Cvd Equipment Corp. (CVV)
NASDAQ:CVV
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CVD Equipment
(NASDAQ:CVV)
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Rating:58Neutral
Price Target:
$7.00
▲(49.89% Upside)
Action:Reiterated
Date:05/15/26
Overall score reflects a strong balance sheet and improved liquidity from the SDC divestiture, plus supportive technical momentum. These are tempered by weak fundamentals—steep revenue decline, ongoing losses, and negative operating/free cash flow—along with limited valuation signals from the provided P/E and missing dividend yield.
Positive Factors
Balance sheet / Liquidity
The SDC divestiture produced roughly $14.8M net proceeds and left the company with about $23M pro‑forma cash and no long‑term debt. That materially strengthens liquidity and provides runway to execute restructuring, pursue strategic options, and withstand capital-equipment cycles without immediate external financing.
Negative Factors
Severe revenue decline
Revenue from continuing operations plunged ~70.9% YoY, reflecting a dramatic drop in system sales. Such a steep contraction undermines scale economics, pressures gross margins and operating leverage, and makes a return to sustainable profitability contingent on a significant and durable recovery in capital equipment demand.
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Positive Factors
Negative Factors
Balance sheet / Liquidity
The SDC divestiture produced roughly $14.8M net proceeds and left the company with about $23M pro‑forma cash and no long‑term debt. That materially strengthens liquidity and provides runway to execute restructuring, pursue strategic options, and withstand capital-equipment cycles without immediate external financing.
Read all positive factors
CVD Equipment (CVV) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$41.43M
Dividend YieldN/A
Average Volume (3M)37.15K
Price to Earnings (P/E)―
Beta (1Y)0.66
Revenue Growth-36.20%
EPS Growth-4349.51%
CountryUS
Employees118
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)-0.52
Shares Outstanding6,940,509
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 Cap0.82
Enterprise Value/Revenue1.76
Enterprise Value/Gross Profit7.19
Enterprise Value/Ebitda-10.75
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:May 14, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 17, 2026
Earnings Call Sentiment Negative
The call highlighted a meaningful strategic positive (the SDC divestiture) that materially strengthened liquidity (net proceeds $14.8M, pro forma cash ~$23M) and a clear cost-reduction plan (expected $1.8M annual savings). However, the continuing CVD Equipment business is experiencing severe near-term weakness: revenue plunged 70.9% YoY, gross margin compressed to 8%, operating losses widened, and order flow remains soft and influenced by external headwinds and customer concentration. While the balance sheet improvement provides runway to execute the transformation and evaluate strategic alternatives, the operational trends are substantially negative in the near term.Positive Updates
SDC Divestiture Strengthened Balance Sheet
Sold SDC to Atlas Copco for approximately $16.9M (subject to adjustments); net cash proceeds received in April 2026 were $14.8M (after transaction costs and employee-related liabilities). Immediately following the sale the company had approximately $23M in cash and no long-term debt. An additional $900k was placed in escrow and net proceeds have been invested in short-term treasury securities.
Negative Updates
Sharp Revenue Decline
Continuing CVD Equipment revenue for Q1 2026 was $1.8M, down 70.9% year-over-year from $6.3M and down 30.9% sequentially from $2.7M in Q4 2025, reflecting a material reduction in system sales.
Read all updates
Q1-2026 Updates
Positive
Negative
SDC Divestiture Strengthened Balance Sheet
Sold SDC to Atlas Copco for approximately $16.9M (subject to adjustments); net cash proceeds received in April 2026 were $14.8M (after transaction costs and employee-related liabilities). Immediately following the sale the company had approximately $23M in cash and no long-term debt. An additional $900k was placed in escrow and net proceeds have been invested in short-term treasury securities.
Read all positive updates
Company Guidance
Management framed guidance around their transformation and balance‑sheet actions: Q1 2026 continuing‑operations revenue was $1.8M (down 70.9% YoY from $6.3M and down 30.9% sequentially from $2.7M), orders were $1.8M, backlog $4.7M, gross profit $147k (8% margin; benefited ~$317k from a contract modification), operating loss $1.8M and net loss from continuing operations $1.7M ($0.25 per share) versus $229k ($0.03) a year earlier. They closed the SDC sale for ~ $16.9M (net cash proceeds $14.8M, $900k in escrow), had $8.2M cash at March 31 and roughly $23M immediately post‑close with no long‑term debt, invested proceeds in short‑term treasuries, reported Q1 net cash used in operations of $0.9M, working capital of $12.8M, $556k proceeds from equipment sales (paid off $181k equipment loan), and expect workforce reductions to cut ~ $1.8M of annual operating costs in 2026; a return to sustained profitability, they said, depends on improved equipment order flow, disciplined cost control, execution of the transformation plan and controlled capital expenditures.CVD Equipment Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
78
Positive
Cash Flow
35
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 19.31M | 25.79M | 26.88M | 24.11M | 25.81M | 16.45M |
| Gross Profit | 4.74M | 7.29M | 6.33M | 5.07M | 6.63M | 3.08M |
| EBITDA | -3.17M | -886.00K | -1.17M | -3.38M | 655.00K | 5.78M |
| Net Income | -3.61M | -1.58M | -1.90M | -4.18M | -224.00K | 4.75M |
Balance Sheet | ||||||
| Total Assets | 26.21M | 27.51M | 31.69M | 35.02M | 37.91M | 35.52M |
| Cash, Cash Equivalents and Short-Term Investments | 8.20M | 8.73M | 12.60M | 14.03M | 14.37M | 16.65M |
| Total Debt | 0.00 | 181.00K | 268.00K | 349.00K | 426.00K | 1.77M |
| Total Liabilities | 2.93M | 2.78M | 6.32M | 8.82M | 8.51M | 6.34M |
| Stockholders Equity | 23.28M | 24.73M | 25.37M | 26.20M | 29.40M | 29.19M |
Cash Flow | ||||||
| Free Cash Flow | -2.28M | -3.73M | -1.59M | -624.00K | -524.00K | -4.51M |
| Operating Cash Flow | -2.27M | -3.68M | -1.49M | -206.00K | 194.00K | -4.27M |
| Investing Cash Flow | 492.00K | -99.00K | 144.00K | -133.00K | -708.00K | 22.84M |
| Financing Cash Flow | -247.00K | -87.00K | -82.00K | -1.00K | -1.77M | -9.62M |
CVD Equipment Technical Analysis
Neutral
4.67
Price Trends
5.26
Positive
4.68
Positive
4.01
Positive
Market Momentum
0.30
Positive
49.56
Neutral
29.40
Neutral
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 below the 20-day moving average (MA) of 6.72, below the 50-day MA of 5.26, and above the 200-day MA of 4.01, indicating a neutral trend. The MACD of 0.30 indicates Positive momentum. The RSI at 49.56 is Neutral, neither overbought nor oversold. The STOCH value of 29.40 is Neutral, 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 32 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 |
|---|---|---|---|---|---|---|---|
64 Neutral | $105.79M | ― | 7.92% | ― | 9.07% | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | $14.86M | 0.76 | 21.29% | ― | 14.06% | -76.57% | |
58 Neutral | $41.43M | -4.28 | -14.58% | ― | -36.20% | -4349.51% | |
41 Neutral | $8.27M | -2.28 | -82.18% | ― | -57.40% | 52.85% | |
| ― | $32.10M | -0.32 | 209.77% | ― | -100.00% | 86.00% | |
42 Neutral | $33.41M | -2.42 | -681.39% | ― | 144.26% | -108.38% |
* 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.