current assets 1,555,663 1,456,687
----------- ----------------
Total current assets 29,317,607 26,696,279
Property and equipment, net 9,573,374 9,133,578
Right-of-use operating lease
assets 1,969,122 1,933,378
Royalties receivable, net -
related party 230,143 456,611
Goodwill 3,708,347 3,708,347
Other 2,162,230 2,187,265
----------- ----------------
Total Assets $ 46,960,823 $ 44,115,458
=========== ================
Liabilities & Stockholders'
Equity
----------------------------
Current liabilities
Accounts payable $ 4,815,551 $ 4,520,173
Sales tax payable 14,575 73,024
Revolving line of credit 2,039,858 3,125,011
Current maturities of
long-term liabilities 9,827,991 4,732,377
Operating lease
liabilities -
short-term 818,486 832,823
Loan from CEO 200,000 -
Deposits from customers 261,671 408,415
Accrued expenses 1,925,794 1,393,902
Accrued payable on
inventory in transit 168,717 640,450
Contract liabilities 2,709,590 1,254,204
Deferred revenue 1,329,902 1,297,616
Accrued income taxes 288,848 314,827
----------- ----------------
Total current
liabilities 24,400,983 18,592,822
Long-term liabilities
Long-term debt 8,475,921 13,270,178
Long-term operating
lease liabilities 1,200,841 1,159,204
Other long-term
liabilities 285,821 274,957
Deferred Revenue -
long-term 490,046 658,019
Warrant liabilities 8,255,215 5,199,436
----------- ----------------
Total long-term
liabilities 18,707,844 20,561,794
----------- ----------------
Total liabilities 43,108,827 39,154,616
----------- ----------------
Commitments and
contingencies - -
Stockholders' equity
Preferred stock , $0.001
par value, 10,000,000
shares authorized, Series
1, 3,000,000 shares
authorized, 2,705,327
shares issued and
2,641,227 shares
outstanding as of June
30, 2025 and 2,456,827
shares issued and
2,392,727 shares
outstanding as of
September 30, 2024
(liquidation value of $10
per share) 2,705 2,457
Series C, 100,000 shares
authorized, 50,000 shares
issued and outstanding at
June 30, 2025 and
September 30, 2024 50 50
Common stock, $0.001 par
value, 70,000,000 shares
authorized, 3,509,606
shares issued and
outstanding at June 30,
2025 and 14,176 shares
issued and outstanding at
September 30, 2024 3,510 14
Additional paid-in capital 97,402,468 73,262,536
Accumulated deficit (96,270,146) (71,355,386)
Treasury stock, 64,100
shares of Series 1
Preferred Stock at June
30, 2025, (148,291) (148,291)
Accumulated other
comprehensive income 2,627,462 2,949,297
----------- ----------------
Total Cemtrex
stockholders' equity 3,617,758 4,710,677
----------- ----------------
Non-controlling interest 234,238 250,165
----------- ----------------
Total liabilities and
stockholders' equity $ 46,960,823 $ 44,115,458
=========== ================
Cemtrex, Inc. and Subsidiaries
Condensed Consolidated Statements of Operations
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