Filing Flows › CVD Equipment (CVV) › Q1 2025
CVD Equipment (CVV) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 13, 2025
CVD Equipment (CVV) reported revenue of $8.3M for the first quarter 2025 (Q1 2025), +69% from a year earlier and +12% from the quarter before. Operating margin was 3.2%, net earnings $360K (4.3% of revenue).
CVD Equipment, Q1 2025: revenue $8.3M (+69% year over year), operating margin 3.2%, net earnings $360K, operating cash flow −$2.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.3M | +12% | +69% |
| Gross profit | $2.7M | +38% | +238% |
| Operating profit | $269K | +669% | — |
| Net earnings | $360K | +173% | — |
| Operating cash flow | −$2.3M | — | — |
What changed
Revenue was $8.3M in Q1 2025, up 69% year over year and up 12% from the previous quarter.
Gross margin was 32.4%, up 16.2 points from a year earlier. Operating profit was $269K, a 3.2% margin (up 36.2 points year over year). Operating expenses grew 0% against revenue growth of 69%. Net earnings were $360K. The effective tax rate was 4.3%. Non-operating items added $107K, 28% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$2.3M. Non-cash charges added back $185K of depreciation and amortization and $264K of share-based compensation. Working capital and other items used $3.1M. Capital expenditures of $45K exceeded it, leaving free cash flow of −$2.3M.
Questions
What was CVD Equipment's revenue in the first quarter 2025?
CVD Equipment (CVV) reported revenue of $8.3M for the first quarter 2025 (Q1 2025), +69% from a year earlier and +12% from the quarter before.
Was CVD Equipment profitable in the first quarter 2025?
Operating profit was $269K (3.2% of revenue) and net earnings $360K.
Source: CVD Equipment 10-Q on SEC EDGAR.