CETX
Cemtrex Reports Fourth Quarter and Full Fiscal Year 2024 Financial Results
2024-12-30 13:15 ET - News Release
Brooklyn, NY, Dec. 30, 2024 (GLOBE NEWSWIRE) -- Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, has reported its financial and operational results for the fiscal fourth quarter and year ended September 30, 2024.
Key Highlights for Fiscal Year 2024
- Revenue for the year ended September 30, 2024, increased 13% to $66.9 million, compared to revenue in the prior year of $59.4 million.
- Revenue for Q4’24 increased 9% to $18.1 million, compared to revenue of $16.6 million for Q4’23.
- AIS Revenue: Surged 39% to $34.8 million, capitalizing on strategic acquisitions and growing market demand.
- Vicon Innovations: Launched NEXT™ Modular Camera System, integrating groundbreaking AI analytics and Hailo-15 edge AI processing, poised to redefine the surveillance industry.
- Strategic Momentum: Secured a record-breaking $10.4 million order for Valerus surveillance system expansion