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Cvd Equipment Corp. (CVV)
NASDAQ:CVV
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CVD Equipment
(NASDAQ:CVV)
45Neutral
CVD Equipment (CVV) vs. S&P 500 (SPY)
Market Cap
$19.54M
Dividend YieldN/A
Average Volume (3M)17.29K
Price to Earnings (P/E)―
Beta (1Y)1.05
Revenue Growth11.47%
EPS Growth54.59%
CountryUS
Employees118
SectorIndustrials
Sector Strength83
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)0.02
Shares Outstanding6,881,838
10 Day Avg. Volume17,382
30 Day Avg. Volume17,290
Financial Highlights & Ratios
PEG Ratio-0.18
Price to Book (P/B)0.37
Price to Sales (P/S)0.00
P/FCF Ratio-12.25
Enterprise Value/Market Cap0.37
Enterprise Value/Revenue0.08
Enterprise Value/Gross Profit1.14
Enterprise Value/Ebitda-0.51
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
CVD Equipment Business Overview & Revenue Model
Company DescriptionCVD Equipment Corporation (CVV) is a leading provider of chemical vapor deposition systems and related equipment used to produce advanced materials and coatings. The company serves a variety of sectors, including aerospace, medical, electronics, and energy, by supplying high-quality systems that enable research and production of cutting-edge technologies. CVD Equipment's core products include systems used for the deposition of thin films, nanomaterials, and other advanced materials, catering to both industrial and research applications.
How the Company Makes MoneyCVD Equipment Corporation generates revenue primarily through the sale of its chemical vapor deposition systems and related equipment. The company designs, develops, and manufactures these systems, which are essential for producing high-performance materials and coatings across various industries. Key revenue streams include equipment sales, service contracts, and customer support services. Additionally, CVD Equipment may engage in strategic partnerships and collaborations with research institutions and industrial corporations to enhance its product offerings and expand its market reach. These partnerships can lead to co-development opportunities and additional revenue through joint ventures or technology licensing.
CVD Equipment Financial Statement Overview
Summary
CVD Equipment shows signs of revenue growth but struggles with profitability and cash flow efficiency. The absence of equity and zero debt in 2024 suggest a precarious financial structure, raising concerns about long-term sustainability. The company needs to address operational inefficiencies and strengthen its balance sheet to improve its financial health.Income Statement
CVD Equipment's revenue has shown some growth from $16.45M in 2021 to $26.88M in 2024. However, the company has consistently reported negative net income, with a net profit margin of -7.06% in 2024. The gross profit margin has decreased to 23.56% in 2024, indicating shrinking profitability. Negative EBIT and EBITDA margins further highlight operational challenges.40
Negative
Balance Sheet
The balance sheet reflects a weakening financial position. With total liabilities at zero in 2024, the company has no leverage, but also no equity reported. Equity ratio is non-existent due to zero stockholder equity, indicating a potential risk concerning financial stability.30
Negative
Cash Flow
CVD Equipment's cash flow from operations remains negative, with a free cash flow of -$1.60M in 2024 compared to -$0.62M in 2023. The free cash flow to net income ratio is negative, showing continued cash flow challenges. The operating cash flow to net income ratio also indicates inefficiencies in cash usage.35
Negative
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 26.88M | 24.11M | 25.81M | 16.45M | 16.92M | Gross Profit |
| 6.33M | 5.07M | 6.63M | 2.54M | 2.88M | EBIT |
| -2.42M | -4.88M | -1.82M | -4.81M | -7.82M | EBITDA |
| -1.17M | -3.38M | 655.00K | 5.78M | -5.77M | Net Income Common Stockholders |
| -1.90M | -4.18M | -224.00K | 4.75M | -6.07M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 12.60M | 14.03M | 14.37M | 16.65M | 7.70M | Total Assets |
| 31.69M | 35.02M | 37.91M | 35.52M | 40.94M | Total Debt |
| 268.00K | 349.00K | 426.00K | 1.77M | 13.80M | Net Debt |
| -12.33M | -13.68M | -13.94M | -14.89M | 6.10M | Total Liabilities |
| 0.00 | 8.82M | 8.51M | 6.34M | 16.81M | Stockholders Equity |
| 50.67M | 26.20M | 29.40M | 29.19M | 24.13M |
| Cash Flow | Free Cash Flow | |||
| -1.59M | -624.00K | -524.00K | -4.51M | -2.71M | Operating Cash Flow |
| -1.49M | -206.00K | 194.00K | -4.27M | -1.13M | Investing Cash Flow |
| 144.00K | -133.00K | -708.00K | 22.84M | -1.58M | Financing Cash Flow |
| -82.00K | -1.00K | -1.77M | -9.62M | 1.75M |
CVD Equipment Technical Analysis
Negative
2.90
Price Trends
3.00
Negative
3.36
Negative
3.37
Negative
Market Momentum
-0.05
Positive
43.66
Neutral
43.70
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CVV, the sentiment is Negative. The current price of 2.9 is below the 20-day moving average (MA) of 2.97, below the 50-day MA of 3.00, and below the 200-day MA of 3.37, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 43.66 is Neutral, neither overbought nor oversold. The STOCH value of 43.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CVV.
