CVD(CVV)

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CVD(CVV) - 2021 Q2 - Quarterly Report
2021-08-15 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended June 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from ____ to _____ Commission file number: 1-16525 CVD EQUIPMENT CORPORATION (Name of Registrant in Its Charter) New York 11-2621692 355 South Technology Drive Centr ...
CVD(CVV) - 2021 Q1 - Earnings Call Transcript
2021-05-14 02:17
CVD Equipment Corporation (NASDAQ:CVV) Q1 2021 Earnings Conference Call May 13, 2021 4:30 PM ET Company Participants Emmanuel Lakios - President and CEO Thomas McNeill - CFO Conference Call Participants Brett Reiss - Janney Montgomery Scott Operator Greetings, and welcome to CVD Equipment 2021 First Quarter Results Conference Call. At this time, all participants are in a listen-only mode. [Operator Instructions] As a reminder, this conference is being recorded. We will begin with some prepared remarks follo ...
CVD(CVV) - 2021 Q1 - Quarterly Report
2021-05-12 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended March 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from ____ to _____ Commission file number: 1-16525 CVD EQUIPMENT CORPORATION (Name of Registrant in Its Charter) New York 11-2621692 State or Other Jurisdiction of ...
CVD(CVV) - 2020 Q4 - Earnings Call Transcript
2021-04-01 01:44
CVD Equipment Corporation (NASDAQ:CVV) Q4 2020 Earnings Conference Call March 31, 2021 4:30 PM ET Company Participants Emmanuel Lakios - President and Chief Executive Officer Thomas McNeill - Chief Financial Officer Conference Call Participants Brett Reiss - Janney Montgomery Scott Operator Greetings, and welcome to CVD Equipment 2020 Fourth Quarter and Year End Results Conference Call. At this time, all participants are in a listen only mode. [Operator Instructions] As a reminder, this conference is being ...
CVD(CVV) - 2020 Q4 - Annual Report
2021-03-30 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________ Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the fiscal year ended December 31, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from ___ to _____ Commission file number: 1-16525 CVD EQUIPMENT CORPORATION (Exact name of registrant as specified in its charter) New York 11-2621692 ( ...
CVD(CVV) - 2020 Q3 - Quarterly Report
2020-11-12 21:15
Financial Performance - Total revenue for Q3 2020 was $3,993,204, a decrease of 30.0% compared to $5,704,882 in Q3 2019[14] - Gross profit for Q3 2020 was $435,791, down 68.9% from $1,399,823 in Q3 2019[14] - Operating loss for Q3 2020 was $(1,392,653), compared to $(248,571) in Q3 2019, reflecting a significant increase in losses[14] - Net loss for the nine months ended September 30, 2020, was $(767,591), compared to $(3,707,685) for the same period in 2019[14] - For the three months ended September 30, 2020, the net loss was $1,291,641 compared to a net loss of $138,009 for the same period in 2019, indicating a significant increase in losses[16] - Total consolidated revenue for the nine months ended September 30, 2020, was $13,748,000, a decrease from $14,100,000 in the same period of 2019, representing a decline of approximately 2.5%[68] - Operating loss for the nine months ended September 30, 2020, was $(2,417,000), compared to an operating loss of $(4,357,000) for the same period in 2019, indicating an improvement in operational performance[68] Expenses and Liabilities - Research and development expenses decreased to $90,227 in Q3 2020 from $112,724 in Q3 2019, a reduction of 20.0%[14] - Total current liabilities decreased to $3,490,592 in September 2020 from $5,388,081 in December 2019, a reduction of 35.2%[10] - Total stockholders' equity decreased to $29,390,368 in September 2020 from $29,957,845 in December 2019[10] - Total operating expenses for the three months ended September 30, 2020, were $1,828,444, an increase of 10.9% from $1,648,394 in the prior year[14] - The company reported stock-based compensation of $200,114 for the nine months ended September 30, 2020, compared to $476,458 for the same period in 2019, showing a decrease of about 58%[19] Cash Flow and Assets - Cash and cash equivalents decreased to $8,187,497 in September 2020 from $8,664,253 in December 2019[10] - The