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CVV

CVD Equipment Corporation

CVV

CVD Equipment Corporation • NASDAQ
$3.49 ▲ 5.44% (+0.18)
Market Cap $23.94 M
52w High $4.80
52w Low $2.46
Dividend Yield 0%
P/E -116.33
Volume 9.93K
Outstanding Shares 6.86M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $7.408M ▲ $2.113M ▼ $384K ▲ 5.184% ▲ $0.056 ▲ $550K ▲
Q2-2025 $5.111M ▼ $2.213M ▼ $-1.061M ▼ -20.759% ▼ $-0.15 ▼ $-889K ▼
Q1-2025 $8.316M ▲ $2.426M ▲ $360K ▲ 4.329% ▲ $0.052 ▲ $564K ▲
Q4-2024 $7.414M ▼ $1.992M ▲ $132K ▼ 1.78% ▼ $0.02 ▼ $364K ▼
Q3-2024 $8.194M $1.758M $203K 2.477% $0.03 $382K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $8.358M ▲ $29.775M ▼ $4M ▼ $25.775M ▲
Q2-2025 $7.023M ▼ $29.945M ▼ $4.764M ▼ $25.181M ▼
Q1-2025 $10.219M ▼ $31.08M ▼ $5.088M ▼ $25.992M ▲
Q4-2024 $12.598M ▲ $31.686M ▼ $6.318M ▼ $25.368M ▲
Q3-2024 $10.005M $31.846M $6.872M $24.974M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $384K ▲ $1.357M ▲ $0 ▲ $-22K $1.335M ▲ $1.357M ▲
Q2-2025 $-1.061M ▼ $-3.17M ▼ $-4K ▲ $-22K ▼ $-3.196M ▼ $-3.174M ▼
Q1-2025 $360K ▲ $-2.262M ▼ $-96K ▼ $-21K $-2.379M ▼ $-2.307M ▼
Q4-2024 $132K ▼ $2.251M ▲ $363K ▲ $-21K $2.593M ▲ $2.364M ▲
Q3-2024 $203K $32K $-37K $-21K $-26K $-5K

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
CVD
CVD
 $0 ▲$10.00M ▲$0 ▼$10.00M ▲
SDC
SDC
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has been relatively small and fairly steady over the past several years, with modest gross profit and operating results hovering around break‑even. The company has swung between small profits and small losses, with one notably strong profit year followed by a return to losses. Overall, the income statement tells a story of a niche industrial player still working to convert its technology and product focus into consistently profitable growth, with earnings volatility and limited scale as key watchpoints.

Balance Sheet

Balance Sheet The balance sheet appears conservative and relatively clean. The company holds a meaningful cash cushion compared with its size and currently carries little to no financial debt, relying mainly on shareholder equity to fund the business. Assets and equity have been broadly stable over time, which suggests no aggressive expansion or leverage but also limited balance‑sheet driven growth. This gives some financial flexibility, but also underscores the importance of eventually generating stronger profits from the existing asset base.

Cash Flow

Cash Flow Cash generation has been roughly around break‑even over recent years, with operating cash flow and free cash flow not showing a strong, sustained upward trend. Capital spending has been modest, which helps preserve cash but may also constrain the pace of capacity expansion unless growth is carefully managed. The cash flow profile suggests a company that has been able to fund itself without heavy borrowing, but that still needs to demonstrate more durable, positive cash generation as its markets develop.

Competitive Edge

Competitive Edge CVD Equipment is a specialized, smaller player in advanced deposition and thermal process equipment, particularly around silicon carbide and other high‑performance materials. Its strengths lie in deep process expertise, custom solutions, and close collaboration with customers, rather than in scale or broad product coverage. This niche positioning and high‑touch service can create sticky relationships, but it also means the company competes against much larger, well‑resourced rivals and is more exposed to swings in orders from a relatively small customer base. Agility and customization are clear assets; limited size and brand reach are the main competitive constraints.

Innovation and R&D

Innovation and R&D Innovation is the clear centerpiece of the story. The company has focused heavily on silicon carbide crystal growth and related technologies, with proprietary control software, a new temperature‑control approach, and a growing set of patents around reactors and high‑throughput CVD systems. Vertical integration in gas and chemical delivery, an in‑house applications lab, and specialized product lines for SiC, nanomaterials, and battery materials all point to a strong engineering culture. Future upside hinges on successful adoption of newer platforms like the larger‑wafer SiC systems, potential entry into SiC epitaxy, and traction in EV battery and aerospace applications—areas that are promising but still execution‑dependent.

Summary

Overall, CVD Equipment looks like an engineering‑driven niche manufacturer with a conservative balance sheet, uneven profitability, and a strategy tightly aligned with fast‑growing areas such as silicon carbide power electronics and advanced battery materials. The company’s key strengths are its technical depth, customization capabilities, and vertically integrated setup; its main challenges are small scale, earnings volatility, and competition from much larger equipment makers. If management can translate its innovation pipeline and customer collaborations into steadier orders and more consistent cash generation, the financial profile could gradually strengthen, but outcomes remain closely tied to execution and the adoption pace of its specialized technologies.

NEWS

November 25, 2025 · 7:30 AM UTC

CanAlaska Announces Results from Geophysical Program on West McArthur Project

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November 10, 2025 · 4:05 PM UTC

CVD Equipment Corporation Reports Third Quarter 2025 Financial Results

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October 30, 2025 · 9:10 AM UTC

CanAlaska Closes $15 Million Brokered Private Placement

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October 14, 2025 · 4:00 PM UTC

CVD Equipment Corporation Receives Order for Two PVT150™ Physical Vapor Transport Systems from Stony Brook University

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