{"id":528573,"date":"2021-08-16T16:18:28","date_gmt":"2021-08-16T20:18:28","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cemtrex-reports-third-quarter-2021-financial-results\/"},"modified":"2021-08-16T16:18:28","modified_gmt":"2021-08-16T20:18:28","slug":"cemtrex-reports-third-quarter-2021-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cemtrex-reports-third-quarter-2021-financial-results\/","title":{"rendered":"Cemtrex Reports Third Quarter 2021 Financial Results"},"content":{"rendered":"

\nThird Quarter Revenues Increase 22% to $10.3 Million & Net Income Rises to $1.1 million
\n<\/h2>\n
\n

Brooklyn, NY, Aug. 16, 2021 (GLOBE NEWSWIRE) — – Cemtrex Inc.<\/a> (NASDAQ: CETX, CETXP, CETXW), a technology company driving innovation in Internet of Things (IoT), security, machine vision & artificial intelligence, and augmented & virtual reality, has reported its financial and operational results for the third quarter ended June 30, 2021.<\/p>\n

\n Third<\/strong>
\n Quarter 2021<\/strong>
\n Financial Results<\/strong>\n <\/p>\n

Revenue for the three months ended June 30, 2021, and 2020 was $10.3 million and $8.4 million, respectively, an increase of 22%. This increase is mainly due to an improvement in economic conditions from the impact of the COVID-19 crisis during the same period last year. Revenue for the nine months ended June 30, 2021, and 2020 was $28.4 million and $32.8, respectively, a decrease of 13%. The Advanced Technologies segment revenues for the three months ended June 30, 2021, increased by 17% to $5.8 million, and the Industrial Services segment revenues for quarter increased by 29%, to $4.5 million.<\/p>\n

Gross Profit for the third quarter of 2021 was $4.1 million, or 40% of revenues as compared to gross profit of $3.3 million, or 39% of revenues for the year ago period. Gross profit increased due to higher sales and varied from product to product and from customer to customer.<\/p>\n

Total operating expenses for three months ended June 30, 2021, were $6.4 million, compared to $5.7 million in the prior year\u2019s quarter.<\/p>\n

Operating activities for continuing operations used $6.2 million for the nine months ended June 30, 2021 compared to using $3.4 million of cash for the nine months ended June 30, 2020.<\/p>\n

Net income for the quarter ended June 30, 2021 was approximately $1.1 million, as compared to a net loss of $4.2 million in 2020. Net income increased in the third quarter as compared to the same period last year primarily due to overall economic improvement from the impact of the COVID-19 crisis during the same period last year and the result of PPP Loan forgiveness.<\/p>\n

Cash and cash equivalents totaled $12.9 million at June 30, 2021, as compared to $15.9 million at December 31, 2020 and $19.5 million at September 30, 2020.<\/p>\n

\n Management Commentary<\/strong>\n <\/p>\n

Cemtrex\u2019s Chairman and CEO, Saagar Govil, commented on the results: \u201cIn the third quarter of 2021 we continued to see a renewed improvement in our segments, with revenue for the quarter up 12% sequentially from the second quarter. We remain optimistic that our revenue will continue to trend upward as the economic uncertainty due to the pandemic recedes.\u201d<\/p>\n

\u201cThroughout the year we have striven to remain at the forefront of innovation by continuing to invest in the development of our roadmap including Advanced Technologies Segment\u2019s proprietary technology, including Virtual Reality solutions, SmartDesk, and Artificial Intelligence (AI) based, next generation solutions associated with security and surveillance systems software. While we experienced some delays due to the pandemic, we believe that as we continue to roll out our exciting new products and solutions over the next year that our outlook remains positive.\u201d<\/p>\n

\u201cDespite the challenges of the pandemic, we believe this focus on the evolution of our core technologies, and a commitment to driving top line growth, has put us in a strong position as our market returns to normal and customers reopen for business and resume purchasing.\u201d<\/p>\n

