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Cvd Equipment Corp. (CVV)
NASDAQ:CVV
Earnings Data
Report Date
May 19, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-0.22Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 19, 2025
|% Change Since: -2.22%
|Next Earnings Date:May 19, 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.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.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.
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CVV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CVV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 19, 2025 | $3.15 | $3.16 | +0.32% |
| Nov 13, 2024 | $2.77 | $3.20 | +15.52% |
| Aug 13, 2024 | $3.74 | $3.62 | -3.21% |
| May 13, 2024 | $5.04 | $4.53 | -10.12% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cvd Equipment Corp. (CVV) report earnings?
Cvd Equipment Corp. (CVV) is schdueled to report earning on May 19, 2025, TBA Not Confirmed.
What is Cvd Equipment Corp. (CVV) earnings time?
Cvd Equipment Corp. (CVV) earnings time is at May 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CVV EPS forecast?
Currently, no data Available
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