CVD(CVV)

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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
Financial Data and Key Metrics Changes - In Q3 2019, the company's revenue was $5.7 million, an increase of $1.7 million or 41.6% compared to $4 million in Q3 2018 [7] - The net loss for Q3 2019 was $138,000 or $0.02 per diluted share, significantly improved from a net loss of $2.5 million or $0.39 per diluted share in Q3 2018 [7] - For the first nine months of 2019, revenues were $14.1 million, down from $19.6 million in 2018, a decrease of $5.5 million or 28.1% [8] - The gross profit margin improved to 25% in Q3 2019, compared to 10% in Q2 2019 and negative 11% in Q1 2019 [11] Business Line Data and Key Metrics Changes - The increase in Q3 revenue was primarily due to higher sales of spare parts and equipment [8] - The company received new orders of approximately $7.9 million in Q3 2019, compared to $3.3 million in Q2 and $6.5 million in Q1 2019, leading to an order backlog of $6.7 million as of September 30, 2019, up from $4.5 million at June 30 [10] Market Data and Key Metrics Changes - The company is focusing on high-margin growth markets in materials for corrosion resistance, medical, aerospace, and defense coatings to stabilize equipment sales [6] Company Strategy and Development Direction - The company is enhancing its marketing efforts for equipment and materials sales, showcasing its material facility operations and offering coating services to new and existing customers [4] - The company anticipates that the operational start of Tantaline U.S. manufacturing in Q4 will contribute to improved sales [5] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about returning to profitability, citing improved order flow, cost containment measures, and enhanced gross profit margins [13][16] - The company is committed to monitoring orders and expenditures while focusing on returning to profitable quarterly results [6] Other Important Information - Cash and cash equivalents were $6.7 million at September 30, 2019, down from $11.4 million at December 31, 2018, with working capital decreasing to $9.7 million [14] - The company invested $2.1 million in capital expenditures related to building improvements and machinery for CVD Materials operations [15] Q&A Session Summary Question: Are the bookings of $7.9 million all legacy business or do they include new material handling business? - Management indicated that the $7.9 million includes both legacy business and some components from new material handling [17] Question: When will Tantaline operations be fully operational? - Management stated that Tantaline operations will start in Q4 but will take most of the first half of the next year to be fully operational [20] Question: Is there room for further cost reductions? - Management confirmed that cost containment is an ongoing process and they are always looking for efficiencies [23] Question: Will the company be hiring additional personnel as orders increase? - Management expressed hope to announce additional hirings as orders increase, indicating they do not intend to reduce beneficial personnel [24] Question: Is the company actively seeking a replacement tenant for the space given back? - Management confirmed that they are actively pursuing a replacement tenant through a broker [25] Question: What is the potential revenue for the Meso division in the coming years? - Management affirmed that the Meso division has the potential to become a significant revenue contributor, possibly reaching $5 million to $20 million in a few years [28]
CVD(CVV) - 2019 Q3 - Quarterly Report
2019-11-12 21:01
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 September 30, 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 (Name of Registrant in Its Charter) New York 11-2621692 State or Other Jurisdiction ...
CVD(CVV) - 2019 Q2 - Earnings Call Transcript
2019-08-13 22:06
CVD Equipment Corporation (NASDAQ:CVV) Q2 2019 Earnings Conference Call August 13, 2019 4:30 PM ET Company Participants Len Rosenbaum - President & Chief Executive Officer Tom McNeill - Chief Financial Officer Conference Call Participants Brett Reiss - Janney Montgomery Scott Operator Greetings, and welcome to CVD Equipment's 2019 Second Quarter Results Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Inst ...
CVD(CVV) - 2019 Q2 - Quarterly Report
2019-08-13 20:01
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, 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 (Name of Registrant in Its Charter) New York 11-2621692 State or Other Jurisdiction of I ...
CVD(CVV) - 2019 Q1 - Earnings Call Transcript
2019-05-11 11:06
CVD Equipment Corporation (NASDAQ:CVV) Q1 2019 Earnings Conference Call May 9, 2019 4:30 PM ET Company Participants Leonard Rosenbaum - Founder, Chairman, President and Chief Executive Officer Thomas McNeill - Chief Financial Officer, Secretary & Treasurer Conference Call Participants Brett Reiss - Janney Montgomery Scott Operator Greetings, and welcome to CVD Equipment's 2019 First Quarter Results Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will ...
CVD(CVV) - 2019 Q1 - Quarterly Report
2019-05-09 20:01
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, 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 (Name of Registrant in Its Charter) New York 11-2621692 State or Other Jurisdiction of ...
CVD(CVV) - 2018 Q4 - Earnings Call Transcript
2019-04-02 00:09
CVD Equipment Corporation (NASDAQ:CVV) Q4 2018 Results Earnings Conference Call April 1, 2019 4:30 PM ET Company Participants Len Rosenbaum - President & CEO Thomas McNeill - CFO Conference Call Participants Brett Reiss - Janney Montgomery Scott Morton Howard - Bryn Mawr Trust Operator Greeting and welcome to the CVD Equipment's 2018 Fourth Quarter and Annual Results Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. ...