Cemtrex Inc. Files Q1 FY25 10-Q
Ticker: CETXP · Form: 10-Q · Filed: Feb 14, 2025 · CIK: 1435064
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials
Related Tickers: CETX
TL;DR
CEMTREX (CETX) Q1 FY25 10-Q filed. Financials updated.
AI Summary
Cemtrex Inc. filed its 10-Q for the period ending December 31, 2024. The filing covers the first quarter of fiscal year 2025. Key financial data and disclosures for this period are presented, including information on preferred stock and common stock.
Why It Matters
This filing provides investors with an update on Cemtrex Inc.'s financial performance and position for the first quarter of fiscal year 2025, crucial for assessing the company's ongoing operations and future prospects.
Risk Assessment
Risk Level: medium — The filing is a standard quarterly report, but the company's financial health and operational details within the report could present medium-level risks.
Key Players & Entities
- CEMTREX INC (company) — Filer of the 10-Q
- 2024-12-31 (date) — End of reporting period
- 2025-02-14 (date) — Filing date
- 276 GREENPOINT AVE. BLD 8 SUITE 208 (address) — Company business and mailing address
- CETX:SeriesOnePreferredStockMember (financial_item) — Specific preferred stock mentioned
- us-gaap:SeriesCPreferredStockMember (financial_item) — Specific preferred stock mentioned
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is the quarter ended December 31, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on February 14, 2025.
What is Cemtrex Inc.'s fiscal year end?
Cemtrex Inc.'s fiscal year ends on September 30.
What are the main types of stock mentioned in the filing data?
The filing data mentions Series One Preferred Stock, Series C Preferred Stock, Common Stock, and Treasury Stock Preferred.
What is the company's business address?
The company's business address is 276 Greenpoint Ave. Bldg 8 Suite 208, Brooklyn, NY 11222.
Filing Stats: 4,332 words · 17 min read · ~14 pages · Grade level 18.8 · Accepted 2025-02-14 16:20:35
Key Financial Figures
- $0.001 — ber 30, 2024 1,785 14 Common stock, $0.001 par value, 70,000,000 shares authorized
- $2,500,000 — lder's equity for the Company was below $2,500,000 as reported on our Form 10-Q for the pe
Filing Documents
- form10-q.htm (10-Q) — 1067KB
- form10-q_001.jpg (GRAPHIC) — 3KB
- ex31-1.htm (EX-31.1) — 17KB
- ex31-2.htm (EX-31.2) — 16KB
- ex32-1.htm (EX-32.1) — 7KB
- ex32-2.htm (EX-32.2) — 7KB
- 0001493152-25-006882.txt ( ) — 6843KB
- cetx-20241231.xsd (EX-101.SCH) — 65KB
- cetx-20241231_cal.xml (EX-101.CAL) — 96KB
- cetx-20241231_def.xml (EX-101.DEF) — 225KB
- cetx-20241231_lab.xml (EX-101.LAB) — 452KB
- cetx-20241231_pre.xml (EX-101.PRE) — 363KB
- form10-q_htm.xml (XML) — 956KB
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 26
Controls and Procedures
Item 4. Controls and Procedures 29
OTHER INFORMATION
PART II. OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 30
Risk Factors
Item 1A Risk Factors 30
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 30
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities 30
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 30
Other Information
Item 5. Other Information 30
Exhibits
Item 6. Exhibits 31
SIGNATURES
SIGNATURES 32 2 Part I. Financial Information. Item 1. Financial Statements Cemtrex, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (Unaudited) December 31, September 30, 2024 2024 Assets Current assets Cash and cash equivalents $ 4,224,130 $ 3,897,511 Restricted cash 1,240,124 1,522,881 Trade receivables, net 9,202,802 11,159,676 Trade receivables, net - related party 524,838 685,788 Trade receivables, net 524,838 685,788 Inventory, net 11,115,435 6,988,529 Contract assets, net 1,541,239 985,207 Prepaid expenses and other current assets 1,195,128 1,456,687 Total current assets 29,043,696 26,696,279 Property and equipment, net 9,695,289 9,133,578 Right-of-use operating lease assets 1,837,769 1,933,378 Royalties receivable, net - related party 274,756 456,611 Goodwill 3,708,347 3,708,347 Other 2,129,566 2,187,265 Total Assets $ 46,689,423 $ 44,115,458 Liabilities & Stockholders' Equity Current liabilities Accounts payable $ 3,469,117 $ 4,520,173 Sales tax payable 9,515 73,024 Revolving line of credit 4,096,898 3,125,011 Current maturities of long-term liabilities 6,745,423 4,732,377 Operating lease liabilities - short-term 845,535 832,823 Deposits from customers 320,130 408,415 Accrued expenses 1,628,618 1,393,902 Accrued payable on inventory in transit 5,149,660 640,450 Contract liabilities 1,279,185 1,254,204 Deferred revenue 1,206,052 1,297,616 Accrued income taxes 163,170 314,827 Total current liabilities 24,913,303 18,592,822 Long-term liabilities Long-term debt 11,893,371 13,270,178 Long-term operating lease liabilities 1,049,307 1,159,204 Other long-term liabilities 307,468 274,957 Deferred Revenue - long-term 560,653 658,019 Warrant liabilities 9,454,842 5,199,436 Total long-term liabilities 23,265,641 20,561,794 Total liabilities 48,178,944 39,154,616 Commitments and contingencies