\n About Cemtrex<\/strong>\n <\/p>\n

Cemtrex, Inc. (CETX) is a leading multi-industry technology company that is driving innovation in markets such as Internet of Things (IoT), Augmented and Virtual Reality (AR & VR), and Artificial Intelligence and Computer Vision (AI & CV) in a wide range of sectors, including consumer products, industrial manufacturing, digital applications, and intelligent security & surveillance systems. www.cemtrex.com<\/a>.<\/p>\n

\n Forward-Looking Statements<\/strong>\n <\/p>\n

This press release contains \u201cforward-looking statements\u201d 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\u2019s 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 \u201cRisk Factors\u201d 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.<\/p>\n

\n Cemtrex, Inc. and Subsidiaries<\/strong>
\n
\n Condensed Consolidated Balance Sheets<\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\u00a0<\/td>\n\n (UNAUDITED) <\/strong>\n <\/td>\n\u00a0<\/td>\n\n (Restated) <\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n June 30,<\/strong>\n <\/td>\n\u00a0<\/td>\n\n September 30,<\/strong>\n <\/td>\n<\/tr>\n
\n Assets<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
Current assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash and equivalents<\/td>\n\u00a0<\/td>\n$<\/td>\n12,879,278<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n19,490,061<\/td>\n\u00a0<\/td>\n<\/tr>\n
Restricted cash<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,690,873<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,582,798<\/td>\n\u00a0<\/td>\n<\/tr>\n
Short-term investments<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n452,175<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n887,746<\/td>\n\u00a0<\/td>\n<\/tr>\n
Trade receivables, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,234,216<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,686,797<\/td>\n\u00a0<\/td>\n<\/tr>\n
Trade receivables – related party<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,505,789<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,432,209<\/td>\n\u00a0<\/td>\n<\/tr>\n
Inventory \u2013net of allowance for inventory obsolescence<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,669,397<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,793,806<\/td>\n\u00a0<\/td>\n<\/tr>\n
Prepaid expenses and other assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,164,367<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,188,317<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total current assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n32,596,095<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n38,061,734<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Property and equipment, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,236,755<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,961,751<\/td>\n\u00a0<\/td>\n<\/tr>\n
Right-of-use assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,098,523<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,728,380<\/td>\n\u00a0<\/td>\n<\/tr>\n
Assets held for sale<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,323,321<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,323,321<\/td>\n\u00a0<\/td>\n<\/tr>\n
Goodwill<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,886,096<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,370,894<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,094,429<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n744,207<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total Assets<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 58,235,219 <\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 61,190,287 <\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Liabilities & Stockholders’ Equity (Deficit)<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Current liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accounts payable<\/td>\n\u00a0<\/td>\n$<\/td>\n2,888,144<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,857,817<\/td>\n\u00a0<\/td>\n<\/tr>\n
Short-term liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,381,047<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,034,510<\/td>\n\u00a0<\/td>\n<\/tr>\n
Lease liabilities – short-term<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n840,016<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n721,036<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deposits from customers<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n39,227<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n29,660<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accrued expenses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,476,812<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,392,487<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deferred revenue<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,794,187<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,651,784<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accrued income taxes<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n331<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n89,318<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total current liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,419,764<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,776,612<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Long-term liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loans payable to bank<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,046,504<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,871,201<\/td>\n\u00a0<\/td>\n<\/tr>\n
Long-term lease liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,261,148<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,027,406<\/td>\n\u00a0<\/td>\n<\/tr>\n
Notes payable<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,079,743<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,029,999<\/td>\n\u00a0<\/td>\n<\/tr>\n
Mortgage payable<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,282,409<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,355,542<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other long-term liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,078,752<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,063,733<\/td>\n\u00a0<\/td>\n<\/tr>\n
Paycheck Protection Program Loans<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,871,161<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,169,437<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deferred Revenue – long-term<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n449,563<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n467,329<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total long-term liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,069,280<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,984,647<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n27,489,044<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n30,761,259<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Commitments and contingencies<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Shareholders’ equity<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Preferred stock , $0.001 par value, 10,000,000 shares authorized,\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Series 1, 3,000,000 shares authorized, 1,885,151 shares issued and<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
outstanding as of June 30, 2021, and 2,156,784 shares issued and<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
