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CVD EQUIPMENT CORP (CVV)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    CVD  16.78.610.414.117.935.018.635.5
    SDC  6.54.84.44.55.57.42.95.7
    Materials  3.23.42.61.82.00.7  
Total revenues  25.816.416.919.624.341.121.039.0
            Revenue growth   [+]56.9%-2.8%-13.9%-19.3%-40.8%96.3%-46.2%39.2%
Cost of goods sold  19.213.414.016.919.223.513.923.8
Gross profit  6.63.12.92.85.217.67.115.1
            Gross margin  25.7%18.7%17.0%14.2%21.3%42.8%33.9%38.9%
Selling, general and administrative   [+]6.56.06.77.29.89.98.09.0
Research and development  1.91.80.40.60.60.40.40.6
EBITDA   [+]-1.0-3.9-2.8-3.9-4.18.1-0.56.4
            EBITDA margin  -3.7%-23.8%-16.8%-20.1%-16.9%19.7%-2.6%16.5%
Depreciation  0.80.61.30.91.00.80.80.8
EBITA  -1.7-4.6-4.1-4.9-5.17.3-1.35.6
            EBITA margin  -6.7%-27.7%-24.2%-24.8%-21.1%17.7%-6.3%14.4%
Amortization of intangibles  0.10.10.10.10.10.00.00.0
EBIT   [+]-1.8-4.7-4.2-5.0-5.37.2-1.45.6
            EBIT margin  -7.1%-28.4%-25.0%-25.4%-21.6%17.6%-6.5%14.3%
Non-recurring items   [+]  3.6   -0.61.0
Interest expense, net   [+]-0.20.30.40.30.30.00.10.1
Other income (expense), net   [+]1.49.70.60.4 0.00.10.1
Pre-tax income  -0.24.8-7.6-4.9-5.67.2-0.74.7
Income taxes  0.00.0-1.51.4-0.41.9-0.51.3
            Tax rate   0.6%20.1% 6.4%26.9%77.2%28.3%
Net income  -0.24.7-6.1-6.3-5.25.3-0.13.2
            Net margin  -0.9%28.9%-35.9%-32.2%-21.4%12.8%-0.7%8.2%
   
Basic EPS   [+]($0.03)$0.71($0.91)($0.96)($0.80)$0.83($0.02)$0.52
Diluted EPS   [+]($0.03)$0.71($0.91)($0.96)($0.80)$0.82($0.02)$0.51
   
Shares outstanding (basic)   [+]6.76.76.66.66.56.46.36.2
Shares outstanding (diluted)   [+]6.76.76.66.66.56.46.36.3
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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