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CVV Stock Declines Post-Q1 Earnings Despite Return to Profitability
ZACKS· 2025-05-16 18:26
Shares of CVD Equipment Corporation (CVV) have lost 10.3% since the company reported its earnings for the quarter ended March 31, 2025. This compares to the S&P 500 Index’s 1.3% gain over the same time frame. Over the past month, the stock has lost 15.3% against the S&P 500’s 11.8% gain.Earnings SnapshotCVD Equipment reported a significant turnaround in the first quarter of 2025. Revenues rose 68.9% year over year to $8.3 million from $4.9 million in the same quarter last year, also marking a 12.2% increase ...
CVD(CVV) - 2025 Q1 - Earnings Call Transcript
2025-05-13 22:00
CVD Equipment (CVV) Q1 2025 Earnings Call May 13, 2025 05:00 PM ET Speaker0 Greetings and thank you for standing by and welcome to the CVD Equipment Corporation's First Quarter twenty twenty five Earnings Call. As a reminder, this conference is being recorded. We will begin with some prepared remarks followed by a question and answer session. Presenting on the call today will be Emmanuel Lakios, President and CEO and member of the CVD Board of Directors and Richard Catalano, Executive Vice President and Chi ...
CVD(CVV) - 2025 Q1 - Quarterly Report
2025-05-13 20:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended March 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from ____ to _____ Commission file number: 1-16525 CVD EQUIPMENT CORPORATION (Name of Registrant in Its Charter) New York 11-2621692 State or Other Jurisdiction of Incorporation or Organization) Washington, D ...
CVD(CVV) - 2025 Q1 - Quarterly Results
2025-05-13 20:00
Exhibit 99.1 enabling tomorrow's technologies™ 355 South Technology Drive, Central Islip, New York 11722 | T 631.981.7081 | info@cvdequipment.com CVD Equipment Corporation Reports First Quarter 2025 Financial Results CENTRAL ISLIP, N.Y., (Business Wire) – May 13, 2025 - CVD Equipment Corporation (NASDAQ: CVV), today announced its financial results for the first quarter ended March 31, 2025. Manny Lakios, President and CEO of CVD Equipment Corporation, stated, "First quarter 2025 revenue was $8.3 million, up ...
CVD Equipment Stock Down Despite Y/Y Uptick in Q4 Earnings, Revenues
ZACKS· 2025-03-24 16:21
Core Viewpoint - CVD Equipment Corporation (CVV) has shown resilience in its stock performance despite broader market downturns, with significant year-over-year revenue growth and a return to net income in the fourth quarter of 2024 [1][3][10]. Quarterly Revenue and Earnings Performance - Fourth-quarter 2024 revenues reached $7.4 million, an 80.3% increase from $4.1 million in the same quarter of the previous year, although slightly below the $8.2 million in the third quarter of 2024 [2]. - Net income for the quarter was $132,000 or $0.02 per share, compared to a net loss of $2.3 million or $0.33 per share in the fourth quarter of 2023 [3]. - Gross profit was $2 million, reflecting a margin of 27.3%, a significant improvement from a gross loss of $348,000 in the prior year [3]. Full-Year Performance - For the full year 2024, revenues increased by 11.5% to $26.9 million from $24.1 million in 2023, while the net loss narrowed to $1.9 million or $0.28 per share from $4.2 million or $0.62 per share in 2023 [4]. Order Activity and Backlog - Fourth-quarter orders totaled $7.1 million, with a notable $3.5 million follow-on order for the CVI/CVD3500 system from an existing aerospace customer [5]. - Full-year orders rose 8.9% to $28.1 million from $25.8 million in 2023, driven by demand in aerospace and industrial markets [5]. - The year-end backlog increased by 4.9% to $19.4 million from $18.4 million, indicating steady customer interest [6]. Segment Performance - The CVD Equipment segment was the primary driver of revenue growth, benefiting from aerospace and industrial contract activity [7]. - The SDC segment experienced a 28.8% year-over-year revenue increase in the fourth quarter of 2024, supported by strong demand for gas delivery systems [7]. Financial Metrics - Gross margin for the year improved to 23.6% from 21%, despite a $1.3 million inventory write-down on PVT150 systems [8]. - Operating loss for 2024 was reduced to $2.4 million from $4.9 million in 2023, aided by gains from the sale of equipment related to discontinued operations [8]. Cash Position - Cash and cash equivalents at year-end were $12.6 million, down from $14 million a year earlier, while working capital slightly decreased to $13.9 million from $14.3 million [9]. Management Commentary - CEO Emmanuel Lakios highlighted the company's progress in navigating complex market conditions and noted the achievement of positive net income for two consecutive quarters [10]. - CFO Richard Catalano acknowledged challenges from inflation and supply chain costs but expressed confidence in the company's cash position and cost control efforts [10]. Market Challenges - The silicon carbide market, particularly for 150 mm wafers, faces challenges due to global overcapacity and declining wafer prices, impacting future orders [11]. - Management indicated that future orders will depend on broader market recovery and capacity needs [11]. Strategic Focus - The company discontinued its MesoScribe product line in 2024 to focus on core CVD and SDC businesses, reflecting a strategic effort to streamline operations [13]. - Ongoing strategic investments in R&D and sales are aimed at positioning the company for long-term growth and profitability [12].
