Cemtrex, Inc. (NASDAQ:CETX) Q4 2023 Earnings Call Transcript

Unidentified Analyst: That’s great. One last question, I think the only overhang here is probably the piece of debt that you’ve got hanging out there with Chicago Ventures. I know we’ve discussed it in the past, but you’ve got positive cash flow right now. Can you just kind of give an overview of kind of the way you view how you want to handle that? Because I think once that’s handled, the sky’s your limit. And I’ll just stop. I’m going to hang up right now. So I mean, and listen.

Saagar Govil: Yes, sure. No, I appreciate the question. Yes, listen. I think we do have that debt outstanding. You know, we’ve been fortunate to have a really fantastic relationship with them, and they’ve worked with us to extend that over time. And, you know, they’ve been very supportive of us as we continue to improve our business. So ultimately, I think there’s, you know, ideally we continue to grow the business so that we can, you know, pay that down over time and get to a place. We’ve had three operating, you know, three quarters of operating profit. And, you know, I think as I hope that as we continue to improve, then we’ll be in a position to start to reduce that debt over time and continue to work with them as best as possible to satisfy that debt.

And I think as our business improves, I think we’ll be in a better and better position to deal with that. So, you know, we’ve been, you know, we were able to get that extended and, you know, so we’ll continue to work through that and, you know, I think as the business improves, it’s only going to get easier and easier for us to manage that.

Unidentified Analyst: Great job. Happy holidays to you and wishing you a fabulous 2024. Thank you.

Saagar Govil: Thanks, Alan.

Paul Wyckoff: Thank you.

Operator: And we have reached the end of our question and answer session now. Now I’d like to turn the call back over to Mr. Govil for closing remarks.

Saagar Govil: Thank you, operator. I would like to thank each of you for joining our earnings conference call today and look forward to continuing to update you on our ongoing progress and growth. If we were unable to answer any of your questions, please feel free to reach out to our IR firm MZ Group would be more than happy to assist. Thank you, everyone. Happy holidays.

Operator: And this concludes today’s conference. You may disconnect your lines at this time. Thank you for your participation.