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Cemtrex, Inc. Announces Closing of $1.25 Million Underwritten Public Offering
Globenewswire· 2025-05-29 13:45
Core Viewpoint - Cemtrex, Inc. has successfully closed a public offering, raising approximately $1.25 million before expenses, which indicates the company's ongoing efforts to secure funding for its operations and growth initiatives [1][2]. Group 1: Offering Details - The public offering consisted of 1,250,000 shares of common stock priced at $1.00 per share [2]. - Aegis Capital Corp. has been granted a 45-day option to purchase up to 15% additional shares to cover over-allotments [2]. Group 2: Company Background - Cemtrex, Inc. operates in the Security and Industrial sectors, with its Security segment providing advanced video management software and integrated surveillance solutions [5]. - The Industrial segment offers expert services such as rigging and equipment installation to manufacturers across the nation [5].
Liberty to Participate in Lytham Partners Investor Conference
Globenewswire· 2025-05-28 12:01
Company Overview - Liberty Defense Holdings Ltd. is a technology provider specializing in AI-based detection solutions for concealed weapons and threats [1][4] - The company has developed the HEXWAVE product, which offers modular and scalable protection for high-traffic areas such as airports and stadiums [4] Upcoming Events - CEO Bill Frain will participate in the Lytham Partners Investor Conference on May 29, 2025, and will hold one-on-one meetings with institutional investors [1][2] - A live webcast of the presentation will be available at 4:15 PM ET on the same day [2] Technology Demonstration - Liberty Defense will showcase its HEXWAVE scanning technology at the American Association of Airport Executives (AAAE) event from June 8-10, 2025, in Atlanta, GA [2] - The HEXWAVE technology is already deployed at several U.S. airports and meets the upcoming TSA regulatory requirements for employee screening by April 2026 [2] Marketing Campaign - The company has engaged Native Ads for a marketing campaign with a total retainer of up to CA$200,000, focusing on digital media advertising [2] - The campaign budget allocation includes 75% for costs per click and media buying, and 25% for content creation and optimization [2]
Cemtrex, Inc. Announces Pricing of $1.25 Million Underwritten Public Offering
Globenewswire· 2025-05-28 12:00
Core Viewpoint - Cemtrex, Inc. has announced a public offering of common stock expected to raise approximately $1.25 million before expenses [1][3]. Group 1: Offering Details - The offering consists of 1,250,000 shares of common stock priced at $1.00 per share [2]. - Aegis Capital Corp. has been granted a 45-day option to purchase up to 15% additional shares to cover over-allotments [2]. - The transaction is expected to close on or about May 29, 2025, subject to customary closing conditions [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be used for general corporate purposes, paying down indebtedness, and working capital [3]. Group 3: Company Overview - Cemtrex, Inc. operates in the Security and Industrial sectors, providing advanced security technology and industrial services [7]. - The Security segment, led by Vicon Industries, offers video management software and integrated surveillance solutions [7]. - The Industrial segment provides expert rigging, millwrighting, and equipment installation services to manufacturers [7].
Cemtrex, Inc. Announces Launch of Proposed Public Offering
Globenewswire· 2025-05-28 00:05
Core Viewpoint - Cemtrex, Inc. has initiated a public offering of Common Stock and pre-funded warrants to raise capital for general corporate purposes, debt repayment, and working capital needs [1][2]. Group 1: Offering Details - The offering is being managed by Aegis Capital Corp. on a firm commitment basis [3]. - The offering is conducted under an effective shelf registration statement filed with the SEC, which was declared effective on February 3, 2025 [3]. - A final prospectus supplement and accompanying prospectus will be filed with the SEC and made available on their website [3]. Group 2: Company Overview - Cemtrex, Inc. operates in the Security and Industrial sectors, with its Security segment providing advanced video management software and integrated surveillance solutions [5]. - The Industrial segment offers expert services such as rigging and equipment installation to manufacturers across the nation [5]. - The company emphasizes innovation, execution, and strategic growth to enhance safety, efficiency, and value for customers and shareholders [5].
