A world-leading industrial and manufacturing solutions company Cemtrex, Inc, that is rapidly growing through acquisitions. Has recently announced its consolidated results of operations for the twelve months with ended September 30^th, 2017.

Cemtrex, Inc. (NASDAQ:CETX) is a global, diversified industrial and manufacturing company that provides wide array of manufacturing services such as advanced custom-engineered electronics, industrial contracting services, monitoring instruments for industrial processes and environmental compliance, and equipment for controlling particulates, hazardous pollutants, and Greenhouse gases used in carbon trading globally, to meet today’s technology challenges.

Cemtrex Fiscal Year 2017 Highlights:

• Revenue increased by 29% to $120,628,200 for the twelve months ended in September 30, 2017, compared to $93,704,560 for the same period in 2016.
• Comprehensive Income to Common shareholders was even at $4,029,699 for fiscal year ended September 30, 2017, as compared to $4,019,898 for fiscal year ended September 30, 2016.
• Earnings per Share for 2017 were $.31 compared to $.58 for 2016, a decrease of 32%. The Company paid the Preferred stock dividend of $1,200,871 during fiscal year ended September 30, 2017, as compared to $0.00 for fiscal year ended September 30, 2016. The Company had 10,175,736 common shares outstanding at the end of fiscal 2017 as compared to 8,514,772 shares outstanding at the end of fiscal 2016 on a diluted basis.
• EBITDA was down 5.3% to $8,571,125 in the twelve month period ended September 30, 2017, compared to EBITDA of $9,053,839 in the same period in 2016.

Itemized reconciliation between Net Income and EBITDA is as follows;

Fiscal 2017 Fourth Quarter Highlights:

• Revenue for the fourth quarter fiscal 2017 was $32,919,304 compared to $36,766,914 for the fourth quarter 2016, a decrease of 10%. On a sequential basis, revenues increased from $27,806,656, or 18% from the third quarter to the fourth quarter of fiscal 2017.
• Earnings per Share for the fourth quarter fiscal 2017 were $.13 compared to $.22 for the fourth quarter 2016, a decrease of 40%. On a sequential basis, earnings per share increased from $.11to $.13or 18% from the third quarter to the fourth quarter of fiscal 2017.

Commenting on the yearly results, Mr. Saagar Govil, Chairman and Chief Executive Officer of the Company remarked, "This past year, was another record year for Cemtrex as our sales increased by 29% due to the full benefit of our previous acquisitions supplemented by increased revenue of our existing business. However, we had higher operating expenses due to (i) certain uncompleted acquisition costs, (ii) higher sales &marketing expenses and (iii) research & development expenses related to our newly launched subsidiary Cemtrex Advanced technologies. We have been investing heavily in all aspects of our business this year which we anticipate will yield positive results for us in the future.”

"Over the past several years we have demonstrated our ability to successfully acquire and integrate companies with complementary and synergistic technologies. We will continue to seek and execute additional strategic acquisitions and focus on expanding our products and services as well as entering into new markets. We will also continue to leverage our engineering and manufacturing expertise and strong customer relationships to develop new cutting-edge technologies and advanced products that solve technological challenges faced by our customers and deliver exceptional value for our shareholders.” continued Mr. Govil.

Mr. Govil also talked about the plans to release its much-anticipated Smart Desk IoT product in May of 2018. Which is being developed in-house by the Company’s newly formed Advanced Technologies group.

The Smart Desk is targeting the office place market and is designed to help companies adopt the most advanced technologies available and tremendously increase employees’ productivity.

“The Smart Desk represents the first total reinvention of the personal workspace in decades and it will revolutionize workstation productivity just as smartphones made society more productive over conventional cell phones,” said Cemtrex’s Chairman and CEO, Saagar Govil. “Not only do we expect every office to order multiple Smart Desks, we also anticipate that every household would want to have at least one Smart Desk in their house,” continued Mr. Govil.

While the traditional market leaders in the computing space have been focused on mobility solutions, the desktop market remains massive in size with approximately 270 million units being shipped in 2016 which amounts to $180 billion market size. According to Gartner, the corporate market is a large market opportunity for the smart desk as desktop PCs account for almost 84% of PCs sold and 74% of those sold are to business users.

Joe Novelli, Vice President of Product Development at Cemtrex, said, “With over 60 inches of intelligent touch display area, exclusive custom applications, and an advanced content touch management system, the smart desk is slated to be a big leap ahead of current productivity solutions in the market today. This futuristic product will raise multi-tasking to entirely new levels and will generate enormous excitement in the workspace.”

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