Cemtrex Reports Results for Third Quarter Fiscal 2025
Cemtrex (NASDAQ:CETX) reported strong Q3 2025 financial results, with revenue increasing 16% to $17.0 million. The company's Security segment grew 22% to $7.6 million, while Industrial Services revenue rose 10% to $9.4 million.
For the nine-month period, total revenue jumped 19% to $58.0 million, with Security segment revenue up 28% to $30.0 million, including a significant $10.4 million Vicon order. The company achieved a notable turnaround in operating performance, posting operating income of $1.69 million compared to a $4.95 million loss last year. Gross margins improved to 44% from 41%, and cash position strengthened to $8.15 million.
Cemtrex (NASDAQ:CETX) ha riportato solidi risultati finanziari nel terzo trimestre 2025, con ricavi in crescita del 16% a 17,0 milioni di dollari. Il segmento Security 猫 aumentato del 22% a 7,6 milioni di dollari, mentre i ricavi dei Servizi Industriali sono saliti del 10% a 9,4 milioni di dollari.
Nel periodo dei primi nove mesi, i ricavi totali sono saliti del 19% a 58,0 milioni di dollari, con il segmento Security in aumento del 28% a 30,0 milioni di dollari, inclusivo di un rilevante ordine Vicon da 10,4 milioni di dollari. L'azienda ha ottenuto un importante miglioramento operativo, registrando un utile operativo di 1,69 milioni di dollari rispetto a una perdita di 4,95 milioni nello stesso periodo dell'anno precedente. I margini lordi sono migliorati al 44% dal 41% e la posizione di cassa si 猫 rafforzata a 8,15 milioni di dollari.
Cemtrex (NASDAQ:CETX) present贸 s贸lidos resultados financieros en el tercer trimestre de 2025, con ingresos que aumentaron un 16% hasta 17,0 millones de d贸lares. El segmento de Seguridad creci贸 un 22% hasta 7,6 millones, mientras que los ingresos de Servicios Industriales subieron un 10% hasta 9,4 millones.
En el periodo de nueve meses, los ingresos totales se incrementaron un 19% hasta 58,0 millones de d贸lares, con los ingresos del segmento de Seguridad subiendo un 28% hasta 30,0 millones, incluyendo un importante pedido de Vicon por 10,4 millones. La compa帽铆a logr贸 una notable mejora en el desempe帽o operativo, registrando un resultado operativo de 1,69 millones de d贸lares frente a una p茅rdida de 4,95 millones el a帽o anterior. Los m谩rgenes brutos mejoraron al 44% desde el 41% y la posici贸n de caja se fortaleci贸 hasta 8,15 millones de d贸lares.
Cemtrex (NASDAQ:CETX)電� 2025雲� 3攵勱赴 瓴“頃� 鞁れ爜鞚� 氚滍憸頄堨溂氅�, 毵れ稖鞚� 16% 歃濌皜頃� 1,700毵� 雼煬毳� 旮半頄堨姷雼堧嫟. 氤挫晥(Security) 攵�氍� 毵れ稖鞚� 22% 歃濌皜頃� 760毵� 雼煬鞓�瓿�, 靷办梾 靹滊箘鞀�(Industrial Services) 毵れ稖鞚� 10% 歃濌皜頃� 940毵� 雼煬鞓�鞀惦媹雼�.
9臧滌洈 雸勱硠 旮瓣皠 霃欖晥 齑濍Г於滌潃 19% 歃濌皜頃� 5,800毵� 雼煬毳� 旮半頄堨溂氅�, 氤挫晥 攵�氍� 毵れ稖鞚� 28% 歃濌皜頃� 3,000毵� 雼煬搿� 攴胳 1,040毵� 雼煬 攴滊鞚� Vicon 欤茧鞚� 韽暔霃� 鞛堨姷雼堧嫟. 鞓侅梾 靹标臣臧� 韥矊 臧滌劆霅橃柎 鞓侅梾鞚挫澋鞚� 鞝勲厔鞚� 495毵� 雼煬 靻愳嫟鞐愳劀 169毵� 雼煬 鞚挫澋鞙茧 鞝勴櫂頄堨姷雼堧嫟. 齑濍歆勳潃 41%鞐愳劀 44%搿� 臧滌劆霅橃棃瓿�, 順勱笀靹� 鞛愳偘鞚� 815毵� 雼煬搿� 臧曧檾霅橃棃鞀惦媹雼�.
