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Cvd Equipment Corp. (CVV)
NASDAQ:CVV
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Earnings Data
Report Date
Mar 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2024
|% Change Since: 35.74%
|Next Earnings Date:Mar 27, 2025
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook with significant revenue growth, strategic orders, and an improvement in operating income and net income. However, there were challenges such as a year-to-date revenue decline, noncash inventory charges, and a decrease in gross profit margins, along with the wind-down of the MesoScribe subsidiary.Company Guidance
During the third quarter of 2024 earnings call, CVD Equipment Corporation reported a revenue of $8.2 million, marking a 31.4% increase from the prior year period and a 29.1% rise compared to the second quarter of 2024. Despite a year-to-date revenue of $19.5 million being 2.8% lower than the previous year, the company achieved a net income of $209,000, or $0.03 per share, contrasting with a net loss of $753,000, or $0.30 per share, in the third quarter of 2023. The quarter's orders totaled $4.1 million, primarily driven by the CVD segment, with a $19.8 million backlog as of September 30, 2024, representing a 7.6% increase from the 2023 year-end backlog. However, the company faced challenges with a $1 million noncash charge due to overcapacity in the 150-millimeter silicon carbide market, yet remained optimistic about future growth and profitability.Significant Revenue Growth
Third quarter revenue was $8.2 million, a 31.4% increase from the prior year period and a 29.1% increase compared to the second quarter of 2024.
Strategic Orders and Shipments
Shipped a PVT200 system to a new account for silicon carbide 200-millimeter crystal boule growth, and received a $3.5 million follow-on order for CVI/CVD3500 system from an existing aerospace customer.
Operating Income Turnaround
Operating income for the third quarter was $77,000, compared to an operating loss of $1 million in the third quarter of 2023.
Net Income Improvement
Net income for the third quarter was $209,000, or $0.03 per share, compared to a net loss of $753,000, or $0.30 per share for the third quarter of 2023.
Increased Backlog
Backlog on September 30, 2024, was $19.8 million, a 7.6% increase over the 2023 year-end backlog.
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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 |
|---|---|---|---|
| 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% |
| Mar 28, 2024 | $4.71 | $4.92 | +4.46% |
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 Mar 27, 2025, TBA Not Confirmed.
What is Cvd Equipment Corp. (CVV) earnings time?
Cvd Equipment Corp. (CVV) earnings time is at Mar 27, 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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