Founded in 1998, Cemtrex Inc. (CETX) has steadily transformed from a traditional industrial services company into a multifaceted technology innovator with a growing presence in advanced security, smart surveillance, and intelligent infrastructure. Headquartered in Brooklyn, New York, Cemtrex has evolved through strategic acquisitions and internal innovation, redefining itself as a next-generation player operating at the intersection of industrial engineering and cutting-edge AI-driven technology.
The company’s core operations are divided between two primary segments: Advanced Industrial Services (AIS) and Security Technology, the latter driven primarily by its subsidiary Vicon Industries. This dual-segment strategy allows Cemtrex to balance long-term innovation with reliable cash-generating business lines. AIS delivers mission-critical services in industrial maintenance, plant upgrades, and infrastructure projects, while Vicon focuses on AI-enabled security camera systems and enterprise surveillance platforms used by government agencies, schools, commercial buildings, and urban security operations around the world.
Over the years, Cemtrex has positioned itself to meet the increasing demand for intelligent automation, edge-based surveillance, and integrated security solutions. Its commitment to R&D, combined with a deep understanding of legacy infrastructure, enables the company to create scalable, tech-forward products that address the needs of both legacy clients and forward-looking industries.
As global demand for proactive security solutions and smart city infrastructure continues to rise, Cemtrex is uniquely positioned to lead the charge. With a focus on modular, AI-powered hardware, cloud-integrated platforms, and sustainable industrial services, the company is building a future where security and operational intelligence are seamlessly unified. Cemtrex’s evolution from a behind-the-scenes industrial service provider to a public, NASDAQ-listed tech innovator highlights a compelling journey of transformation, making it a small-cap company with outsized potential in today’s digital-first economy.
Financial Performance: Growth, Resilience, and Revenue Expansion
In its fiscal year ending September 30, 2024, Cemtrex reported a 13% year-over-year revenue increase to $66.9 million, up from $59.4 million in fiscal 2023. This top-line growth was largely driven by its Industrial Services division, which grew 39% to $34.8 million. The Security segment, which includes Vicon Industries, saw a modest decline of 7%, with revenue at $32 million. However, strategic product launches and technological upgrades are expected to reinvigorate this segment in the coming quarters.
While the company reported an operating loss of $5.3 million—up from $1.5 million the previous year—this was largely attributed to increased R&D and SG&A investments. Cemtrex’s balance sheet remains stable and supported by key contract wins across both business lines, positioning it to convert these investments into profitability as it scales new technologies.

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NEXT™: A Game-Changer in Surveillance and Edge AI Technology
In November 2024, Cemtrex’s security subsidiary Vicon Industries introduced a groundbreaking product: the NEXT™ Modular Camera System. NEXT represents a major leap forward in surveillance hardware design, embedding high-performance AI processing and modular flexibility into a unified, installer-friendly form factor. With features like snap-and-twist installation, remote field-of-view adjustment, programmable light bars, integrated microphones, 360° speakers, and edge-based analytics, NEXT is poised to transform how organizations deploy and manage surveillance systems.
Unlike legacy surveillance technology, which is often bloated with dated components, NEXT was built from the ground up using the latest AI chipsets—30x more powerful than Vicon’s previous award-winning Roughneck AI cameras. The system can perform color forensics, smart object classification, and loitering detection with high accuracy, all while reducing deployment costs for integrators. Vicon estimates the platform saves up to 45 minutes per camera during installation and allows for remote fine-tuning post-deployment, slashing labor costs and service overhead for large-scale deployments.
NEXT’s compatibility with both Vicon’s Valerus on-premise VMS and Anavio cloud platform extends its utility into intelligent forensic search, face-based People Search, and real-time incident alerts. Furthermore, Vicon is actively certifying the system with the top five global video management software platforms, expanding its addressable market without requiring customers to abandon existing infrastructure.
Innovation and Expansion in Industrial Services
While much of the spotlight has recently focused on Cemtrex’s advances in security technology, its industrial services arm—Advanced Industrial Services—has also posted strong results. AIS secured $6.7 million in new contracts, including major upgrades for the Clearwater Road Wastewater Treatment Facility in Pennsylvania. These projects reflect Cemtrex’s growing credibility in infrastructure and environmental engineering, an often-overlooked but steady contributor to its financial base.
The industrial division’s momentum provides Cemtrex with cash flow stability, supporting more speculative technology investments like NEXT and its broader AI roadmap. This synergy allows Cemtrex to balance long-term innovation with near-term revenue reliability—an appealing mix for risk-aware growth investors.
Strategic Positioning in AI, Security, and Infrastructure
Cemtrex’s strength lies in its ability to operate at the convergence of enterprise security, industrial automation, and edge AI. Through NEXT, the company is entering a new era where surveillance is no longer passive observation but an active, intelligent layer of organizational infrastructure. The integration of audio-visual interaction, modular scalability, and AI-enhanced forensic tools positions NEXT as a category-defining product.
CEO Saagar Govil describes NEXT as the manifestation of Cemtrex’s broader vision: to redefine security technology as not just a protective mechanism, but a proactive enterprise tool. This includes AI-based integrations with IoT devices, future firmware updates for noise cancellation, and continuous development of AI assistants that deliver real-time, actionable data to security teams.
Cemtrex Is Building a Platform for Scalable, High-Margin Growth
Cemtrex’s dual growth engine—anchored in reliable industrial services and accelerated by disruptive AI security innovation—makes it one of the more compelling under-the-radar tech stocks on the market. With NEXT set to ship in Q1 2025, expanding contract wins, and a proven record of product development, Cemtrex appears well-positioned to leverage both organic growth and new market penetration.
As demand grows for intelligent automation and proactive security systems, Cemtrex’s forward-thinking strategy and R&D investments suggest a company ready to capitalize on macro trends in AI, cloud infrastructure, and public safety. For investors seeking exposure to AI-driven enterprise solutions backed by tangible infrastructure operations, Cemtrex Inc. (NASDAQ: CETX) is a small-cap stock worthy of attention.
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