Cemtrex (NASDAQ:CETX) a publi茅 de solides r茅sultats financiers au 3e trimestre 2025, avec un chiffre d'affaires en hausse de 16% 脿 17,0 millions de dollars. Le segment S茅curit茅 a progress茅 de 22% 脿 7,6 millions, tandis que les revenus des Services industriels ont augment茅 de 10% 脿 9,4 millions.
Sur les neuf premiers mois, le chiffre d'affaires total a bondi de 19% 脿 58,0 millions de dollars, le segment S茅curit茅 enregistrant une hausse de 28% 脿 30,0 millions, incluant une commande importante de Vicon de 10,4 millions. L'entreprise a r茅alis茅 un net redressement de sa performance op茅rationnelle, affichant un r茅sultat d'exploitation de 1,69 million de dollars contre une perte de 4,95 millions l'an pass茅. Les marges brutes se sont am茅lior茅es 脿 44% contre 41% et la tr茅sorerie s'est renforc茅e 脿 8,15 millions de dollars.
Cemtrex (NASDAQ:CETX) meldete starke Finanzergebnisse f眉r das 3. Quartal 2025: der Umsatz stieg um 16% auf 17,0 Mio. USD. Das Security-Segment wuchs um 22% auf 7,6 Mio. USD, w盲hrend die Erl枚se im Bereich Industrial Services um 10% auf 9,4 Mio. USD zunahmen.
F眉r die ersten neun Monate stieg der Gesamtumsatz um 19% auf 58,0 Mio. USD, wobei der Umsatz des Security-Segments um 28% auf 30,0 Mio. USD zunahm 鈥� einschlie脽lich eines bedeutenden Vicon-Auftrags 眉ber 10,4 Mio. USD. Das Unternehmen verzeichnete eine deutliche operative Wende und erzielte einen operativen Gewinn von 1,69 Mio. USD statt eines Verlusts von 4,95 Mio. USD im Vorjahr. Die Bruttomargen verbesserten sich von 41% auf 44% und die Cash-Position st盲rkte sich auf 8,15 Mio. USD.
- Revenue growth of 19% year-over-year to $58.0 million for nine months
- Significant turnaround with $6.64 million improvement in operating income
- Gross margin expansion to 44% from 41%
- Security segment secured largest-ever Vicon order worth $10.4 million
- Cash position increased to $8.15 million from $5.42 million
- Q3 operating loss of $0.64 million, though improved from prior year
- Limited working capital of $4.92 million with higher current maturities of long-term liabilities
Insights
Cemtrex shows impressive turnaround with 19% revenue growth, margin expansion, and shift to positive operating income.
Cemtrex's Q3 fiscal 2025 results demonstrate a meaningful financial turnaround. Revenue jumped
What's particularly notable is the company's margin expansion. Gross margin improved from
The most significant metric is the dramatic reduction in operating losses. For Q3, losses narrowed substantially from
Liquidity has also improved markedly, with cash and equivalents increasing to
This financial performance reflects a company executing effectively on both growth initiatives and operational efficiency measures. Both business segments are contributing to the improvement, with Security growing faster but Industrial Services also delivering solid
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.