CVD(CVV) - 2024 Q4 - Earnings Call Transcript
2025-03-20 00:10
CVD Equipment Corporation (NASDAQ:CVV) Q4 2024 Earnings Conference Call March 19, 2025 5:00 PM ET Company Participants Emmanuel Lakios - President and CEO Richard Catalano - EVP and CFO Conference Call Participants Brett Reiss - Janney Montgomery Scott Operator Greetings and thank you for standing by. And welcome to CVD's Equipment Corporation's Fourth Quarter and Fiscal Year 2024 Financial Results Call. As a reminder, this conference is being recorded. We will begin with some prepared remarks, followed by ...
CVD(CVV) - 2024 Q4 - Earnings Call Transcript
2025-03-19 22:02
CVD Equipment (CVV) Q4 2024 Earnings Call March 19, 2025 05:00 PM ET Company Participants Emmanuel Lakios - President & Chief Executive OfficerRichard Catalano - Vice President and Chief Financial OfficerBrett Reiss - SVP Conference Call Participants None - Analyst Operator Greetings and thank you for standing by. And welcome to CVD's Equipment Corporation's Fourth Quarter and Fiscal Year twenty twenty four Financial Results Call. As a reminder, this conference is being recorded. We will begin with some pre ...
CVD(CVV) - 2024 Q4 - Earnings Call Transcript
2025-03-19 21:00
CVD Equipment (CVV) Q4 2024 Earnings Call March 19, 2025 05:00 PM ET Company Participants Emmanuel Lakios - President & Chief Executive OfficerRichard Catalano - Vice President and Chief Financial OfficerBrett Reiss - SVP Conference Call Participants None - Analyst Operator Greetings and thank you for standing by. And welcome to CVD's Equipment Corporation's Fourth Quarter and Fiscal Year twenty twenty four Financial Results Call. As a reminder, this conference is being recorded. We will begin with some pre ...
CVD(CVV) - 2024 Q4 - Annual Report
2025-03-19 20:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the fiscal year ended December 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from ___ to _____ Commission file number: 1-16525 CVD EQUIPMENT CORPORATION (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of Incorp ...
CVD(CVV) - 2024 Q4 - Annual Results
2025-03-19 20:00
Revenue Performance - Fourth quarter 2024 revenue was $7.4 million, an increase of 80.3% year over year, driven by higher system revenue from the CVD Equipment segment and increased gas delivery system revenue from the SDC segment [2]. - Full year 2024 revenue reached $26.9 million, a rise of 11.5% compared to $24.1 million in 2023, primarily due to increased revenues from aerospace contracts and the SDC segment [8]. Profitability - The gross profit margin for 2024 improved to 23.6%, up from 21.0% in the prior year, attributed to higher revenues and improved margins on CVD contracts [8]. - Fourth quarter operating income was $35,000, compared to an operating loss of $2.5 million in the same quarter of the previous year [4]. - Net income for the fourth quarter was $132,000, or $0.02 per share, compared to a net loss of $2.3 million, or $0.33 per share, in the prior year [4]. Orders and Backlog - The backlog as of December 31, 2024, was $19.4 million, up from $18.4 million at the end of 2023 [2]. - Total new orders for the fiscal year were $28.1 million, an increase of approximately 8.9% from $25.8 million in 2023, driven by aerospace and industrial orders [8]. Strategic Focus - The company continues to invest in research and development and sales and marketing, focusing on aerospace & defense, microelectronics/power electronics, and EV battery materials/energy storage [8]. - The company anticipates fluctuations in order and revenue levels due to the nature of the emerging growth markets and geopolitical challenges affecting the supply chain [2]. Inventory Management - The company recognized a $1.3 million non-cash charge in 2024 to reduce PVT150™ inventory to net realizable value [8].