Cemtrex Inc. (CETX) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
276 GREENPOINT AVE. BLD 8 SUITE 208 BROOKLYN, NY 11222 |
| State of Incorp. | DE |
| Fiscal Year End | September 30 |
| Industry (SIC) | 367 - Electronic Components And Accessories (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2023 MRQ | 12/31/2022 MRQ | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 5,782 | 10,624 | 15,442 | 20,378 | 2,183 | 974 | |||
| Cash and cash equivalents | 5,769 | 10,610 | 15,427 | 19,490 | 1,770 | 974 | |||
| Short-term investments | 14 | 14 | 15 | 888 | 413 | ||||
| Restricted cash and investments | 1,602 | 1,578 | 1,759 | 1,583 | 1,088 | 1,342 | |||
| Receivables | 7,320 | 5,961 | 9,298 | 8,119 | 8,399 | 14,111 | |||
| Inventory, net of allowances, customer advances and progress billings | 8,605 | 9,532 | 5,657 | 6,794 | 5,207 | 11,354 | |||
| Inventory | 8,605 | 9,532 | 5,657 | 6,794 | 5,207 | 11,354 | |||
| Prepaid expense | 1,446 | 415 | 299 | 1,026 | |||||
| Other current assets | 1,126 | 1,341 | 2,287 | 1,115 | |||||
| Other undisclosed current assets | 521 | 820 | 1,188 | 2,000 | 1,991 | ||||
| Total current assets: | 26,401 | 30,269 | 34,742 | 38,062 | 18,878 | 31,914 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 2,521 | 2,641 | 2,940 | 2,728 | ✕ | ||||
| Property, plant and equipment | 5,108 | 6,106 | 6,739 | 9,559 | 16,777 | 27,301 | |||
| Long-term investments and receivables | 762 | 762 | 1,587 | ||||||
| Due from related parties | 762 | 762 | |||||||
| Accounts and financing receivable, after allowance for credit loss | 1,587 | ||||||||
| Intangible assets, net (including goodwill) | 3,907 | 4,505 | 7,821 | 4,371 | 4,371 | 3,323 | |||
| Goodwill | 3,907 | 4,505 | 7,821 | 4,371 | 4,371 | 3,323 | |||
| Regulated entity, other noncurrent assets | 875 | ||||||||
| Deferred rent receivables, net | 126 | ||||||||
| Other noncurrent assets | 1,546 | 1,474 | 697 | 744 | 498 | 3,094 | |||
| Other undisclosed noncurrent assets | 665 | 7,448 | 2,283 | 1,573 | |||||
| Total noncurrent assets: | 14,508 | 15,488 | 18,198 | 25,726 | 25,515 | 35,416 | |||
| TOTAL ASSETS: | 40,910 | 45,758 | 52,940 | 63,787 | 44,393 | 67,331 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 5,969 | 5,633 | 6,777 | 5,340 | 7,330 | 9,967 | |||
| Taxes payable | ✕ | ✕ | 95 | 448 | 89 | 420 | 566 | ||
| Accounts payable | 2,723 | 3,257 | 4,235 | 2,858 | 4,237 | 7,068 | |||
| Accrued liabilities | 3,246 | 2,281 | 2,094 | 2,392 | 2,674 | 2,334 | |||
| Deferred revenue | 2,506 | 1,951 | 2,004 | 1,652 | 1,434 | ✕ | |||
| Debt | 17,099 | 16,895 | 9,978 | 7,035 | 10,914 | ||||
| Due to related parties | 19 | 19 | |||||||
| Other undisclosed current liabilities | 1,277 | 1,017 | 894 | 751 | 6,873 | 1,021 | |||
| Total current liabilities: | 26,870 | 25,515 | 19,653 | 14,777 | 15,637 | 21,902 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 4,093 | 5,375 | 10,257 | 5,058 | 8,096 | ||||
| Long-term debt, excluding current maturities | 2,271 | 5,375 | 10,257 | 5,058 | 8,052 | ||||
| Capital lease obligations | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 44 | ||
| Liabilities, other than long-term debt | 2,911 | 1,415 | 1,307 | 1,531 | 1,711 | ||||
| Deferred revenue | 595 | 607 | 468 | 467 | 490 | ✕ | |||
| Other liabilities | 582 | 808 | 839 | 1,064 | 1,222 | ||||
| Operating lease, liability | 1,733 | 1,822 | ✕ | ||||||
| Other undisclosed noncurrent liabilities | 2,332 | 97 | 3,050 | 5,279 | 20 | 2,052 | |||
| Total noncurrent liabilities: | 5,242 | 5,605 | 9,732 | 17,066 | 6,789 | 10,148 | |||
| Total liabilities: | 32,113 | 31,120 | 29,385 | 31,843 | 22,427 | 32,050 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 8,163 | 13,945 | 22,591 | 30,867 | 21,080 | 35,281 | |||
| Preferred stock | 2 | ||||||||