鈥淭hrough the first nine months of fiscal 2025, Cemtrex is a stronger, more profitable, and more efficient business than it was a year ago,鈥� said Saagar Govil, Chairman and CEO. 鈥淲e鈥檝e grown sales nearly 20 percent, expanded gross margins by three points, and delivered a
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 increased10% to$9.4 million . - Gross profit increased
25% to$7.37 million , with gross margin improving to43% from40% . - 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 to44% from41% . - 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.
鈥淥ur Security segment continues to see encouraging growth, anchored by the largest single order in Vicon鈥檚 history, while Industrial Services continues to execute at a high level delivering strong growth and margin gains,鈥� added Govil. 鈥淲e 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.鈥�
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 .
Investor Relations:
Forward-Looking Statements
This press release contains 鈥渇orward-looking statements鈥� 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鈥檚 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 鈥淩isk Factors鈥� 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
| 听 | 听 | (Unaudited) | 听 | 听 | 听 | 听 | ||
| 听 | 听 | June 30, 2025 | 听 | 听 | September 30, 2024 | 听 | ||
| Assets | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Current assets | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Cash and cash equivalents | 听 | $ | 7,032,530 | 听 | 听 | $ | 3,897,511 | 听 |
| Restricted cash | 听 | 听 | 1,112,829 | 听 | 听 | 听 | 1,522,881 | 听 |
| Trade receivables, net | 听 | 听 | 12,678,928 | 听 | 听 | 听 | 11,159,676 | 听 |
| Trade receivables, net - related party | 听 | 听 | 513,263 | 听 | 听 | 听 | 685,788 | 听 |
| Inventory, net | 听 | 听 | 5,826,243 | 听 | 听 | 听 | 6,988,529 | 听 |
| Contract assets, net | 听 | 听 | 598,151 | 听 | 听 | 听 | 985,207 | 听 |
| Prepaid expenses and other current assets | 听 | 听 | 1,555,663 | 听 | 听 | 听 | 1,456,687 | 听 |
| Total current assets | 听 | 听 | 29,317,607 | 听 | 听 | 听 | 26,696,279 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Property and equipment, net | 听 | 听 | 9,573,374 | 听 | 听 | 听 | 9,133,578 | 听 |
| Right-of-use operating lease assets | 听 | 听 | 1,969,122 | 听 | 听 | 听 | 1,933,378 | 听 |
| Royalties receivable, net - related party | 听 | 听 | 230,143 | 听 | 听 | 听 | 456,611 | 听 |
| Goodwill | 听 | 听 | 3,708,347 | 听 | 听 | 听 | 3,708,347 | 听 |
| Other | 听 | 听 | 2,162,230 | 听 | 听 | 听 | 2,187,265 | 听 |
| Total Assets | 听 | $ | 46,960,823 | 听 | 听 | $ | 44,115,458 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Liabilities & Stockholders鈥� Equity | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Current liabilities | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Accounts payable | 听 | $ | 4,815,551 | 听 | 听 | $ | 4,520,173 | 听 |
| Sales tax payable | 听 | 听 | 14,575 | 听 | 听 | 听 | 73,024 | 听 |
