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Cemtrex (CETX)
:CETX
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-1.15Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2019
|% Change Since: -1.60%
|Next Earnings Date:Aug 15, 2018
Earnings Call Sentiment|Neutral
The earnings call indicated a mixed performance for Cemtrex, with strong growth in the Industrial Services segment and balance sheet improvements offset by challenges in the Security segment and increased losses. The company remains optimistic about future growth and operating profit due to strategic initiatives and cost control measures.Company Guidance
During the CETX Q3 2024 earnings call, the company highlighted several key metrics and strategic plans. The revenue for the third quarter remained steady at $14.7 million compared to the previous year. The Industrial Services segment experienced a substantial 49% revenue increase, reaching $8.5 million, driven by heightened demand and contributions from the Heisey acquisition. However, the Security segment saw a 31% decline to $6.2 million, attributed to project delays and challenging economic conditions. The company's operating loss widened to $3.2 million from an operating income of $0.1 million a year ago, largely due to decreased gross profit in the Security segment and increased general and administrative expenses. The net loss increased significantly to $9.1 million, compared to $1.2 million in Q3 2023. Despite these challenges, the company improved its balance sheet with a $10 million upsized public offering and reduced inventory by over $1 million. Looking ahead, Cemtrex is optimistic about future growth, particularly with the launch of its new cloud security platform, Anavio, and expects the Industrial Services segment to achieve over 30% annual revenue growth in fiscal year 2024.Significant Revenue Growth in Industrial Services Segment
Revenue in the Industrial Services segment increased by 49% to $8.5 million, driven by increased demand for services and the acquisition of Heisey.
Strengthened Balance Sheet
The company improved its balance sheet with a $10 million upsized underwritten public offering, using proceeds to pay off indebtedness.
Inventory Reduction
The company successfully reduced its inventory by over $1 million this fiscal year.
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CETX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CETX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 30, 2024 | $3.13 | $2.89 | -7.67% |
| Aug 14, 2024 | $346.73 | $324.45 | -6.43% |
| May 14, 2024 | $630.00 | $627.27 | -0.43% |
| Feb 12, 2024 | $7833.00 | $6405.00 | -18.23% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cemtrex (CETX) report earnings?
Cemtrex (CETX) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Cemtrex (CETX) earnings time?
Cemtrex (CETX) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CETX EPS forecast?
Currently, no data Available
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