Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $21.0M | $41.1M | $24.3M | $19.6M | $16.9M | $16.4M | $25.8M | $24.1M | $26.9M | $25.8M |
| Revenue growth | — | 96.3% | -40.8% | -19.3% | -13.9% | -2.8% | 56.9% | -6.6% | 11.5% | -4.1% |
| Gross profit | $7.10M | $17.6M | $5.18M | $2.80M | $2.88M | $3.08M | $6.63M | $5.07M | $6.05M | $7.29M |
| Gross margin | 33.9% | 42.8% | 21.3% | 14.2% | 17.0% | 18.7% | 25.7% | 21.0% | 22.5% | 28.3% |
| Operating income | -$725K | $7.22M | -$5.25M | -$4.98M | -$7.82M | -$4.66M | -$1.82M | -$4.88M | -$2.42M | -$1.91M |
| Operating margin | -3.5% | 17.6% | -21.6% | -25.4% | -46.2% | -28.4% | -7.1% | -20.2% | -9.0% | -7.4% |
| Net income | -$149K | $5.26M | -$5.20M | -$6.33M | -$6.07M | $4.75M | -$224K | -$4.18M | -$1.90M | -$1.58M |
| Net margin | -0.7% | 12.8% | -21.4% | -32.2% | -35.9% | 28.9% | -0.9% | -17.3% | -7.1% | -6.1% |
| EPS (diluted) | -$0.02 | $0.82 | -$0.80 | -$0.96 | -$0.91 | $0.71 | -$0.03 | -$0.62 | -$0.28 | -$0.23 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $8.85M | -$2.38M | $510K | $571K | -$1.13M | -$4.27M | $194K | -$206K | -$1.49M | -$3.68M |
| Capital expenditures | $112K | $889K | $2.54M | $2.69M | $1.58M | $236K | $665K | $418K | $106K | $48.0K |
| Free cash flow | $8.74M | -$3.27M | -$2.03M | -$2.12M | -$2.71M | -$4.51M | -$471K | -$624K | -$1.59M | -$3.73M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $21.7M | $14.2M | $11.4M | $8.66M | $7.70M | $16.7M | $14.4M | $14.0M | $12.6M | $8.73M |
| Total assets | $45.6M | $59.0M | $51.8M | $46.7M | $40.9M | $35.5M | $37.9M | $35.0M | $31.7M | $27.5M |
| Total liabilities | $11.3M | $18.3M | $16.1M | $16.8M | $16.8M | $6.34M | $8.51M | $8.82M | $6.32M | $2.78M |
| Long-term debt | $2.97M | $12.7M | $12.1M | $11.4M | $13.1M | $0.00 | $349K | $268K | $181K | — |
| Shareholders' equity | $34.3M | $40.0M | $35.7M | $30.0M | $24.1M | $29.2M | $29.4M | $26.2M | $25.4M | $24.7M |
| Retained earnings | $10.1M | $15.4M | $9.50M | $3.17M | -$2.90M | $1.84M | $1.62M | -$2.56M | -$4.46M | -$6.04M |
| Shares (wtd avg diluted) | 6.29M | 6.39M | 6.50M | 6.56M | 6.64M | 6.70M | 6.73B | 6.79M | 6.82M | 6.88M |
Every figure is extracted from CVD EQUIPMENT CORP’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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