$CVV
CVD EQUIPMENT CORP

2021 Q1 Form 10-Q Financial Statement

#000143774921012044 Filed on May 13, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $3.366M $6.036M
YoY Change -44.24% 74.02%
Cost Of Revenue $2.922M $4.101M
YoY Change -28.76% 6.34%
Gross Profit $444.3K $1.936M
YoY Change -77.04% -599.18%
Gross Profit Margin 13.2% 32.06%
Selling, General & Admin $1.752M $1.714M
YoY Change 2.25% -14.89%
% of Gross Profit 394.35% 88.53%
Research & Development $311.0K $113.8K
YoY Change 173.18% -30.63%
% of Gross Profit 69.99% 5.88%
Depreciation & Amortization $260.0K $330.0K
YoY Change -21.21% 17.86%
% of Gross Profit 58.52% 17.05%
Operating Expenses $2.063M $1.827M
YoY Change 12.9% -16.07%
Operating Profit -$1.619M $108.2K
YoY Change -1596.84% -104.22%
Interest Expense $107.2K $116.0K
YoY Change -7.6% 1.21%
% of Operating Profit 107.28%
Other Income/Expense, Net $219.2K $110.8K
YoY Change 97.85%
Pretax Income -$1.506M $127.8K
YoY Change -1278.09% -104.86%
Income Tax $0.00 -$1.531M
% Of Pretax Income -1197.37%
Net Earnings -$1.506M $1.658M
YoY Change -190.78% -176.18%
Net Earnings / Revenue -44.73% 27.47%
Basic Earnings Per Share -$0.23 $0.25
Diluted Earnings Per Share -$0.23 $0.25
COMMON SHARES
Basic Shares Outstanding 6.680M 6.626M
Diluted Shares Outstanding 6.680M 6.626M

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.930M $7.400M
YoY Change -19.86% -34.22%
Cash & Equivalents $5.929M $7.400M
Short-Term Investments
Other Short-Term Assets $447.6K $532.4K
YoY Change -15.92% -30.92%
Inventory $1.340M $1.691M
Prepaid Expenses
Receivables $819.0K $3.238M
Other Receivables $710.0K $1.530M
Total Short-Term Assets $26.46M $16.14M
YoY Change 63.92% -4.83%
LONG-TERM ASSETS
Property, Plant & Equipment $12.46M $32.23M
YoY Change -61.34% 5.33%
Goodwill
YoY Change
Intangibles $261.6K $413.0K
YoY Change -36.65% -11.35%
Long-Term Investments
YoY Change
Other Assets $23.32K $13.75K
YoY Change 69.61% -67.07%
Total Long-Term Assets $12.75M $32.65M
YoY Change -60.96% -3.01%
TOTAL ASSETS
Total Short-Term Assets $26.46M $16.14M
Total Long-Term Assets $12.75M $32.65M
Total Assets $39.21M $48.79M
YoY Change -19.65% -3.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $503.3K $737.0K
YoY Change -31.71% -5.5%
Accrued Expenses $1.673M $1.481M
YoY Change 13.01% -3.9%
Deferred Revenue $733.5K $174.5K
YoY Change 320.38% -74.83%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.990M $680.0K
YoY Change 192.65% -21.02%
Total Short-Term Liabilities $14.12M $5.897M
YoY Change 139.42% 36.19%
LONG-TERM LIABILITIES
Long-Term Debt $2.416M $11.21M
YoY Change -78.44% -5.69%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $2.416M $11.21M
YoY Change -78.44% -5.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.12M $5.897M
Total Long-Term Liabilities $2.416M $11.21M
Total Liabilities $16.54M $17.11M
YoY Change -3.33% 5.5%
SHAREHOLDERS EQUITY
Retained Earnings -$4.408M $4.831M
YoY Change -191.26% -39.63%
Common Stock $27.08M $26.86M
YoY Change 0.82% 1.69%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $22.67M $31.69M
YoY Change
Total Liabilities & Shareholders Equity $39.21M $48.79M
YoY Change -19.65% -3.62%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income -$1.506M $1.658M
YoY Change -190.78% -176.18%
Depreciation, Depletion And Amortization $260.0K $330.0K
YoY Change -21.21% 17.86%
Cash From Operating Activities -$1.572M -$675.2K
YoY Change 132.76% -261.97%
INVESTING ACTIVITIES
Capital Expenditures $26.74K $422.4K
YoY Change -93.67% -3.74%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$26.74K -$422.4K
YoY Change -93.67% -3.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $171.6K $166.9K
YoY Change 2.81% 1.5%
Cash From Financing Activities -$171.6K -166.9K
YoY Change 2.81% 1.5%
NET CHANGE
Cash From Operating Activities -$1.572M -675.2K
Cash From Investing Activities -$26.74K -422.4K
Cash From Financing Activities -$171.6K -166.9K
Net Change In Cash -$1.770M -1.265M
YoY Change 39.97% 578.5%
FREE CASH FLOW
Cash From Operating Activities -$1.572M -$675.2K
Capital Expenditures $26.74K $422.4K
Free Cash Flow -$1.598M -$1.098M
YoY Change 45.62% 4898.74%

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CY2020Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
72648
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
22670395
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
24125572
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
29957845
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
31688971
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6680130
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6626036
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6680130
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6626036

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