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SEGMENT AND GEOGRAPHIC INFORMATION
 12 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
SEGMENT AND GEOGRAPHIC INFORMATION

NOTE 3 – SEGMENT AND GEOGRAPHIC INFORMATION

 

The Company has two business segments, consisting of (i) Advanced Technologies (AT) and (ii) Industrial Services (IS).

 

Advanced Technologies (AT)

 

Cemtrex’s Advanced Technologies segment operates several brands that deliver cutting-edge software and hardware technologies:

 

  - Vicon Industries – Vicon Industries, a majority owned subsidiary, provides end-to-end video security solutions to meet the toughest corporate, industrial and governmental security challenges. Vicon’s products include browser-based video monitoring systems and analytics-based recognition systems, cameras, servers, and access control systems for every aspect of security and surveillance in industrial and commercial facilities, federal prisons, hospitals, universities, schools, and federal and state government offices. Vicon provides cutting edge, mission critical security and video surveillance solutions utilizing Artificial Intelligence (AI) based data algorithms.
  - SmartDesk – SmartDesk is focused on reinventing the workspace through developing state-of-the-art, modern, fully integrated, workplace solutions.
  - Cemtrex XR (“CXR”) – CXR is focused on realizing the potential of the metaverse. CXR delivers Virtual Reality (VR) and Augmented Reality (AR) solutions that provide higher productivity, progressive design and impactful experiences for consumer products, and various commercial and industrial applications. The Company is in the process of developing virtual reality applications for commercialization in the metaverse over the next couple years. CXR also invests in emerging startups focused on building best in class solutions for the metaverse.
  - Virtual Driver Interactive (“VDI”) – VDI provides innovative driver training simulation solutions for effective and engaging learning for all ages and skills.
  - Bravo Strong – Bravo Strong is a gaming and content studio working to building games and experiences for the metaverse.
  - good tech (formerly Cemtrex Labs) – good tech provides mobile, web, and enterprise software application development services for startups to large enterprises.

 

Industrial Services (IS)

 

Cemtrex’s IS segment operates through a brand, Advanced Industrial Services (“AIS”), that offers single-source expertise and services for rigging, millwrighting, in plant maintenance, equipment erection, relocation, and disassembly to diversified customers. We install high precision equipment in a wide variety of industrial markets like automotive, printing & graphics, industrial automation, packaging, and chemicals among others. We are a leading provider of reliability-driven maintenance and contracting solutions for the machinery, packaging, printing, chemical, and other manufacturing markets. The focus is on customers seeking to achieve greater asset utilization and reliability to cut costs and increase production from existing assets, including small projects, sustaining capital, turnarounds, maintenance, specialty welding services, and high-quality scaffolding.

 

 

The following tables summarize the Company’s segment information:

 

   2022   2021 
   For the years ended 
   September 30, 
   2022   2021 
Revenues from external customers          
Advanced Technologies  $29,068,907   $24,154,488 
Industrial Services   21,206,016    18,976,446 
Total revenues  $50,274,923   $43,130,934 
           
Gross profit          
Advanced Technologies  $12,713,294   $10,591,956 
Industrial Services   6,342,224    6,376,396 
Total gross profit  $19,055,518   $16,968,352 
           
Operating income/(loss)          
Advanced Technologies  $(13,535,275)  $(9,793,851)
Industrial Services   (3,333,086)   1,052,031 
Total operating loss  $(16,868,361)  $(8,741,820)
           
Other income/(expense)          
Advanced Technologies  $3,548,734   $4,891,984 
Industrial Services   (181,160)   4,619,048 
Total other expense  $3,367,574   $9,511,032 
           
Depreciation and Amortization          
Advanced Technologies  $1,158,444   $515,465 
Industrial Services   704,246    819,724 
Total depreciation and amortization  $1,862,690   $1,335,189 

 

   September 30,   September 30, 
   2022   2021 
Identifiable Assets          
Advanced Technologies  $29,098,644   $33,850,496 
Industrial Services   16,658,984    19,089,392 
Total Assets  $45,757,628   $52,939,888 

 

 

The Company generates revenue from product sales and services from its subsidiaries located in the United States, The United Kingdom, and India. Revenue and long-lived asset information for the Company is as follows:

 

   For the year ended 
   September 30,   September 30, 
Revenues  2022   2021 
United States  $48,190,274   $39,081,703 
United Kingdom   2,049,239    3,989,223 
India   35,410    60,008 
   $50,274,923   $43,130,934 

 

   September 30,   September 30, 
Long-lived Assets   2022    2021 
United States  $12,663,822   $16,790,785 
United Kingdom   346,948    397,968 
India   242,003    311,601 
   $13,252,773   $17,500,354