Cemtrex, Inc. (NASDAQ:CETX) Q4 2022 Earnings Call Transcript

Saagar Govil: Yeah, I can’t really comment on the SEC matter. I think everything that we had to say has been already disclosed on that matter. So, there’s nothing really more for me to add. It’s a situation where anytime you get into a legal battle with the SEC, you have to be mindful of running a legal bill, and all of the implications that that come with that as a distraction to running the core business for a company of our size. So that’s really all I’m going to comment on that. But I think that based on the direction we’re going right now, we’ve taken an enormous amount of steps to move this company in the right direction. We have a new board, all the new board members that came to our auditors. We moved and shed all of our money losing operations, we’re focused on are two very well established businesses with product market fit that have real opportunity for growth and opportunities in this market.

And we’re very much focused on driving growth and making improvement in the overall business and helping that translate to create more value for shareholders. And I think everything that we’ve been doing now over the last 12 to 15 months, I think, has all been under that same guide and direction. And we’re going to continue to do that to turn this around. And that’s really what we’re 100% focused on.

Operator: There are no further questions at this time. I would like to now turn the call back over to Mr. Govil for his 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 and regroup we’d be more than happy to assist. Thank you.