CVV Earnings Prediction
The chart below shows how CVV performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CVV sees a -2.31% change in stock price 10 days leading up to the earnings, and a -0.33% change 10 days following the report. On the earnings day itself, the stock moves by +5.26%. This data can give you a slight idea of what to expect for the next quarter's release.
CVV Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
8.19M
31.44%
29.14%
Gross Margin
22.39%
-12.64%
-11.71%
Operating Margin
-6.69%
-57.87%
-52.72%
Net Margin
2.48%
120.53%
-120.68%
EPS
0.03
127.27%
-127.27%
No Data Available
CVV Earnings Analysis
CVD Equipment Corp. Corporation (CVV.O) Earnings Conference Call
Positive
Q3 Revenue Increase: Our third quarter 2024 revenue was $8.2 million, representing a 31.4% increase from prior year-period and was up 29.1%, as compared to our second quarter of 2024.
New Account Shipment: We are pleased to have shipped a PVT200 system, to a new account for our PVT product line during the third quarter.
Third Quarter Orders: Our orders for the third quarter were $4.1 million, primarily driven by demand in our CVD segment.
Order Growth Comparison: Orders for the first nine months of 2024 were $21 million, as compared to $19.9 million for the first nine months of 2023.
Aerospace and Defense Recovery: We continue to see an ongoing recovery of our aerospace and defense market segment.
Negative
Year-to-Date Revenue Decline: Our year-to-date revenue of $19.5 million was 2.8% lower than the prior year period.
Operating Income Recovery: Operating income for the third quarter was $77,000, compared to an operating loss of $1 million in the third quarter of 2023.
Inventory Charge Impact: This was unfortunately partially offset by a non-cash charge for PVT150 inventory, as the 150-millimeter silicon carbide market continues to show overcapacity and declining wafer price.
Silicon Carbide Market Assessment: This was based on our assessment of the current market for silicon carbide equipment for 150-millimeter systems.
Working Capital Comparison: Our working capital at September 30, 2024, was $13.3 million, as compared to $14.3 million at the end of December 2023.
CVV FAQs
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CVV Earning Call Sentiment
CVD Equipment Corporation (CVV) Q3 2024 Earnings Call Transcript
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CVV.O
-1.31%Positive
The earnings call highlights positive revenue growth and a return to operating income, but is offset by concerns over inventory charges and market demand fluctuations. The inability to disclose client details may raise transparency issues. No shareholder return plans were announced, which is neutral. Overall, the mixed signals from financial performance and strategic initiatives suggest a neutral sentiment, predicting a stock price movement between -2% and 2% over the next two weeks.