| Revolving line of credit | 听 | 听 | 2,039,858 | 听 | 听 | 听 | 3,125,011 | 听 |
| Current maturities of long-term liabilities | 听 | 听 | 9,827,991 | 听 | 听 | 听 | 4,732,377 | 听 |
| Operating lease liabilities - short-term | 听 | 听 | 818,486 | 听 | 听 | 听 | 832,823 | 听 |
| Loan from CEO | 听 | 听 | 200,000 | 听 | 听 | 听 | - | 听 |
| Deposits from customers | 听 | 听 | 261,671 | 听 | 听 | 听 | 408,415 | 听 |
| Accrued expenses | 听 | 听 | 1,925,794 | 听 | 听 | 听 | 1,393,902 | 听 |
| Accrued payable on inventory in transit | 听 | 听 | 168,717 | 听 | 听 | 听 | 640,450 | 听 |
| Contract liabilities | 听 | 听 | 2,709,590 | 听 | 听 | 听 | 1,254,204 | 听 |
| Deferred revenue | 听 | 听 | 1,329,902 | 听 | 听 | 听 | 1,297,616 | 听 |
| Accrued income taxes | 听 | 听 | 288,848 | 听 | 听 | 听 | 314,827 | 听 |
| Total current liabilities | 听 | 听 | 24,400,983 | 听 | 听 | 听 | 18,592,822 | 听 |
| Long-term liabilities | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Long-term debt | 听 | 听 | 8,475,921 | 听 | 听 | 听 | 13,270,178 | 听 |
| Long-term operating lease liabilities | 听 | 听 | 1,200,841 | 听 | 听 | 听 | 1,159,204 | 听 |
| Other long-term liabilities | 听 | 听 | 285,821 | 听 | 听 | 听 | 274,957 | 听 |
| Deferred Revenue - long-term | 听 | 听 | 490,046 | 听 | 听 | 听 | 658,019 | 听 |
| Warrant liabilities | 听 | 听 | 8,255,215 | 听 | 听 | 听 | 5,199,436 | 听 |
| Total long-term liabilities | 听 | 听 | 18,707,844 | 听 | 听 | 听 | 20,561,794 | 听 |
| Total liabilities | 听 | 听 | 43,108,827 | 听 | 听 | 听 | 39,154,616 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Commitments and contingencies | 听 | 听 | - | 听 | 听 | 听 | - | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Stockholders鈥� equity | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Preferred stock , | 听 | 听 | 2,705 | 听 | 听 | 听 | 2,457 | 听 |
| Series C, 100,000 shares authorized, 50,000 shares issued and outstanding at June 30, 2025 and September 30, 2024 | 听 | 听 | 听50 | 听 | 听 | 听 | 听50 | 听 |
| Common stock, | 听 | 听 | 听3,510 | 听 | 听 | 听 | 14 | 听 |
| Additional paid-in capital | 听 | 听 | 97,402,468 | 听 | 听 | 听 | 73,262,536 | 听 |
| Accumulated deficit | 听 | 听 | (96,270,146 | ) | 听 | 听 | (71,355,386 | ) |
| Treasury stock, 64,100 shares of Series 1 Preferred Stock at June 30, 2025, | 听 | 听 | (148,291 | ) | 听 | 听 | (148,291 | ) |
| Accumulated other comprehensive income | 听 | 听 | 2,627,462 | 听 | 听 | 听 | 2,949,297 | 听 |
| Total Cemtrex stockholders鈥� equity | 听 | 听 | 3,617,758 | 听 | 听 | 听 | 4,710,677 | 听 |
| Non-controlling interest | 听 | 听 | 234,238 | 听 | 听 | 听 | 250,165 | 听 |
| Total liabilities and stockholders鈥� equity | 听 | $ | 46,960,823 | 听 | 听 | $ | 44,115,458 | 听 |
Cemtrex, Inc. and Subsidiaries
Condensed Consolidated Statements of Operations
(Unaudited)
| 听 | 听 | For the three months ended | 听 | 听 | For the nine months ended | 听 | ||||||||||
| 听 | 听 | June 30, 2025 | 听 | 听 | June 30, 2024 | 听 | 听 | June 30, 2025 | 听 | 听 | June 30, 2024 | 听 | ||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||
