Cvd Equipment Corp. (CVV)
NASDAQ:CVV
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CVD Equipment
(NASDAQ:CVV)
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Rating:48Neutral
Price Target:
$4.00
▼(-14.35% Downside)
Action:ReiteratedDate:04/08/26
The score is held back primarily by continued losses, volatile revenue, and ongoing negative operating/free cash flow. Offsetting factors include a strong low-debt balance sheet and a more constructive forward setup from management’s cost-reduction plan and expected liquidity boost from the SDC divestiture, while technicals and valuation provide only limited support.
Positive Factors
Liquidity boost from SDC divestiture
The completed SDC asset sale provides roughly $15M net proceeds that materially strengthen near-term liquidity. Investing proceeds in U.S. Treasuries and using cash to fund working capital reduces immediate funding risk, giving management time to execute restructuring and stabilize operations.
Negative Factors
Weak cash generation
Persistent negative OCF and FCF indicate the core business is not yet converting earnings into cash, creating reliance on one‑time proceeds and cost actions. Continued cash burn would force deeper cuts, asset sales, or external financing if equipment orders don't recover, limiting strategic optionality.
Read all positive and negative factors
Positive Factors
Negative Factors
Liquidity boost from SDC divestiture
The completed SDC asset sale provides roughly $15M net proceeds that materially strengthen near-term liquidity. Investing proceeds in U.S. Treasuries and using cash to fund working capital reduces immediate funding risk, giving management time to execute restructuring and stabilize operations.
Read all positive factors
CVD Equipment (CVV) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$27.06M
Dividend YieldN/A
Average Volume (3M)37.15K
Price to Earnings (P/E)―
Beta (1Y)0.82
Revenue Growth19.84%
EPS Growth95.71%
CountryUS
Employees118
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)-0.18
Shares Outstanding6,937,338
10 Day Avg. Volume21,589
30 Day Avg. Volume37,145
Financial Highlights & Ratios
PEG Ratio0.75
Price to Book (P/B)0.86
Price to Sales (P/S)0.82
P/FCF Ratio-5.70
Enterprise Value/Market Cap0.70
Enterprise Value/Revenue0.74
Enterprise Value/Gross Profit2.61
Enterprise Value/Ebitda-23.97
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
CVD Equipment Business Overview & Revenue Model
Company Description
CVD Equipment Corporation, together with its subsidiaries, designs, develops, manufactures, and sells process equipment and solutions that are used to develop and manufacture materials and coatings for research and industrial applications in the U...
How the Company Makes Money
CVD Equipment makes money primarily by selling specialized equipment systems and associated components/services used for advanced materials processing. Key revenue streams include: (1) Capital equipment and system sales: Revenue from the design, b...
CVD Equipment Earnings Call Summary
Earnings Call Date:Mar 30, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 18, 2026
Earnings Call Sentiment Neutral
The call balanced significant operational and near-term top-line challenges—notably a sharp Q4 revenue decline, materially lower annual orders and a much-reduced backlog—with clear, concrete remediation steps and liquidity actions, including a planned sale of SDC expected to generate substantial cash (~$15 million), targeted cost reductions (≈$1.8M annually), and improved full-year gross margins and reduced operating/net losses. Management emphasized transformation actions to improve scalability and sustainability, but booking weakness, customer concentration and short-term cash decline represent meaningful risks.Positive Updates
Definitive agreement to sell SDC business
Entered into a definitive agreement to sell SDC to Atlas Copco Group for approximately $16.9 million in cash (subject to adjustments). Management expects net cash proceeds after transaction expenses and taxes to be approximately $15 million with $900,000 held in escrow; transaction expected to close in Q2 2026. Saugerties facility will be leased to Atlas Copco for an initial 2-year term.
Negative Updates
Sharp fourth-quarter revenue decline
Fourth quarter 2025 revenue was $5.0 million, down 33% year-over-year (from $7.4 million) and down 33% sequentially from Q3 2025, reflecting significant near-term weakness in the core equipment business.
Read all updates
Q4-2025 Updates
Positive
Negative
Definitive agreement to sell SDC business
Entered into a definitive agreement to sell SDC to Atlas Copco Group for approximately $16.9 million in cash (subject to adjustments). Management expects net cash proceeds after transaction expenses and taxes to be approximately $15 million with $900,000 held in escrow; transaction expected to close in Q2 2026. Saugerties facility will be leased to Atlas Copco for an initial 2-year term.
