Cemtrex Reports 13% revenue growth in 2024, plans expansion with AI-Powered Security innovations [Video]

Cemtrex (NASDAQ:CETX, OTC:CETXP) Inc CEO Saagar Govil joined Steve Darling from Proactive to discuss the company’s recently released Q4 earnings, highlighting robust revenue growth and strategic advancements. Cemtrex, a leader in advanced security technology and industrial services, operates through its subsidiaries Vicon Industries and Advanced Industrial Services (AIS), delivering cutting-edge surveillance systems and industrial contracting solutions across diverse sectors. For the fiscal year 2024, Cemtrex achieved a 13% increase in revenue, reaching $66.9 million, driven by strong demand for AIS products and services.

The fourth quarter alone recorded a 9% revenue growth, totaling $18.1 million. Key financial highlights include a 39% surge in AIS revenue, which rose to $34.8 million, fueled by strategic acquisitions and heightened market demand. On the technology front, Vicon Industries introduced the NEXT™ Modular Camera System, featuring advanced AI-driven capabilities, marking a significant step toward integrated and intelligent security solutions.

Looking ahead, Cemtrex remains optimistic about its growth trajectory, …