Cemtrex (CETX) Q3 2026 earnings summary

Executive summary

• Revenue for the quarter ended June 30, 2026, was $18.4M, up 9% year-over-year, driven by acquisitions and growth in Industrial Services, offset by Security segment declines.

• Operating loss for the quarter was $1.19M, narrowing from $2.2M in Q2, with operating EBITDA loss improving to $0.6M from $1.7M in Q2.

• Net loss attributable to stockholders was $4.48M, nearly flat year-over-year, reflecting higher operating expenses and non-cash charges.

• Two acquisitions closed in the period: Invocon (Aerospace and Defense) and Richland Industries (Industrial Services); Plant Engineering Services was acquired post-quarter, with another Industrial Services acquisition under letter of intent.

• Positive operating cash flow of $0.2M in Q3, compared to $5.1M cash used in operations in the first half of the fiscal year.

Financial highlights

• Gross profit for the quarter was $7.7M (42% margin), nearly flat year-over-year and up from $6.8M (38%) in Q2.

• Net loss for the quarter was $4.5M, nearly flat year-over-year.

• Working capital increased to $13.2M and stockholders' equity to $32.0M at June 30, 2026, up from $5.2M and $8.7M at September 30, 2025.

• Cash, equivalents, restricted cash, and marketable securities totaled $13.0M at quarter end.

• Other expense for the quarter was $3.3M, mainly from warrant liability revaluation and interest expense.

Outlook and guidance

• Management highlights substantial doubt about the company’s ability to continue as a going concern due to recurring losses and significant debt obligations, despite recent capital raises and cost-saving initiatives.

• Management expects continued improvement driven by structural changes, not one-time items.

• Completing the AIS Tennessee turnaround is a near-term priority, with confidence in long-term value creation.

• The company is focused on improving margins, raising additional capital, and integrating recent acquisitions to drive future growth.