outstanding as of September 30, 2020 (liquidation value of $10 per share)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,885<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,157<\/td>\n\u00a0<\/td>\n<\/tr>\n
Series A, 1,000,000 shares authorized, zero shares issued and outstanding at<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
June 30, 2021, and 1,000,000 shares issued and outstanding at September 30, 2020<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,000<\/td>\n\u00a0<\/td>\n<\/tr>\n
Series C, 100,000 shares authorized, 50,000 shares issued and outstanding at<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
June 30, 2021, and 100,000 shares issued and outstanding at September 30, 2020<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n50<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n100<\/td>\n\u00a0<\/td>\n<\/tr>\n
Common stock, $0.001 par value, 50,000,000 shares authorized,<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
18,711,463 shares issued and outstanding at June 30, 2021, and<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
17,622,539 shares issued and outstanding at September 30, 2020<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,711<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17,623<\/td>\n\u00a0<\/td>\n<\/tr>\n
Additional paid-in capital<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n58,846,576<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n60,221,766<\/td>\n\u00a0<\/td>\n<\/tr>\n
Retained earnings (accumulated deficit)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(30,660,550<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(32,520,084<\/td>\n)<\/td>\n<\/tr>\n
Treasury stock at cost<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(148,291<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(148,291<\/td>\n)<\/td>\n<\/tr>\n
Accumulated other comprehensive income (loss)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,624,673<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,777,112<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total Cemtrex stockholders’ equity<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n29,683,054<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n29,351,383<\/td>\n\u00a0<\/td>\n<\/tr>\n
Non-controlling interest<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,063,121<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,077,645<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total liabilities and shareholders’ equity<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 58,235,219 <\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 61,190,287 <\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n Cemtrex, Inc. and Subsidiaries<\/strong>
\n
\n Condensed <\/strong>
\n Consolidated Statements of Operations and Comprehensive Income\/(Loss)<\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\u00a0<\/td>\nFor the three months ended<\/td>\n\u00a0<\/td>\nFor the nine months ended<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nJune 30, 2021<\/td>\n\u00a0<\/td>\nJune 30, 2020<\/td>\n\u00a0<\/td>\nJune 30, 2021<\/td>\n\u00a0<\/td>\nJune 30, 2020<\/td>\n<\/tr>\n
Revenues<\/td>\n\u00a0<\/td>\n$<\/td>\n10,326,431<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n8,440,867<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n28,422,892<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 32,774,797<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cost of revenues<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,198,715<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,161,015<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,360,822<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,800,355<\/td>\n\u00a0<\/td>\n<\/tr>\n
Gross profit<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,127,716<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,279,852<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,062,070<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,974,442<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Operating expenses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
General and administrative<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,670,019<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,347,718<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,337,200<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,380,199<\/td>\n\u00a0<\/td>\n<\/tr>\n
Research and development<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n757,966<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n331,936<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,033,688<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,113,455<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total operating expenses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,427,985<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,679,654<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,370,888<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,493,654<\/td>\n\u00a0<\/td>\n<\/tr>\n
Operating income\/(loss)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,300,269<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,399,802<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(6,308,818<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,519,212<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other income\/(expense)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other income\/(expense)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,901,658<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n158,134<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,532,590<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n830,251<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Settlement Agreement \u2013 Related Party<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,674,165<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest Expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(433,009<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,982,101<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,891,026<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3,812,921<\/td>\n)<\/td>\n<\/tr>\n
Total other income\/(expense), net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,468,649<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,823,967<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,315,729<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,982,670<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net loss before income taxes<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,168,380<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4,223,769<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,006,911<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(5,501,882<\/td>\n)<\/td>\n<\/tr>\n
Income tax benefit\/(expense)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(40,759<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(7,658<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(168,190<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(197,201<\/td>\n)<\/td>\n<\/tr>\n