total cash and cash equivalents at the end of the period were $8,187,497, down from $6,739,065 at the end of September 30, 2019, reflecting a decrease of approximately 21.5% year-over-year[19] - The net cash used in operating activities for the nine months ended September 30, 2020, was $1,188,504, compared to $2,092,962 for the same period in 2019, indicating a decrease of about 43%[19] - The company had total inventories of $1.444 million as of September 30, 2020, down from $1.710 million at December 31, 2019[49] - The company’s retained earnings decreased to $2,404,463 as of September 30, 2020, from $3,172,054 at December 31, 2019, reflecting the impact of operational losses[10] Customer and Revenue Insights - During the three months ended September 30, 2020, two customers accounted for 26.0% of total revenues, while in the same period of 2019, two customers represented 42.8%[38] - The Company reported total revenues of $3.0 million for the three months ended September 30, 2020, compared to $5.7 million for the same period in 2019, reflecting a decrease of approximately 47%[41] - The Company has unrecognized contract revenue of approximately $2.7 million at September 30, 2020, expected to be recognized within the next twelve months[45] - The company’s revenue disaggregation showed aerospace revenue of $1.433 million for the three months ended September 30, 2020, compared to $2.506 million in 2019[41] Debt and Financing - The Company entered into a loan agreement for $2.4 million under the Paycheck Protection Program, maturing on April 21, 2022[57] - The Company has a long-term debt balance of approximately $2.1 million as of September 30, 2020, down from $2.4 million at December 31, 2019[51] - The Company recognized approximately $1.5 million of a tax benefit due to the CARES Act, with $0.8 million as a receivable at September 30, 2020[60] Impact of COVID-19 - The aerospace sector, which significantly impacts the company's business, has faced substantial reductions in new orders due to the COVID-19 pandemic, affecting revenue levels[70] - The Company experienced a significant reduction in new order levels during the first nine months of 2020, impacting revenues starting in the second quarter[70] - The company has been actively monitoring the impact of COVID-19 and plans to evaluate government-sponsored programs to mitigate financial impacts[70] - The company intends to continue monitoring developments related to COVID-19 and adapt its strategies accordingly to navigate the ongoing challenges[70]
CVD(CVV) - 2020 Q2 - Quarterly Report
2020-08-14 20:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________ Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended June 30, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from ____ to _____ Commission file number: 1-16525 CVD EQUIPMENT CORPORATION (Name of Registrant in Its Charter) New York 11-2621692 State or Other ...
CVD(CVV) - 2020 Q1 - Quarterly Report
2020-05-14 20:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________ Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended March 31, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from _____ to _____ Commission file number: 1-16525 CVD EQUIPMENT CORPORATION (Name of Registrant in Its Charter) New York 11-2621692 State or Othe ...
CVD(CVV) - 2019 Q4 - Annual Report
2020-03-30 20:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________ Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the fiscal year ended December 31, 2019 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from ___ to _____ Commission file number: 1-16525 CVD EQUIPMENT CORPORATION (Exact name of registrant as specified in its charter) New York 11-2621692 ( ...
CVD(CVV) - 2019 Q3 - Earnings Call Transcript
2019-11-13 00:11
CVD Equipment Corporation (NASDAQ:CVV) Q3 2019 Earnings Conference Call November 12, 2019 4:30 PM ET Company Participants Len Rosenbaum – President and Chief Executive Officer Tom McNeill – Chief Financial Officer Conference Call Participants Brett Reiss – Janney Montgomery Scott Martin Howard – Private Investor Operator Greetings, and welcome to the CVD Equipment Corporation Third Quarter 2019 Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. It’s my pleasure to int ...