CVD Equipment Risk Analysis
CVD Equipment disclosed 31 risk factors in its most recent earnings report. CVD Equipment reported the most risks in the “Production” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
CVD Equipment Peers Comparison
Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | $4.36B | 12.05 | 5.23% | 249.94% | 4.13% | -10.23% | |
64 Neutral | $26.24M | 1.87 | 25.51% | ― | -7.07% | ― | |
61 Neutral | $36.39M | 30.39 | 2.00% | ― | -29.65% | -84.94% | |
50 Neutral | $43.42M | ― | -30.59% | ― | -44.07% | -78.93% | |
45 Neutral | $19.54M | ― | -7.36% | ― | 11.47% | 54.59% | |
45 Neutral | $63.78M | ― | 29.28% | ― | -30.29% | 40.03% | |
42 Neutral | $21.70M | ― | -109.72% | ― | -83.96% | 29.71% |
* Industrials Sector Average
Performance Comparison
CVV
CVD Equipment
2.90
-2.14
-42.46%
BW
Babcock & Wilcox Company
0.65
-0.54
-45.38%
BWEN
Broadwind Energy
1.61
-0.58
-26.48%
GTEC
Greenland Technologies Holding
1.99
0.52
35.37%
CETY
Clean Energy Technologies
0.44
-0.92
-67.65%
LASE
Laser Photonics Corp.
3.04
0.42
16.03%
CVD Equipment Earnings Call Summary
Earnings Call Date:Mar 19, 2025
(Q4-2024)
| % Change Since: -7.94%|
Next Earnings Date:May 13, 2025
Earnings Call Sentiment Neutral
The earnings call presented notable revenue growth and improvements in gross profit margins, with positive developments in the aerospace and defense sector. However, challenges persist in the silicon carbide market, with significant inventory write-downs and a continued operating loss for the fiscal year. Geopolitical and tariff concerns pose additional risks for the future.Q4-2024 Updates
Positive Updates
Significant Revenue Growth
Fourth quarter 2024 revenue was $7.4 million, representing an 80.3% increase from the prior year's fourth quarter. Full-year 2024 revenue was $26.9 million, an 11.5% increase from the previous year.
Backlog and Orders Increase
The backlog at the end of 2024 was $19.4 million, 4.9% higher than at the end of 2023. Full-year 2024 orders were $28.1 million, an 8.9% increase compared to 2023.
Aerospace and Defense Recovery
Received a $3.5 million follow-on order for CVI/CVD3500 from an existing aerospace customer, indicating recovery in the aerospace and defense market.
Improved Gross Profit Margin
Gross profit margin for the fourth quarter was 27.3%, compared to a negative margin in the fourth quarter of 2023. Full-year gross profit margin improved to 23.6% from 21% in the prior year.
Negative Updates
Decline in Silicon Carbide Market
The silicon carbide market remains challenging due to global overcapacity of wafers and a decline in wafer prices.
Inventory Write-Down
An additional non-cash charge of $300,000 was recorded to reduce the net realizable value of PVT150 inventory, contributing to a total charge of $1.3 million for the 2024 fiscal year.
Operating Loss for Fiscal Year
Operating loss for the fiscal year was $2.4 million, compared to $4.9 million in the prior year. Net loss for the year was $1.9 million, compared to a net loss of $4.2 million in 2023.
Geopolitical and Tariff Concerns
Potential imposition of tariffs and geopolitical issues may affect the supply chain and increase costs, presenting challenges in fiscal 2025 and beyond.
Company Guidance
During CVD Equipment Corporation's Fourth Quarter and Fiscal Year 2024 Financial Results Call, the company reported a revenue of $7.4 million for the fourth quarter, marking an 80.3% increase from the previous year's fourth quarter, though slightly down from the $8.2 million in the third quarter of 2024. The annual revenue for 2024 was $26.9 million, reflecting an 11.5% increase from 2023. The orders for the fourth quarter were $7.1 million, contributing to a total of $28.1 million for the year, an 8.9% rise from 2023. The backlog as of December 31, 2024, was $19.4 million, up 4.9% from the previous year. The company achieved a gross profit margin of 27.3% in the fourth quarter, with a net income of $132,000, or $0.02 per share, contrasting with a net loss of $2.3 million in the fourth quarter of 2023. The fiscal year ended with a net loss of $1.9 million, or $0.28 per share, compared to a $4.2 million loss in 2023. Looking ahead, CVD anticipates continuing fluctuations in orders and revenue due to market conditions and geopolitical factors.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.