Net income\/(loss)<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,127,621<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (4,231,427<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,838,721<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (5,699,083<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Less income in noncontrolling interest<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n29,608<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(35,751<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(20,813<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n151,312<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income\/(loss) attributable to Cemtrex, Inc. shareholders<\/td>\n\u00a0<\/td>\n$<\/td>\n1,098,013<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(4,195,676<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n1,859,534<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(5,850,395<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income\/(loss)<\/td>\n\u00a0<\/td>\n$<\/td>\n1,127,621<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(4,231,427<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n1,838,721<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(5,699,083<\/td>\n)<\/td>\n<\/tr>\n
Other comprehensive income\/(loss)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Foreign currency translation gain\/(loss)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(193,554<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n154,443<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(234,045<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n161,460<\/td>\n\u00a0<\/td>\n<\/tr>\n
Defined benefit plan actuarial gain\/(loss)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n87,895<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
Comprehensive income\/(loss)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n934,067<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4,076,984<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,692,571<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(5,537,623<\/td>\n)<\/td>\n<\/tr>\n
Less comprehensive income\/(loss) attributable to noncontrolling interest<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(35,731<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n41,266<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,524<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(118,623<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Comprehensive income\/(loss) attributable to Cemtrex, Inc. shareholders<\/td>\n\u00a0<\/td>\n$<\/td>\n969,798<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(4,118,250<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n1,678,047<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(5,419,000<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income\/(loss) Per Share-Basic<\/td>\n\u00a0<\/td>\n$<\/td>\n0.06<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0 (0.38<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n0.10<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.82<\/td>\n)<\/td>\n<\/tr>\n
Income\/(loss) Per Share-Diluted<\/td>\n\u00a0<\/td>\n$<\/td>\n0.06<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0 (0.38<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n0.10<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.82<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Weighted Average Number of Shares-Basic<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,711,463<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,933,926<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,368,274<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,161,785<\/td>\n\u00a0<\/td>\n<\/tr>\n
Weighted Average Number of Shares-Diluted<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,711,463<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,933,926<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,368,274<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,161,785<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n Condensed Consolidated Statements of Cash Flows<\/strong>
\n
\n (Unaudited\/Restated)<\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\u00a0<\/td>\n\n For the nine months ended<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n June 30,<\/strong>\n <\/td>\n<\/tr>\n
\n Cash Flows from Operating Activities<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n(unaudited)<\/td>\n\u00a0<\/td>\n(restated)<\/td>\n<\/tr>\n
Net income\/(loss)<\/td>\n\u00a0<\/td>\n$<\/td>\n1,838,721<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(5,699,083<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Adjustments to reconcile net loss to net cash provided\/(used) by operating activities:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Depreciation and amortization<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n972,186<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,343,207<\/td>\n\u00a0<\/td>\n<\/tr>\n
Gain on disposal of property and equipment<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,583<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n457<\/td>\n\u00a0<\/td>\n<\/tr>\n
Amortization of right-of-use assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n653,175<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n352,691<\/td>\n\u00a0<\/td>\n<\/tr>\n
Change in allowance for doubtful accounts<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(161,101<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n126<\/td>\n\u00a0<\/td>\n<\/tr>\n
Share-based compensation<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n110,904<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n167,312<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income tax expense\/ (benefit)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n168,190<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(197,201<\/td>\n)<\/td>\n<\/tr>\n
Interest expense paid in equity shares<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n818,348<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,505,924<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accrued interest on notes payable<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n64,748<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n308,748<\/td>\n\u00a0<\/td>\n<\/tr>\n
Amortization of original issue discounts on notes payable<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n575,000<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n757,278<\/td>\n\u00a0<\/td>\n<\/tr>\n
Gain on marketable securities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,407,841<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(607,103<\/td>\n)<\/td>\n<\/tr>\n
Settlement Agreement – Related Party<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3,674,165<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
Discharge of Paycheck Protection Program Loans<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3,349,700<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Changes in operating assets and liabilities net of effects from acquisition<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
of subsidiaries:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accounts receivable<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,613,682<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,654,383<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accounts receivable – related party<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(78,594<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,510<\/td>\n\u00a0<\/td>\n<\/tr>\n
Inventory<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,875,591<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,384,453<\/td>\n)<\/td>\n<\/tr>\n
Prepaid expenses and other current assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(976,050<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(514,580<\/td>\n)<\/td>\n<\/tr>\n
