Filing Flows › Cemtrex (CETX) › Q4 FY24
Cemtrex (CETX) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Dec 30, 2024
Cemtrex (CETX) reported revenue of $18.1M for the fourth quarter fiscal 2024 (Q4 FY24), +9% from a year earlier and +24% from the quarter before. Operating margin was -1.8%, net earnings $4.4M (24.1% of revenue).
Cemtrex, Q4 FY24: revenue $18.1M (+9% year over year), operating margin -1.8%, net earnings $4.4M, operating cash flow −$1.9M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $18.1M | +24% | +9% |
| Operating profit | −$320K | — | — |
| Net earnings | $4.4M | — | — |
| Operating cash flow | −$1.9M | — | — |
What changed
Revenue was $18.1M in Q4 FY24, up 9% year over year and up 24% from the previous quarter. Industrial Services was the largest line at 53% of revenue.
Gross margin was 41.8%, up 0.6 points from a year earlier. Operating costs exceeded revenue by $320K, an operating margin of -1.8%. Operating expenses grew 15% against revenue growth of 9%. Net earnings were $4.4M ($4.4M including minority interests, which bore $55K of losses). The effective tax rate was -0.8%. Non-operating items added $4.6M, 107% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$1.9M. Non-cash charges added back $330K of depreciation and amortization and $8K of share-based compensation. Working capital and other items used $6.6M. Capital expenditures of $868K exceeded it, leaving free cash flow of −$2.7M.
Questions
What was Cemtrex's revenue in the fourth quarter fiscal 2024?
Cemtrex (CETX) reported revenue of $18.1M for the fourth quarter fiscal 2024 (Q4 FY24), +9% from a year earlier and +24% from the quarter before.
Was Cemtrex profitable in the fourth quarter fiscal 2024?
Operating loss was $320K (-1.8% of revenue) and net earnings $4.4M.
Source: Cemtrex 10-K on SEC EDGAR.