$CVR
CHICAGO RIVET & MACHINE CO

2023 Q4 Form 10-Q Financial Statement

#000119312523272400 Filed on November 07, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $6.781M $7.946M
YoY Change -1.11% -7.26%
Cost Of Revenue $7.570M $7.905M
YoY Change 1.42% 6.14%
Gross Profit -$789.2K $41.15K
YoY Change 29.98% -96.33%
Gross Profit Margin -11.64% 0.52%
Selling, General & Admin $1.347M $1.273M
YoY Change 13.93% 1.82%
% of Gross Profit 3093.76%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $354.7K $308.3K
YoY Change 10.92% -3.44%
% of Gross Profit 749.2%
Operating Expenses $1.347M $1.273M
YoY Change 13.93% -136.5%
Operating Profit -$2.137M -$1.232M
YoY Change 19.38% -126.74%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $25.20K $16.98K
YoY Change -55.07% 29.19%
Pretax Income -$2.111M -$1.215M
YoY Change 21.79% -126.29%
Income Tax -$568.4K -$251.0K
% Of Pretax Income
Net Earnings -$1.543M -$964.0K
YoY Change 17.54% -126.94%
Net Earnings / Revenue -22.75% -12.13%
Basic Earnings Per Share
Diluted Earnings Per Share -$1.60 -$1.00
COMMON SHARES
Basic Shares Outstanding 966.1K shares 966.1K shares
Diluted Shares Outstanding 966.1K shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.158M $2.563M
YoY Change -53.12% -68.24%
Cash & Equivalents $1.387M $2.363M
Short-Term Investments $1.771M $200.0K
Other Short-Term Assets $960.9K $412.9K
YoY Change 127.29% -2.16%
Inventory $7.328M $8.795M
Prepaid Expenses
Receivables $4.394M $5.806M
Other Receivables $0.00 $0.00
Total Short-Term Assets $15.84M $18.19M
YoY Change -27.22% -27.2%
LONG-TERM ASSETS
Property, Plant & Equipment $11.67M $11.89M
YoY Change -1.66% -0.14%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $324.9K
YoY Change
Total Long-Term Assets $11.99M $11.89M
YoY Change 1.08% -0.14%
TOTAL ASSETS
Total Short-Term Assets $15.84M $18.19M
Total Long-Term Assets $11.99M $11.89M
Total Assets $27.83M $30.09M
YoY Change -17.23% -18.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $789.0K $1.008M
YoY Change 13.16% 12.3%
Accrued Expenses $644.9K $147.5K
YoY Change 96.63% -64.16%
Deferred Revenue $430.2K
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.864M $2.234M
YoY Change 10.22% -35.92%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.864M $2.234M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $1.864M $2.479M
YoY Change -29.38% -43.5%
SHAREHOLDERS EQUITY
Retained Earnings $28.30M $29.94M
YoY Change -15.06% -14.08%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.922M $3.922M
YoY Change 0.0% 0.0%
Treasury Stock Shares
Shareholders Equity $25.97M $27.61M
YoY Change
Total Liabilities & Shareholders Equity $27.83M $30.09M
YoY Change -17.23% -18.47%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$1.543M -$964.0K
YoY Change 17.54% -126.94%
Depreciation, Depletion And Amortization $354.7K $308.3K
YoY Change 10.92% -3.44%
Cash From Operating Activities $801.4K -$369.0K
YoY Change -194.04% -395.93%
INVESTING ACTIVITIES
Capital Expenditures $128.5K $189.6K
YoY Change -53.08% -139.15%
Acquisitions
YoY Change
Other Investing Activities -$1.552M $1.494M
YoY Change -2922.18% -70.35%
Cash From Investing Activities -$1.681M $1.304M
YoY Change 667.9% -71.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -96.62K -96.61K
YoY Change -54.54% -54.55%
NET CHANGE
Cash From Operating Activities 801.4K -369.0K
Cash From Investing Activities -1.681M 1.304M
Cash From Financing Activities -96.62K -96.61K
Net Change In Cash -975.9K 838.8K
YoY Change -23.97% -81.22%
FREE CASH FLOW
Cash From Operating Activities $801.4K -$369.0K
Capital Expenditures $128.5K $189.6K
Free Cash Flow $672.9K -$558.6K
YoY Change -159.76% -191.71%

Facts In Submission

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us-gaap Increase Decrease In Customer Advances And Deposits
IncreaseDecreaseInCustomerAdvancesAndDeposits
-127094 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2733046 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-412742 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
949862 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
696073 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
31500 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
5038240 usd
us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
2591000 usd
us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
1245000 usd
us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
100000 usd
us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
1245000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
1572638 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
4342167 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
521711 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
637647 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-521711 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-637647 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-1682119 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
3291778 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4045101 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2036954 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2362982 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5328732 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7946172 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8567785 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
24726828 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
26788879 usd
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font:10pt Arial;margin:0">2.  The Company extends credit on the basis of terms that are customary within our markets to various companies doing business primarily in the automotive industry.  The Company has a concentration of credit risk primarily within the automotive industry and in the Midwestern United States.  The Company has established an allowance for accounts that may become uncollectible in the future.  This estimated allowance is based in part on management's evaluation of the financial condition of the customer and historical experience.  The Company monitors its accounts receivable and charges to expense an amount equal to its estimate of potential credit losses.  The Company considers a number of factors in determining its estimates, including the length of time its trade accounts receivable are past due, the Company's previous loss history and the customer's current ability to pay its obligation.  The Company also considers current economic conditions, the economic outlook and industry-specific factors in its evaluation.  Accounts receivable balances are charged off against the allowance when it is determined that the receivable will not be recovered.</p>
CY2023Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
161594 usd
CY2023Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
303906 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7946172 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8567785 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
24726828 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
26788879 usd
CY2023Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
3460660 usd
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
4460071 usd
CY2023Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
3073621 usd
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
2747427 usd
CY2023Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
2801915 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
2534732 usd
CY2023Q3 us-gaap Inventory Gross
InventoryGross
9336196 usd
CY2022Q4 us-gaap Inventory Gross
InventoryGross
9742230 usd
CY2023Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
541000 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
621000 usd
CY2023Q3 us-gaap Inventory Net
InventoryNet
8795196 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
9121230 usd

Files In Submission

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cvr-20230930_cal.xml Edgar Link unprocessable
0001193125-23-272400-index-headers.html Edgar Link pending
0001193125-23-272400-index.html Edgar Link pending
0001193125-23-272400.txt Edgar Link pending
0001193125-23-272400-xbrl.zip Edgar Link pending
cvr-20230930.xsd Edgar Link pending
d866702d10q.htm Edgar Link pending
d866702dex311.htm Edgar Link pending
d866702dex312.htm Edgar Link pending
d866702dex321.htm Edgar Link pending
d866702dex322.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
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R8.htm Edgar Link pending
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report.css Edgar Link pending
Show.js Edgar Link pending
cvr-20230930_def.xml Edgar Link unprocessable
cvr-20230930_lab.xml Edgar Link unprocessable
cvr-20230930_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
d866702d10q_htm.xml Edgar Link completed