Cemtrex Inc. (NASDAQ: CETX) just reported $66.9 million in revenue for FY 2024, marking a 13% YoY increase—but this may be just the beginning.
Through two high-performing subsidiaries—Vicon Industries and Advanced Industrial Services (AIS)—Cemtrex is tackling multi-billion-dollar challenges in security tech and industrial infrastructure. With AI-powered surveillance systems, a strong foothold in critical infrastructure, and robust demand in both verticals, CETX is uniquely positioned for expansion.
📊 Key Drivers of Growth:
- AIS revenue grew 39% YoY, with $11.4M in new contracts
- Blockchain innovation targeting surveillance data integrity
- $10.4M Valerus order for government corrections
- Launch of NEXT™ AI camera system with edge processing
- Global market tailwinds: $88B video surveillance market by 2030
And with a leadership team led by CEO Saagar Govil, who’s been featured by Business Insider and Stony Brook’s Top 40 Under 40, investors may want to keep CETX squarely on their watchlist.
This is a story of innovation, strategic expansion, and future-forward tech—all at the intersection of necessity and growth.
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