CVD Equipment Corporation (CVV) Financial Statements (2024 and earlier)

Company Profile

Business Address 355 S. TECHNOLOGY DRIVE
CENTRAL ISLIP, NY 11722
State of Incorp. NY
Fiscal Year End December 31
Industry (SIC) 3559 - Special Industry Machinery, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments14,02514,36516,6517,6998,66411,439
Cash and cash equivalents14,02514,36516,6517,6998,66411,439
Receivables1,9063,7882,1621,7632,5464,065
Inventory, net of allowances, customer advances and progress billings4,4542,5381,2251,1241,7101,862
Inventory4,4542,5381,2251,1241,7101,862
Contract with customer, asset, after allowance for credit loss1,6042,1702,5384945131,358
Other current assets852797494709733723
Total current assets:22,84123,65823,07111,79014,16619,447
Noncurrent Assets
Property, plant and equipment12,16612,59612,26128,84432,10230,403
Intangible assets, net (including goodwill) 9119183289441496
Intangible assets, net (excluding goodwill) 9119183289441496
Other noncurrent assets91010141465
Deferred tax assets, net2,104
Other undisclosed noncurrent assets  1,529    
Total noncurrent assets:12,18414,25412,45429,14632,55733,067
TOTAL ASSETS:35,02537,91235,52440,93646,72352,515
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,9684,0452,9202,2272,4382,217
Accounts payable1,2031,4541,161818535713
Accrued liabilities1,7652,5911,7591,4091,9031,503
Deferred revenue4,9084,0421,6507872,275
Debt81771,766691675858
Contract with customer, liability537
Other undisclosed current liabilities597    460
Total current liabilities:8,5548,1646,3363,7045,3884,071
Noncurrent Liabilities
Long-term debt and lease obligation268349 13,10611,37712,052
Long-term debt, excluding current maturities268349 13,10611,37712,052
Total noncurrent liabilities:268349 13,10611,37712,052
Total liabilities:8,8228,5136,33616,81016,76516,122
Equity
Equity, attributable to parent26,20329,39929,18824,12629,95836,392
Common stock686767676665
Additional paid in capital28,69527,71227,27726,96226,72026,148
Retained earnings (accumulated deficit)(2,560)1,6201,844(2,903)3,17210,179
Total equity:26,20329,39929,18824,12629,95836,392
TOTAL LIABILITIES AND EQUITY:35,02537,91235,52440,93646,72352,515

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues24,10925,81316,44716,92019,64724,334
Cost of revenue(19,038)(19,186)(13,908)(14,038)(16,850)(19,156)
Gross profit:5,0716,6272,5392,8822,7975,178
Operating expenses(9,952)(8,450)(7,346)(10,706)(7,781)(10,433)
Operating loss:(4,881)(1,823)(4,807)(7,824)(4,985)(5,255)
Nonoperating income68782506666965160
Investment income, nonoperating577162663554160
Gain (loss), foreign currency transaction, before tax42(95)    
Other nonoperating income9115500603411 
Interest and debt expense(23)(8)2,182(444)(483)(463)
Loss from continuing operations before equity method investments, income taxes:(4,217)(1,749)(2,119)(7,602)(4,503)(5,558)
Other undisclosed income (loss) from continuing operations before income taxes231,5296,894 (411) 
Income (loss) from continuing operations before income taxes:(4,194)(220)4,775(7,602)(4,914)(5,558)
Income tax expense (benefit)14(4)(28)1,527(1,414)357
Income (loss) from continuing operations:(4,180)(224)4,746(6,075)(6,328)(5,201)
Income (loss) before gain (loss) on sale of properties:4,746(6,075)(6,328)(5,201)
Net income (loss) available to common stockholders, diluted:(4,180)(224)4,746(6,075)(6,328)(5,201)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(4,180)(224)4,746(6,075)(6,328)(5,201)
Comprehensive income (loss), net of tax, attributable to parent:(4,180)(224)4,746(6,075)(6,328)(5,201)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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