| Common stock | 1 | 26 | 21 | 18 | 4 | 13 | |||
| Treasury stock, value | (148) | (148) | (148) | (148) | |||||
| Additional paid in capital | 66,914 | 66,616 | 61,728 | 63,313 | 40,345 | 31,485 | |||
| Accumulated other comprehensive income (loss) | 2,601 | 2,378 | 2,896 | 854 | 796 | (483) | |||
| Retained earnings (accumulated deficit) | (61,206) | (54,929) | (41,908) | (33,173) | (20,068) | 4,263 | |||
| Other undisclosed equity, attributable to parent | 2 | 2 | 2 | 1 | 3 | 3 | |||
| Equity, attributable to noncontrolling interest | 634 | 693 | 964 | 1,078 | 886 | ||||
| Total equity: | 8,797 | 14,638 | 23,555 | 31,945 | 21,966 | 35,281 | |||
| TOTAL LIABILITIES AND EQUITY: | 40,910 | 45,758 | 52,940 | 63,787 | 44,393 | 67,331 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 TTM | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 51,573 | 50,275 | 43,131 | 43,518 | 39,265 | 89,937 | ||
| Cost of revenue | (31,344) | (31,219) | (26,163) | (24,154) | (23,702) | (58,551) | ||
| Gross profit: | 20,229 | 19,056 | 16,968 | 19,364 | 15,563 | 31,385 | ||
| Operating expenses | (34,994) | (35,924) | (25,710) | (23,398) | (23,010) | (42,286) | ||
| Operating loss: | (14,765) | (16,868) | (8,742) | (4,034) | (7,447) | (10,901) | ||
| Nonoperating income (expense) | 2,698 | 3,368 | 9,511 | (2,786) | (5,191) | 275 | ||
| Other nonoperating income (expense) | 6,318 | 7,265 | 8,758 | 1,821 | (63) | 1,523 | ||
| Interest and debt expense | (3,620) | (3,898) | (2,921) | (4,607) | (4,786) | (1,248) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 4,607 | 4,786 | 1,248 | |||||
| Loss from continuing operations before equity method investments, income taxes: | (15,688) | (17,399) | (2,152) | (6,820) | (12,638) | (10,626) | ||
| Loss from equity method investments | (1,215) | |||||||
| Other undisclosed income from continuing operations before income taxes | 3,620 | 3,898 | 2,921 | |||||
| Income (loss) from continuing operations before income taxes: | (12,068) | (13,501) | 769 | (6,820) | (12,638) | (11,840) | ||
| Income tax expense (benefit) | 209 | 209 | (375) | (2,074) | 1,336 | (2,600) | ||
| Income (loss) from continuing operations: | (11,859) | (13,292) | 394 | (8,894) | (11,303) | (14,440) | ||
| Loss before gain (loss) on sale of properties: | (8,762) | (13,292) | (7,886) | (9,707) | (21,863) | (14,440) | ||
| Loss from discontinued operations | (3,240) | (8,280) | (813) | (10,560) | ||||
| Net loss: | (15,099) | (13,292) | (7,886) | (9,707) | (21,863) | (14,440) | ||
| Net income (loss) attributable to noncontrolling interest | 279 | 271 | 78 | (227) | (502) | |||
| Other undisclosed net income attributable to parent | 5,200 | |||||||
| Net loss attributable to parent: | (14,820) | (13,021) | (7,808) | (9,934) | (22,365) | (9,240) | ||
| Preferred stock dividends and other adjustments | (3,171) | (1,966) | (915) | |||||
| Other undisclosed net loss available to common stockholders, basic | (81) | |||||||
| Net loss available to common stockholders, diluted: | (14,901) | (13,021) | (7,808) | (13,105) | (24,330) | (10,155) | ||
Comprehensive Income ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 TTM | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (15,099) | (13,292) | (7,886) | (9,707) | (21,863) | (14,440) | ||
| Other undisclosed comprehensive income (loss) | (355) | (519) | 1,084 | 23,142 | ||||
| Comprehensive income (loss): | (15,454) | (13,811) | (6,802) | (9,707) | 1,279 | (14,440) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 382 | 271 | (78) | 22 | (345) | |||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (3,398) | (23,985) | 3,935 | |||||
| Comprehensive loss, net of tax, attributable to parent: | (15,071) | (13,540) | (6,881) | (13,083) | (23,051) | (10,505) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.