CVD Equipment Corp (STU:0V3)

Q4 2024 CVD Equipment Corp Earnings Call Transcript

Mar 19, 2025 / 09:00 PM GMT

Release Date Price: €2.9 (+4.32%)

Transcript 10-K8-K

Key Points

Positve

CVD Equipment Corp (CVV) reported a significant revenue increase of 80.3% in Q4 2024 compared to the same quarter in the previous year.
The company achieved a full-year revenue of $26.9 million in 2024, marking an 11.5% increase from 2023.
CVD Equipment Corp (CVV) received a substantial $10 million multi-system order in the industrial market for silicon carbide coating.
The backlog at the end of 2024 was $19.4 million, a 4.9% increase from the previous year, indicating strong future demand.
The company reported a positive net income for the second consecutive quarter, reflecting improved financial performance.

Negative

The silicon carbide market remains challenging due to global overcapacity and declining wafer prices, impacting potential orders.
CVD Equipment Corp (CVV) recorded a non-cash charge of $1.3 million in 2024 to reduce the net realizable value of PVT 150 inventory.
Operating income for Q4 2024 was only $35,000, indicating tight profit margins despite revenue growth.
The geopolitical environment and potential tariffs pose risks to the supply chain and could increase component costs.
The company's return to consistent profitability is contingent on new equipment orders and managing inflationary pressures.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CVV.OQ - CVD Equipment Corp
Q4 2024 CVD Equipment Corp Earnings Call
Mar 19, 2025 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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Greetings and thank you for standing by and welcome to CBDs Equipment Corporation's 4th quarter and fiscal year 2024 financial results call. As a reminder, this conference is being recorded. We will begin with some prepared remarks followed by a question and answer session presenting on this call today will be Emmanuel Lachios, President and CEO and member of the CBD board of directors, and Richard Catalano, executive Vice President and Chief Financial Officer. We have posted our earnings press release and call replay information to the investor relations section of our website at ww.cbdequipment.com. Before I begin, I would like to remind you that many of the comments made on today's call contain forward-looking statements, including those

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