CETX Earnings Prediction
The chart below shows how CETX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CETX sees a +53.68% change in stock price 10 days leading up to the earnings, and a -3.24% change 10 days following the report. On the earnings day itself, the stock moves by -0.31%. This data can give you a slight idea of what to expect for the next quarter's release.
CETX Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
14.69M
-0.30%
-14.41%
Gross Margin
40.02%
-9.05%
-1.04%
Operating Margin
-21.65%
-5951.35%
260.23%
Net Margin
-62.30%
673.91%
576.44%
EPS
-601.67
-77.56%
-79.47%
No Data Available
CETX Earnings Analysis
CEMTREX INC. Corporation (CETX.O) Earnings Conference Call
Positive
Cemtrex reported sustained revenue year-over-year at $14.7 million in the third quarter of 2024, driven by significant demand for AIS products and services with a 49% increase in revenue to $8.5 million.
Revenue for the Industrial Services segment increased by 49% to $8.5 million due to increased demand and additional revenue from the Heisey acquisition.
The team at Vicon in the Security segment is pushing the deployment of new technologies and investments into sales and marketing resources for future sales growth.
The company reduced its inventory by over $1 million, improving operational efficiency.
A strengthened balance sheet from a $10 million upsized public offering positions Cemtrex for additional growth and to achieve positive operating income in the future, allowing for exploration of acquisition opportunities.
Despite operating loss in the third quarter, Cemtrex remains committed to achieving a full-year operating profit by driving revenue and maintaining cost controls.
Negative
- Operating loss for the third quarter was $3.2 million, compared to operating income of $0.1 million a year ago, mainly due to decreased gross profit in the Security segment and increased G&A expenses.
- Net loss for the third quarter of 2024 was $9.1 million, a significant increase from a net loss of $1.2 million in the third quarter of 2023.
- Total operating expenses for the three months into June 30, 2024 were $9.1 million, compared to $6.4 million in the prior year’s quarter.
- The decrease in gross profit in the Security segment contributed to the overall operating loss and an increase in G&A expenses.
- Despite higher sales, the company reported an operating loss of $5 million for the nine-month period, compared to $1.5 million a year ago, including one-time expenses related to employee charges, legal expenses, and bad debt write-offs.
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CETX Earning Call Sentiment
Cemtrex, Inc. (CETX) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
CETX.O
-6.04%Positive
The earnings call summary highlights several negative aspects, including a significant operating and net loss, revenue decline in the Security segment, and increased operating expenses. Despite some positive elements like new product launches and revenue growth in Industrial Services, the overall financial health appears weak. The lack of questions in the Q&A session suggests limited engagement or confidence from analysts. The strong growth in one segment and potential acquisitions may not offset the immediate financial challenges, leading to a likely negative market reaction over the next two weeks.
