CVD Equipment Corporation (CVV) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments16,6517,6998,66411,43914,21121,67713,073
Cash and cash equivalents16,6517,6998,66411,43914,21121,67713,073
Restricted cash and investments      200
Receivables2,1621,7632,5464,0652,0596083,091
Inventory, net of allowances, customer advances and progress billings1,2251,1241,7101,8622,9663,2872,986
Inventory1,2251,1241,7101,8622,9663,2872,986
Contract with customer, asset2,5384945131,358
Costs in excess of billings8,3972,5974,635
Deferred tax assets  428398
Other current assets494709733723167236167
Total current assets:23,07111,79014,16619,44727,80028,83224,551
Noncurrent Assets
Property, plant and equipment12,26128,84432,10230,40328,83914,34514,794
Intangible assets, net (including goodwill)18328944149666225460
Intangible assets, net (excluding goodwill)18328944149666225460
Other noncurrent assets10141465686886
Deferred tax assets, net2,1041,6092,0121,607
Other undisclosed noncurrent assets     941,708
Total noncurrent assets:12,45429,14632,55733,06731,17916,77318,255
TOTAL ASSETS:35,52440,93646,72352,51558,97845,60542,806
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,9202,2272,4382,2173,9132,6863,754
Accounts payable1,1618185357131,175743308
Accrued liabilities1,7591,4091,9031,5032,7381,9433,446
Deferred revenue1,6507872,275
Debt1,766691675858647300580
Business combination, contingent consideration, liability    100  
Deferred revenue and credits29278308
Billings in excess of cost4665,262 
Contract with customer, liability537
Other undisclosed current liabilities   460   
Total current liabilities:6,3363,7045,3884,0715,4198,3264,642
Noncurrent Liabilities
Long-term debt and lease obligation 13,10611,37712,05212,7062,9663,266
Long-term debt, excluding current maturities 13,10611,37712,05212,7062,9663,266
Liabilities, other than long-term debt    200  
Business combination, contingent consideration, liability    200  
Total noncurrent liabilities: 13,10611,37712,05212,9062,9663,266
Total liabilities:6,33616,81016,76516,12218,32511,2917,907
Stockholders' equity
Stockholders' equity attributable to parent29,18824,12629,95836,39240,65434,31333,225
Common stock67676665656362
Additional paid in capital27,27726,96226,72026,14825,20924,13122,895
Retained earnings (accumulated deficit)1,844(2,903)3,17210,17915,38010,11810,267
Total stockholders' equity:29,18824,12629,95836,39240,65434,31333,225
TOTAL LIABILITIES AND EQUITY:35,52440,93646,72352,51558,97845,60541,132

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues16,44716,92019,64724,33441,12920,95538,965
Cost of revenue(13,908)(14,038)(16,850)(19,156)(23,528)(13,851)(23,820)
Gross profit:2,5392,8822,7975,17817,6007,10515,146
Operating expenses(7,346)(10,706)(7,781)(10,433)(10,381)(7,829)(10,554)
Operating income (loss):(4,807)(7,824)(4,985)(5,255)7,219(725)4,592
Nonoperating income (expense)506666965160(24)71(67)
Investment income, nonoperating663554160812825
Other nonoperating income500603411 21231
Interest and debt expense2,182(444)(483)(463)(106)(80)(92)
Other undisclosed income from continuing operations before equity method investments, income taxes    10680230
Income (loss) from continuing operations before equity method investments, income taxes:(2,119)(7,602)(4,503)(5,558)7,195(653)4,663
Other undisclosed income (loss) from continuing operations before income taxes6,894 (411)    
Income (loss) from continuing operations before income taxes:4,775(7,602)(4,914)(5,558)7,195(653)4,663
Income tax expense (benefit)(28)1,527(1,414)357(1,934)504(1,320)
Net income (loss):4,746(6,075)(6,328)(5,201)5,261(149)3,343
Other undisclosed net income (loss) attributable to parent     0(138)
Net income (loss) available to common stockholders, diluted:4,746(6,075)(6,328)(5,201)5,261(149)3,205

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):4,746(6,075)(6,328)(5,201)5,261(149)3,343
Comprehensive income (loss), net of tax, attributable to parent:4,746(6,075)(6,328)(5,201)5,261(149)3,343

Statements sources

The financial statements are based on the company's filings with the 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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