Cemtrex Inc (NASDAQ:CETX)’s CEO, Saagar Govil, will lead the company’s presentation at the Annual LD Micro Invitational on June 7. According to a company press release, the presentation will cover discussions around Cemtrex’s business operations as well as the recent highlights, which perhaps include the recently completed acquisition of Periscope.
Not only will Cemtrex Inc (NASDAQ:CETX)’s presentation seek to share important details with peers participating in the LD Micro conference, but also meet investors. With growing hope over Fed interest rates review this month or the coming one, investor appetite for promising stocks is expected to increase. As such, the LD Micro conference should provide Cemtrex with the opportunity to pitch its business to both potential customers and investors or perhaps potential acquirers.
The company said that its management will be available for all the day of the LD Micro conference. The reason for putting the management there throughout the conference period is to allow them ample time to have one-on-one meetings with participants interested in knowing more about Cemtrex.
A business on growth trajectory
Ahead of the LD Micro event, Cemtrex Inc (NASDAQ:CETX) is already touting its near meteoric growth over a span of just a few years. In 2013, the company was $13 million revenue business and in 2015, its revenue sat above $56 million and it is on its way to hit $100 million in annual revenues.
Cemtrex Inc (NASDAQ:CETX) recently announced that it had completed the acquisition of Periscope, a Germany company specializing in providing electronic manufacturing solutions (EMS). According to the company, the acquisition will be immediately accretive to its topline, pushing its annual revenue to above $100 million.
Cemtrex Inc (NASDAQ:CETX)’s acquisition of Periscope could not have come at a much better time. It is estimated that Germany’s EMS industry will grow at CAGR of 10.1% between 2011 and 2017. Cemtrex is especially hoping to capitalize on the electric vehicle market. Globally, automotive electronic market is expected to grow to $352.9 billion by 2023 compared to $185.1 billion in 2015. Germany is an interesting market for electronics manufacturers targeting the automotive market. the country is in the process of rolling out a massive electronic vehicle subsidy, which is expected to fuel the sale of electronic vehicles.