Read all positive updates
Company Guidance
Management's guidance centered on a transformation to reduce fixed operating costs (including transitioning to outsourced fabrication and a CVD workforce reduction expected to cut annual operating costs by ~$1.8M in 2026), and the March 23, 2026 definitive agreement to sell SDC to Atlas Copco for approximately $16.9M in cash (expected to close Q2 2026) with net cash proceeds of roughly $15M (about $900K held in escrow; CFO noted net proceeds excluding escrow ≈ $14M); the Saugerties facility will be leased to Atlas for an initial two‑year term and proceeds are planned to be invested initially in U.S. Treasuries, with management stating current cash plus projected cash flows should support working capital and capital expenditures for at least the next 12 months. They emphasized that a return to consistent profitability depends on improved equipment order flow, disciplined cost management, execution of the transformation plan and control of capital expenditures, and provided context with recent metrics: Q4 revenue $5.0M (down 33% YoY and sequentially), FY2025 revenue $25.8M (down 4.1% YoY), Q4 orders $3.5M and FY orders $13.0M (vs $28.0M in 2024), backlog $6.6M (vs $8.0M at 9/30/25 and $19.4M at 12/31/24), Q4 gross profit $1.1M (22.2% margin) and FY gross profit $7.3M (28.3%), Q4 operating loss $1.3M (including a $163K noncash impairment) and FY operating loss $1.9M, Q4 net loss $1.3M ($0.18/sh) and FY net loss $1.6M ($0.23/sh), cash $8.7M at 12/31/25 (vs $12.6M at 12/31/24), net cash used in operations $3.7M in FY2025, and year‑end working capital $14.1M (vs $13.8M).CVD Equipment Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
73
Positive
Cash Flow
35
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 25.79M | 26.88M | 24.11M | 25.81M | 16.45M |
| Gross Profit | 7.29M | 6.33M | 5.07M | 6.63M | 3.08M |
| EBITDA | -1.06M | -1.17M | -3.38M | 655.00K | 5.78M |
| Net Income | -1.58M | -1.90M | -4.18M | -224.00K | 4.75M |
Balance Sheet | |||||
| Total Assets | 27.51M | 31.69M | 35.02M | 37.91M | 35.52M |
| Cash, Cash Equivalents and Short-Term Investments | 8.23M | 12.60M | 14.03M | 14.37M | 16.65M |
| Total Debt | 181.00K | 268.00K | 349.00K | 426.00K | 1.77M |
| Total Liabilities | 3.14M | 6.32M | 8.82M | 8.51M | 6.34M |
| Stockholders Equity | 24.73M | 25.37M | 26.20M | 29.40M | 29.19M |
Cash Flow | |||||
| Free Cash Flow | -3.73M | -1.59M | -624.00K | -524.00K | -4.51M |
| Operating Cash Flow | -3.68M | -1.49M | -206.00K | 194.00K | -4.27M |
| Investing Cash Flow | -99.00K | 144.00K | -133.00K | -708.00K | 22.84M |
| Financing Cash Flow | -87.00K | -82.00K | -1.00K | -1.77M | -9.62M |
CVD Equipment Technical Analysis
Neutral
4.67
Price Trends
4.16
Negative
3.89
Positive
3.64
Positive
Market Momentum
-0.01
Positive
46.12
Neutral
6.37
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CVV, the sentiment is Neutral. The current price of 4.67 is above the 20-day moving average (MA) of 4.21, above the 50-day MA of 4.16, and above the 200-day MA of 3.64, indicating a neutral trend. The MACD of -0.01 indicates Positive momentum. The RSI at 46.12 is Neutral, neither overbought nor oversold. The STOCH value of 6.37 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CVV.
CVD Equipment Risk Analysis
CVD Equipment disclosed 31 risk factors in its most recent earnings report. CVD Equipment reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
CVD Equipment Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
54 Neutral | $49.19M | 12.35 | 8.34% | ― | -1.47% | 52.65% | |
50 Neutral | $13.24M | 2.01 | 21.29% | ― | -1.36% | ― | |
48 Neutral | $27.06M | -13.40 | -6.24% | ― | 19.84% | 95.71% | |
41 Neutral | $4.40M | -2.28 | -82.18% | ― | -57.40% | 52.85% | |
| ― | $32.49M | -0.32 | 168.54% | ― | -98.20% | 93.77% | |
43 Neutral | $28.29M | -3.96 | -118.04% | ― | 176.99% | -30.97% |
* Industrials Sector Average
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CVD Equipment Corporate Events
Business Operations and StrategyM&A Transactions
CVD Equipment Divests Stainless Design Concepts Division Assets
Positive
Apr 7, 2026
On April 1, 2026, CVD Equipment Corporation completed the sale of all or substantially all assets of its Stainless Design Concepts division to a subsidiary of Atlas Copco Group for approximately $16.9 million in cash, subject to customary adjustme...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.