Wed, Mar 19, 8:02 PM (39 days ago)
**CVD Equipment Corporation (CVV: NASDAQ)** **Financial Performance (2024 vs. 2023):** - **Revenue:** $26.9M (2024) vs. $24.1M (2023), an 11.5% increase. - **Gross Profit:** $6.3M (2024) vs. $5.1M (2023), a 24.8% increase. - **Operating Loss:** ($2.4M) (2024) vs. ($4.9M) (2023), a 50.5% improvement. - **Net Loss:** ($1.9M) (2024) vs. ($4.2M) (2023), a 54.6% improvement. **Segment Performance:** - **CVD Equipment:** $18.3M (2024) vs. $16.2M (2023). - **SDC:** $7.8M (2024) vs. $6.7M (2023). - **MesoScribe:** $0.8M (2024) vs. $0.7M (2023). **Strategic Overview:** - Focus on aerospace, microelectronics, and industrial applications. - Key products: PVT150/200 systems, CVI systems, and silicon carbide coatings. - Strategic initiatives: Expanding product offerings, increasing market presence, and enhancing technological capabilities. **Future Outlook:** - Continued investment in R&D and product development. - Expansion into new markets and customer segments. - Focus on operational efficiency and cost management. **Risk Factors:** - Market volatility and economic uncertainties. - Supply chain disruptions and inflationary pressures. - Competitive pressures and technological changes. **Financial Condition:** - **Cash Position:** $12.6M (2024) vs. $14.0M (2023). - **Working Capital:** $13.9M (2024) vs. $14.3M (2023). - **Backlog:** $19.4M (2024) vs. $18.4M (2023). **Market Position Changes:** - Increased focus on aerospace and industrial contracts. - Expansion into new customer segments and geographic markets. - Strategic partnerships and collaborations to enhance market position.