| Revenues | 听 | $ | 16,965,658 | 听 | 听 | $ | 14,686,398 | 听 | 听 | $ | 57,955,826 | 听 | 听 | $ | 48,724,159 | 听 |
| Cost of revenues | 听 | 听 | 9,595,152 | 听 | 听 | 听 | 8,809,251 | 听 | 听 | 听 | 32,717,929 | 听 | 听 | 听 | 28,825,197 | 听 |
| Gross profit | 听 | 听 | 7,370,506 | 听 | 听 | 听 | 5,877,147 | 听 | 听 | 听 | 25,237,897 | 听 | 听 | 听 | 19,898,962 | 听 |
| Operating expenses | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| General and administrative | 听 | 听 | 7,626,342 | 听 | 听 | 听 | 8,192,180 | 听 | 听 | 听 | 21,490,373 | 听 | 听 | 听 | 22,184,303 | 听 |
| Research and development | 听 | 听 | 386,565 | 听 | 听 | 听 | 864,483 | 听 | 听 | 听 | 2,054,537 | 听 | 听 | 听 | 2,664,688 | 听 |
| Total operating expenses | 听 | 听 | 8,012,907 | 听 | 听 | 听 | 9,056,663 | 听 | 听 | 听 | 23,544,910 | 听 | 听 | 听 | 24,848,991 | 听 |
| Operating (loss)/income | 听 | 听 | (642,401 | ) | 听 | 听 | (3,179,516 | ) | 听 | 听 | 1,692,987 | 听 | 听 | 听 | (4,950,029 | ) |
| Other (expense)/income | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Other income/(expense), net | 听 | 听 | 68,002 | 听 | 听 | 听 | (933,539 | ) | 听 | 听 | (47,190 | ) | 听 | 听 | (710,363 | ) |
| Interest expense | 听 | 听 | (461,504 | ) | 听 | 听 | (521,316 | ) | 听 | 听 | (1,398,415 | ) | 听 | 听 | (1,697,803 | ) |
| Gain/(loss) on exercise of warrant liabilities | 听 | 听 | 74,008 | 听 | 听 | 听 | (7,255,528 | ) | 听 | 听 | (15,722,097 | ) | 听 | 听 | (7,255,528 | ) |
| Changes in fair value of warrant liability | 听 | 听 | (3,615,437 | ) | 听 | 听 | 2,807,890 | 听 | 听 | 听 | (8,928,275 | ) | 听 | 听 | 2,807,890 | 听 |
| Total other income/(expense), net | 听 | 听 | (3,934,931 | ) | 听 | 听 | (5,902,493 | ) | 听 | 听 | (26,095,977 | ) | 听 | 听 | (6,855,804 | ) |
| Net loss before income taxes | 听 | 听 | (4,577,332 | ) | 听 | 听 | (9,082,009 | ) | 听 | 听 | (24,402,990 | ) | 听 | 听 | (11,805,833 | ) |
| Income tax expense | 听 | 听 | 14,035 | 听 | 听 | 听 | 67,294 | 听 | 听 | 听 | 245,098 | 听 | 听 | 听 | 238,049 | 听 |
| Loss from continuing operations | 听 | 听 | (4,591,367 | ) | 听 | 听 | (9,149,303 | ) | 听 | 听 | (24,648,088 | ) | 听 | 听 | (12,043,882 | ) |
| (Loss)/income from discontinued operations, net of tax | 听 | 听 | (42,280 | ) | 听 | 听 | 9,984 | 听 | 听 | 听 | (282,599 | ) | 听 | 听 | 30,939 | 听 |
| Net loss | 听 | 听 | (4,633,647 | ) | 听 | 听 | (9,139,319 | ) | 听 | 听 | (24,930,687 | ) | 听 | 听 | (12,012,943 | ) |
| Less net loss in noncontrolling interest | 听 | 听 | (90,312 | ) | 听 | 听 | (158,293 | ) | 听 | 听 | (15,927 | ) | 听 | 听 | (351,212 | ) |
| Net loss attributable to Cemtrex, Inc. stockholders | 听 | $ | (4,543,335 | ) | 听 | $ | (8,981,026 | ) | 听 | $ | (24,914,760 | ) | 听 | $ | (11,661,731 | ) |
| Income/(loss) per share - Basic & Diluted | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Continuing Operations | 听 | $ | (1.78 | ) | 听 | $ | (605.49 | ) | 听 | $ | (11.68 | ) | 听 | $ | (2,232.92 | ) |
| Discontinued Operations | 听 | $ | (0.02 | ) | 听 | $ | 0.67 | 听 | 听 | $ | (0.13 | ) | 听 | $ | 5.88 | 听 |