Other assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n149,778<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,017,337<\/td>\n)<\/td>\n<\/tr>\n
Other liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,019<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(117,667<\/td>\n)<\/td>\n<\/tr>\n
Accounts payable<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n30,327<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,205,851<\/td>\n)<\/td>\n<\/tr>\n
Operating lease liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(650,535<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(296,892<\/td>\n)<\/td>\n<\/tr>\n
Deposits from customers<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,567<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,003<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accrued expenses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(78,851<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n383,230<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deferred revenue<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n124,637<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(99,354<\/td>\n)<\/td>\n<\/tr>\n
Income taxes payable<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(88,987<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n272,925<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net cash used by operating activities <\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (6,178,550<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (3,385,727<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Cash Flows from Investing Activities<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Purchase of property and equipment<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,113,658<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4,541,537<\/td>\n)<\/td>\n<\/tr>\n
Investment in Virtual Driver Interactive<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,075,428<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
Investment in MasterpieceVR<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(500,000<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
Investment in related party<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(500,000<\/td>\n)<\/td>\n<\/tr>\n
Proceeds from sale of marketable securities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,134,159<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n22,720,132<\/td>\n\u00a0<\/td>\n<\/tr>\n
Purchase of marketable securities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(6,290,747<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(23,479,038<\/td>\n)<\/td>\n<\/tr>\n
Purchases of treasury stock<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(190,483<\/td>\n)<\/td>\n<\/tr>\n
\n Net cash used by investing activities <\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 154,326 <\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (5,990,926<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n<\/tr>\n
\n Cash Flows from Financing Activities<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Proceeds from notes payable<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,485,000<\/td>\n\u00a0<\/td>\n<\/tr>\n
Payments on notes payable<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,145,257<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(726,640<\/td>\n)<\/td>\n<\/tr>\n
Proceeds on bank loans<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,947,101<\/td>\n\u00a0<\/td>\n<\/tr>\n
Payments on bank loans<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(957,186<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(224,196<\/td>\n)<\/td>\n<\/tr>\n
Proceeds from Paycheck Protection Program Loans<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,942,285<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
Proceeds from securities purchase agreements<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,462,648<\/td>\n\u00a0<\/td>\n<\/tr>\n
Payments on capital lease liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(20,061<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(13,838<\/td>\n)<\/td>\n<\/tr>\n
Expenses on securities purchase agreements<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(840,728<\/td>\n)<\/td>\n<\/tr>\n
Revolving line of credit<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(425,812<\/td>\n)<\/td>\n<\/tr>\n
\n Net cash provided\/(used) by financing activities<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (180,219<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 20,663,535 <\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Effect of currency translation<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(298,265<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n128,771<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net increase in cash, cash equivalents, and restricted cash<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(6,204,443<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,286,882<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash, cash equivalents, and restricted cash at beginning of period<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21,072,859<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,858,085<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Cash, cash equivalents, and restricted cash at end of period<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 14,570,151 <\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 14,273,738 <\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Balance Sheet Accounts Included in Cash, Cash Equivalents, and Restricted Cash<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash and equivalents<\/td>\n\u00a0<\/td>\n$<\/td>\n12,879,278<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n12,939,493<\/td>\n\u00a0<\/td>\n<\/tr>\n
Restricted cash<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,690,873<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,334,245<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total cash, cash equivalents, and restricted cash<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\u00a0\u00a0\u00a0 14,570,151 <\/strong><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\u00a0\u00a0\u00a0 14,273,738 <\/strong><\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Supplemental Disclosure of Cash Flow Information:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash paid during the period for interest<\/td>\n\u00a0<\/td>\n$<\/td>\n432,930<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n240,971<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash paid during the period for income taxes<\/td>\n\u00a0<\/td>\n$<\/td>\n88,987<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n75,724<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Supplemental Schedule of Non-Cash Investing and Financing Activities<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Investment in Virtual Driver Interactive<\/td>\n\u00a0<\/td>\n$<\/td>\n439,774<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0 –<\/td>\n\u00a0<\/td>\n<\/tr>\n
Stock issued to pay for products and\/or services<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0 –<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n428,538<\/td>\n\u00a0<\/td>\n<\/tr>\n
Stock issued to pay notes payable<\/td>\n\u00a0<\/td>\n$<\/td>\n2,187,837<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n6,933,924<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n
\n
\n \n <\/div>\n

