Cemtrex, Inc. Reports Earnings Results for the Full Year Ended September 30, 2019
January 14, 2020 at 04:52 pm EST
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Cemtrex, Inc. announced earnings results for the full year ended September 30, 2019. For the full year, the company announced total revenue was USD 39.265 million compared to USD 22.641 million a year ago. Operating loss was USD 7.447 million compared to USD 12.550 million a year ago. Net loss was USD 22.364 million compared to USD 9.240 million a year ago. Basic loss per share from continuing operations was USD 5.85 compared to USD 8.5 a year ago.
Cemtrex, Inc. is an advanced security technology and industrial services company. The Company's segments include Security and Industrial Services. The Security segment operates under the Vicon Industries brand, which provides end-to-end security solutions to corporate, industrial, and governmental security. Vicon's products include browser-based video monitoring systems and analytics-based recognition systems, cameras, servers, and access control systems for security and surveillance. Vicon provides mission-critical security and video surveillance solutions utilizing artificial intelligence (AI) based data algorithms. The Industrial Services segment operates under the brand, Advanced Industrial Services (AIS), that offers services for rigging, millwrighting, in plant maintenance, equipment erection, relocation, and disassembly to diversified customers. The Company also operates as a service contractor and steel fabricator that specializes in industrial and water treatment markets.
CEMTREX, INC. 