| Weighted Average Number of Shares-Basic & Diluted | 听 | 听 | 2,542,677 | 听 | 听 | 听 | 14,936 | 听 | 听 | 听 | 2,111,669 | 听 | 听 | 听 | 5,260 | 听 |
Cemtrex, Inc. and Subsidiaries
Condensed Consolidated Statements of Cash Flows
(Unaudited)
| 听 | 听 | For the nine months ended | |||||
| 听 | 听 | June 30, | |||||
| 听 | 听 | 2025 | 听 | 听 | 2024 | ||
| Cash Flows from Operating Activities | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Net loss | 听 | $ | (24,930,687 | ) | 听 | $ | (12,012,943 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Adjustments to reconcile net loss to net cash used by operating activities | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Depreciation and amortization | 听 | 听 | 960,930 | 听 | 听 | 听 | 998,641 |
| (Gain)/loss on disposal of property and equipment | 听 | 听 | 19,668 | 听 | 听 | 听 | (13,595 |
| Noncash lease expense | 听 | 听 | 684,360 | 听 | 听 | 听 | 645,695 |
| Bad debt expense | 听 | 听 | 55,222 | 听 | 听 | 听 | 1,429,791 |
| Contract modification - related party | 听 | 听 | 280,545 | 听 | 听 | 听 | - |
| Share-based compensation | 听 | 听 | 10,280 | 听 | 听 | 听 | 22,675 |
| Income tax expense | 听 | 听 | - | 听 | 听 | 听 | 208,669 |
| Shares issued to pay for services | 听 | 听 | - | 听 | 听 | 听 | 129,000 |
| Accrued interest on notes payable | 听 | 听 | 803,030 | 听 | 听 | 听 | 937,899 |
| Non-cash royalty income | 听 | 听 | (48,668 | ) | 听 | 听 | (39,846 |
| Amortization of original issue discounts on notes payable | 听 | 听 | 29,167 | 听 | 听 | 听 | - |
| Loan origination costs | 听 | 听 | 5,000 | 听 | 听 | 听 | 54,400 |
| Loss on excess fair value of warrants | 听 | 听 | - | 听 | 听 | 听 | 7,255,528 |
| Loss on exercise of warrant liabilities | 听 | 听 | 15,722,096 | 听 | 听 | 听 | - |
| Changes in fair value of warrant liability | 听 | 听 | 8,928,275 | 听 | 听 | 听 | (2,807,890 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Changes in operating assets and liabilities net of effects from acquisition of subsidiaries: | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Trade receivables | 听 | 听 | (1,534,474 | ) | 听 | 听 | 1,420,733 |
| Trade receivables - related party | 听 | 听 | 87,116 | 听 | 听 | 听 | (136,277 |
| Inventory | 听 | 听 | 1,162,286 | 听 | 听 | 听 | 1,350,333 |
| Contract assets | 听 | 听 | 387,056 | 听 | 听 | 听 | 624,141 |
| Prepaid expenses and other current assets | 听 | 听 | (98,976 | ) | 听 | 听 | 548,129 |
| Other assets | 听 | 听 | 125,035 | 听 | 听 | 听 | (274,081 |
| Accounts payable | 听 | 听 | 295,378 | 听 | 听 | 听 | (1,588,439 |
| Accounts payable - related party | 听 | 听 | - | 听 | 听 | 听 | (5,009 |
| Sales tax payable | 听 | 听 | (58,449 | ) | 听 | 听 | 2,036 |
| Operating lease liabilities | 听 | 听 | (692,804 | ) | 听 | 听 | (646,595 |
| Deposits from customers | 听 | 听 | (146,744 | ) | 听 | 听 | 189,331 |
| Accrued expenses | 听 | 听 | 60,159 | 听 | 听 | 听 | (496,932 |
| Contract liabilities | 听 | 听 | 1,455,386 | 听 | 听 | 听 | 921,287 |
| Deferred revenue | 听 | 听 | (135,687 | ) | 听 | 听 | (395,065 |