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Investor Relations\r\nChris Tyson\r\nExecutive Vice President \u2013 MZ North America\r\nDirect: 949-491-8235\r\nCETX@mzgroup.us\r\nwww.mzgroup.us\r\n\r\n<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Third Quarter Revenues Increase 22% to $10.3 Million & Net Income Rises to $1.1 million Brooklyn, NY, Aug. 16, 2021 (GLOBE NEWSWIRE) — – Cemtrex Inc. (NASDAQ: CETX, CETXP, CETXW), a technology company driving innovation in Internet of Things (IoT), security, machine vision & artificial intelligence, and augmented & virtual reality, has reported its financial and operational results for the third quarter ended June 30, 2021. Third Quarter 2021 Financial Results Revenue for the three months ended June 30, 2021, and 2020 was $10.3 million and $8.4 million, respectively, an increase of 22%. This increase is mainly due to an improvement in economic conditions from the impact of the COVID-19 crisis during the same period last year. Revenue for the … <\/p>\n
Continue reading “Cemtrex Reports Third Quarter 2021 Financial Results”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-528573","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCemtrex Reports Third Quarter 2021 Financial Results - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cemtrex-reports-third-quarter-2021-financial-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cemtrex Reports Third Quarter 2021 Financial Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Third Quarter Revenues Increase 22% to $10.3 Million & Net Income Rises to $1.1 million Brooklyn, NY, Aug. 16, 2021 (GLOBE NEWSWIRE) — – Cemtrex Inc. (NASDAQ: CETX, CETXP, CETXW), a technology company driving innovation in Internet of Things (IoT), security, machine vision & artificial intelligence, and augmented & virtual reality, has reported its financial and operational results for the third quarter ended June 30, 2021. Third Quarter 2021 Financial Results Revenue for the three months ended June 30, 2021, and 2020 was $10.3 million and $8.4 million, respectively, an increase of 22%. This increase is mainly due to an improvement in economic conditions from the impact of the COVID-19 crisis during the same period last year. 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/cemtrex-reports-third-quarter-2021-financial-results\/","og_locale":"en_US","og_type":"article","og_title":"Cemtrex Reports Third Quarter 2021 Financial Results - Market Newsdesk","og_description":"Third Quarter Revenues Increase 22% to $10.3 Million & Net Income Rises to $1.1 million Brooklyn, NY, Aug. 16, 2021 (GLOBE NEWSWIRE) — – Cemtrex Inc. (NASDAQ: CETX, CETXP, CETXW), a technology company driving innovation in Internet of Things (IoT), security, machine vision & artificial intelligence, and augmented & virtual reality, has reported its financial and operational results for the third quarter ended June 30, 2021. Third Quarter 2021 Financial Results Revenue for the three months ended June 30, 2021, and 2020 was $10.3 million and $8.4 million, respectively, an increase of 22%. This increase is mainly due to an improvement in economic conditions from the impact of the COVID-19 crisis during the same period last year. Revenue for the … Continue reading \"Cemtrex Reports Third Quarter 2021 Financial Results\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/cemtrex-reports-third-quarter-2021-financial-results\/","og_site_name":"Market Newsdesk","article_published_time":"2021-08-16T20:18:28+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODMxMDEwMCM0MzYxMzU5IzIwNDk3MDg=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cemtrex-reports-third-quarter-2021-financial-results\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cemtrex-reports-third-quarter-2021-financial-results\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Cemtrex Reports Third Quarter 2021 Financial Results","datePublished":"2021-08-16T20:18:28+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cemtrex-reports-third-quarter-2021-financial-results\/"},"wordCount":1471,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cemtrex-reports-third-quarter-2021-financial-results\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODMxMDEwMCM0MzYxMzU5IzIwNDk3MDg=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cemtrex-reports-third-quarter-2021-financial-results\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/cemtrex-reports-third-quarter-2021-financial-results\/","name":"Cemtrex Reports Third Quarter 2021 Financial Results - 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