Senstar Technologies Corporation Reports First Quarter 2025 Financial Results
Prnewswire· 2025-05-27 20:05
Core Insights - Senstar Technologies Corporation reported strong financial results for the first quarter of 2025, highlighting double-digit revenue growth and significant improvements in gross and EBITDA margins [2][3][5]. Financial Performance - Revenue for Q1 2025 was $8.4 million, a 12.5% increase from $7.5 million in Q1 2024 [3][8]. - Gross profit reached $5.7 million, representing a gross margin of 67.2%, up from 59.6% in the previous year [3][8]. - Operating income was $1.0 million compared to an operating loss of $73,000 in the same quarter last year [5][8]. - Net income for Q1 2025 was $1.0 million, or $0.04 per share, compared to a net loss of $0.7 million, or ($0.03) per share, in Q1 2024 [5][8]. - EBITDA for the first quarter was $1.2 million, a significant increase from $114,000 in Q1 2024 [6][8]. Cost Management - Operating expenses were $4.6 million, a slight increase of 2% from $4.5 million in Q1 2024, primarily due to targeted marketing and selling expenses [4][8]. - The increase in gross margin was attributed to a balanced product mix, cost optimization, and efficient cost control [3][8]. Cash Position - As of March 31, 2025, cash and cash equivalents, along with short-term bank deposits, totaled $22 million, up from $20.6 million at the end of 2024 [6][8]. Market Position - The company experienced strong demand across its core verticals, including Corrections, Energy, and Logistics, and noted growing global interest in its MultiSensor solution [2].
Xtract One Teams Up with MLB’s Colorado Rockies to Deploy SmartGateway at Coors Field, Bringing Frictionless Screening to Fans this Season
Globenewswire· 2025-05-27 11:00
Core Insights - Xtract One Technologies has signed an agreement with the Colorado Rockies to implement its SmartGateway system at Coors Field, enhancing security and entry processes for fans this baseball season [1][2][3] Company Overview - Xtract One Technologies is a technology-driven provider of threat detection and security solutions, utilizing AI to create seamless and secure experiences for various facilities [5] - The company specializes in unobtrusive weapons and threat detection systems designed to improve safety while maintaining a smooth flow of traffic at entry points [5] Product Details - SmartGateway allows individuals to pass through security checks up to seven times faster than traditional walk-through metal detectors, significantly reducing wait times [2][3] - The system can screen up to 2,400 patrons per hour, providing data-driven security insights that enhance operational efficiency [3] Strategic Collaboration - The partnership with the Colorado Rockies aims to create a safe environment for fans, players, and personnel, aligning with the Rockies' values of integrity, service, quality, and trust [2][3] - This deployment is part of Xtract One's commitment to advancing stadium security across major organizations like Major League Baseball [2] Technology Recognition - Xtract One's Multi-Sensor Gateway portfolio has received the U.S. Department of Homeland Security's SAFETY Act Designation as a Qualified Anti-Terrorism Technology, underscoring the effectiveness of its security solutions [3]
Evolv Technologies (EVLV) - 2025 Q1 - Earnings Call Transcript
2025-05-20 21:30
Financial Data and Key Metrics Changes - Revenue in Q1 2025 was $32 million, up 10% sequentially and 44% year over year, reflecting new customer acquisition and strong expansion from the installed customer base [21][43] - Annual recurring revenue (ARR) grew 34% year over year to $106 million at the end of Q1 2025 [22][44] - Adjusted EBITDA for Q1 2025 increased to $1.7 million, with an adjusted EBITDA margin of 5% [22][47] Business Line Data and Key Metrics Changes - The company welcomed over 50 new customers in Q1 2025, serving approximately 950 customers across key end markets [21] - Sales and marketing spend as a percentage of revenue is improving, indicating more effective execution by the sales team [24] - The new certified pre-owned program aims to recapture value from returning units, contributing positively to revenue and cash flow [25][26] Market Data and Key Metrics Changes - Evolve Express is deployed in 20 of the 100 largest US school districts, screening over 850,000 students and visitors daily [30] - In healthcare, the installed base has reached 500 hospital buildings, with daily visitor screenings nearly doubling year over year [31] - The company is monitoring new legislation in California mandating weapons detection systems in hospitals, indicating potential market growth [32] Company Strategy and Development Direction - The company aims to leverage its subscription model to drive predictable long-term revenue growth, with 78% of the 2025 revenue plan already contracted [75] - The focus is on expanding the subscription base and enhancing customer engagement across various verticals, including education and healthcare [76] - The company is optimistic about the long-term potential of its AI-powered weapons detection technology, with plans to increase market penetration significantly [38] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the challenges faced over the past year but expresses confidence in the company's ability to emerge stronger and more resilient [18][20] - The outlook for 2025 includes expected revenue growth of 20% to 25%, with a focus on achieving positive adjusted EBITDA and cash flow [40][54] - The company is committed to maintaining operational efficiency while investing in back-office improvements to support growth [54] Other Important Information - The company has resolved an FTC inquiry and completed a restatement that shifted $3.1 million in revenue to future periods [17] - The balance sheet shows $35 million in cash and equivalents, down from $52 million at the end of Q4 2024, primarily due to one-time cash disbursements [49] Q&A Session Summary Question: Success with expansions and vertical contributions - Management noted that 50% of new subscriptions came from expansions, with specific vertical contributions to be followed up later [60] Question: Impact of new California law on hospital security - Management confirmed engagement with customers in California regarding the new legislation, viewing it as a significant opportunity [63] Question: CapEx expectations for the year - Management indicated a CapEx range of $20 to $25 million to support the subscription business [68] Question: Strategy refinements and potential acquisitions - The focus remains on driving the subscription model, with 78% of the revenue outlook already contracted [75] Question: Revenue progression expectations for 2025 - Management expects to deploy at least as many units in 2025 as in 2024, with a focus on subscription growth [84] Question: Purchase versus subscription model mix - Management confirmed a preference for pure subscription models, while still offering purchase options [92] Question: New customers for Expedite product - The 12 new customers for Expedite included both existing customers and new clients, indicating strong early traction [95]
Cloudastructure Kicks Off 2025 with 212% Q1 Revenue Surge and Major Contract Wins
Globenewswire· 2025-05-15 13:00
Core Insights - Cloudastructure, Inc. reported a significant revenue increase of 212% year-over-year for Q1 2025, reaching $0.7 million, marking a strong start as a publicly-traded company [10][12] - The company achieved a positive gross profit of $0.3 million, a notable improvement from a gross loss of $17 thousand in Q1 2024 [12] - Cloudastructure secured its largest contract in history within the luxury multifamily segment, indicating strong demand for its AI-driven surveillance solutions [3][4] Revenue Growth and Market Expansion - The demand for Cloudastructure's AI-driven surveillance and remote guarding platform accelerated, driven by rising crime rates and the need for proactive security measures [2][9] - The company expanded its reach into the affordable housing sector through a partnership to implement cloud surveillance services in high-density communities [4] - National property management firms increased their use of Cloudastructure's platform across luxury apartment portfolios, reflecting a trend towards intelligent surveillance systems [5] Innovation and Infrastructure - Cloudastructure transitioned its AI hosting operations to a renewable energy-powered data center, significantly reducing processing costs and enhancing compliance with energy regulations [6] - The launch of Alpha™, a solar-powered, AI-enabled mobile surveillance trailer, showcases the company's commitment to innovation in security solutions [7] Financial Performance - Cost of goods sold increased to $0.4 million, but the company benefited from a 30% reduction in hosting and data center bandwidth costs due to its infrastructure transition [11] - Despite a net loss of $2.5 million for the quarter, attributed to higher operating expenses, the company remains focused on sustainable growth and operational efficiency [12][13] Customer and Service Metrics - The company reported a 38% increase in the number of customer locations serviced and a 79% rise in cloud video surveillance subscriptions [18] - Remote guarding revenue surged by 164%, while hardware sales increased by 241%, indicating strong demand across various service offerings [18]
Xtract One Enters Master Supply Agreement with Global Entertainment Organization for Security Screening Deployment
Globenewswire· 2025-05-15 11:00
Core Insights - Xtract One Technologies has entered into a Master Supply Agreement with a leading global media and entertainment organization for its SmartGateway screening technology, which will be deployed initially at a venue in Asia with potential for further expansion globally [1][2] Company Overview - Xtract One Technologies is recognized as a technology-driven provider of threat detection and security solutions, utilizing AI to enhance safety while providing seamless experiences [5] - The company's SmartGateway technology allows for fast and frictionless entry, enhancing safety without compromising user experience [3] Technology and Innovation - SmartGateway employs AI-powered sensors to unobtrusively scan individuals, detecting threats while maintaining guest privacy, thus reducing wait times and enabling faster entry [3] - The Multi-Sensor Gateway portfolio has received the U.S. Department of Homeland Security's SAFETY Act Designation as a Qualified Anti-Terrorism Technology, underscoring the effectiveness of Xtract One's security solutions [3] Market Position - The agreement with a major player in the global entertainment industry sets a new standard for security measures, aiming to enhance safety for venue visitors worldwide [2] - Xtract One's solutions are designed to serve various markets, including schools, hospitals, arenas, and manufacturing, positioning the company as a market leader in security technology [5]
Crane NXT(CXT) - 2025 Q1 - Earnings Call Transcript
2025-05-08 15:02
Crane NXT (CXT) Q1 2025 Earnings Call May 08, 2025 10:00 AM ET Company Participants Matt Roache - VP, Investor RelationsAaron Saak - CEO & President of Crane NXTChristina Cristiano - Senior VP & CFOBob Labick - PresidentDamian Karas - Executive Director Conference Call Participants Matthew Summerville - Equity AnalystMichael Halloran - Senior Research Analyst - Associate Director of ResearchBobby Brooks - Vice President, Senior Equity Research Analyst Operator Good day, and thank you for standing by. Welcom ...