| Income taxes payable | 听 | 听 | (24,582 | ) | 听 | 听 | (196,727 |
| Other liabilities | 听 | 听 | 10,864 | 听 | 听 | 听 | (201,366 |
| Net cash provided by/(used in) operating activities | 听 | 听 | 3,410,782 | 听 | 听 | 听 | (2,076,477 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Cash Flows from Investing Activities | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Purchase of property and equipment | 听 | 听 | (1,435,743 | ) | 听 | 听 | (429,334 |
| Proceeds from sale of property and equipment | 听 | 听 | 13,511 | 听 | 听 | 听 | 77,110 |
| Royalties on related party revenues | 听 | 听 | 40,000 | 听 | 听 | 听 | 46,000 |
| Investment in MasterpieceVR | 听 | 听 | (100,000 | ) | 听 | 听 | (100,000 |
| Net cash used by investing activities | 听 | 听 | (1,482,232 | ) | 听 | 听 | (406,224 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Cash Flows from Financing Activities | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Proceeds on revolving line of credit | 听 | 听 | 23,424,024 | 听 | 听 | 听 | 26,682,873 |
| Payments on revolving line of credit | 听 | 听 | (24,509,177 | ) | 听 | 听 | (24,025,081 |
| Payments on debt | 听 | 听 | (985,212 | ) | 听 | 听 | (7,818,405 |
| Payments on Paycheck Protection Program Loans | 听 | 听 | (50,628 | ) | 听 | 听 | (30,365 |
| Proceeds on Loan from CEO | 听 | 听 | 200,000 | 听 | 听 | 听 | - |
| Proceeds on bank loans | 听 | 听 | - | 听 | 听 | 听 | 28,267 |
| Proceeds from notes payable | 听 | 听 | 500,000 | 听 | 听 | 听 | - |
| Proceeds from warrant exercises | 听 | 听 | 1,307,354 | 听 | 听 | 听 | - |
| Proceeds from offerings | 听 | 听 | 1,463,550 | 听 | 听 | 听 | 10,035,293 |
| Expenses on offerings | 听 | 听 | (232,100 | ) | 听 | 听 | (935,333 |
| Purchases of treasury stock | 听 | 听 | - | 听 | 听 | 听 | (69,705 |
| Net cash provided by financing activities | 听 | 听 | 1,117,811 | 听 | 听 | 听 | 3,867,544 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Effect of currency translation | 听 | 听 | (321,394 | ) | 听 | 听 | (114,180 |
| Net increase/(decrease) in cash, cash equivalents, and restricted cash | 听 | 听 | 2,724,967 | 听 | 听 | 听 | 1,270,663 |
| Cash, cash equivalents, and restricted cash at beginning of period | 听 | 听 | 5,420,392 | 听 | 听 | 听 | 6,349,562 |
| Cash, cash equivalents, and restricted cash at end of period | 听 | $ | 8,145,359 | 听 | 听 | $ | 7,620,225 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Balance Sheet Accounts Included in Cash, Cash Equivalents, and Restricted Cash | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Cash and cash equivalents | 听 | $ | 7,032,530 | 听 | 听 | $ | 6,468,197 |
| Restricted cash | 听 | 听 | 1,112,829 | 听 | 听 | 听 | 1,152,028 |
| Total cash, cash equivalents, and restricted cash | 听 | $ | 8,145,359 | 听 | 听 | $ | 7,620,225 |
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FAQ
What was Cemtrex's (CETX) revenue growth in Q3 2025?
How much did Cemtrex's Security segment grow in the first nine months of 2025?
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