CVD Equipment Corporation

NasdaqCM:CVV Stock Report

Market Cap: US$56.4m

CVD Equipment Management

Management criteria checks 3/4

CVD Equipment's CEO is Manny Lakios, appointed in Jan 2021, has a tenure of 5.5 years. total yearly compensation is $436.66K, comprised of 95% salary and 5% bonuses, including company stock and options. directly owns 0.092% of the company’s shares, worth $51.63K. The average tenure of the management team and the board of directors is 5.3 years and 4 years respectively.

Key information

Manny Lakios

Chief executive officer

US$436.7k

Total compensation

CEO salary percentage95.04%
CEO tenure5.5yrs
CEO ownership0.09%
Management average tenure5.3yrs
Board average tenure4yrs

Recent management updates

Analysis Article • Aug 02

It's Probably Less Likely That CVD Equipment Corporation's (NASDAQ:CVV) CEO Will See A Huge Pay Rise This Year

Key Insights CVD Equipment to hold its Annual General Meeting on 9th of August CEO Manny Lakios' total compensation...

Recent updates

Analysis Article • May 16

Here's Why We're Not Too Worried About CVD Equipment's (NASDAQ:CVV) Cash Burn Situation

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
Analysis Article • Jan 10

CVD Equipment Corporation's (NASDAQ:CVV) Price Is Right But Growth Is Lacking After Shares Rocket 36%

CVD Equipment Corporation ( NASDAQ:CVV ) shareholders have had their patience rewarded with a 36% share price jump in...
Analysis Article • Oct 14

CVD Equipment Corporation (NASDAQ:CVV) Held Back By Insufficient Growth Even After Shares Climb 32%

The CVD Equipment Corporation ( NASDAQ:CVV ) share price has done very well over the last month, posting an excellent...
Analysis Article • Jul 24

CVD Equipment Corporation (NASDAQ:CVV) Held Back By Insufficient Growth Even After Shares Climb 31%

CVD Equipment Corporation ( NASDAQ:CVV ) shares have had a really impressive month, gaining 31% after a shaky period...
Analysis Article • Dec 13

CVD Equipment Corporation (NASDAQ:CVV) Shares Fly 28% But Investors Aren't Buying For Growth

CVD Equipment Corporation ( NASDAQ:CVV ) shareholders would be excited to see that the share price has had a great...
Analysis Article • Aug 02

It's Probably Less Likely That CVD Equipment Corporation's (NASDAQ:CVV) CEO Will See A Huge Pay Rise This Year

Key Insights CVD Equipment to hold its Annual General Meeting on 9th of August CEO Manny Lakios' total compensation...
Analysis Article • Apr 03

CVD Equipment Corporation's (NASDAQ:CVV) Shares Lagging The Industry But So Is The Business

With a price-to-sales (or "P/S") ratio of 1.7x CVD Equipment Corporation ( NASDAQ:CVV ) may be sending very bullish...
Analysis Article • Aug 20

Calculating The Intrinsic Value Of CVD Equipment Corporation (NASDAQ:CVV)

Key Insights CVD Equipment's estimated fair value is US$5.06 based on 2 Stage Free Cash Flow to Equity Current share...
Seeking Alpha • Sep 27

CVD Equipment to sell and lease back New York facility

Chemical vapor deposition systems and materials company CVD Equipment (NASDAQ:CVV) will sell and lease back its facility in Central Islip, New York. CVV has agreed to sell the premises consisting of land and building for $28.5M, subject to the completion of due diligence by the purchaser. Post the close of the sale, the company will enter into a lease agreement the purchaser. The lease will have an initial term of 10 years with two optional renewal terms of five years each. The annual fixed rent will be $1.5M for the first year of the initial ten-year term. The rent will increase by 3% every year thereafter. The net cash proceeds received is estimated to exceed $20M, subject to the finalization of the company's tax obligations associated with the sale. The proceeds will be used to strengthen balance sheet and fund growth opportunities. Source: Press Release
Seeking Alpha • Sep 02

CVD Equipment gets new CFO

CVD Equipment (NASDAQ:CVV) appointed Richard Catalano as CFO, effective August 30, 2022. Mr. Catalano served as the leader of KPMG LLP’s Metro New York Healthcare and Life Sciences Practice and then co-led KPMG’s Global Audit Methodology Group.  Mr. Catalano is a CPA licensed to practice in the State of New York
Analysis Article • Aug 23

CVD Equipment's (NASDAQ:CVV) Earnings Aren't As Good As They Appear

Despite posting strong earnings, CVD Equipment Corporation's ( NASDAQ:CVV ) stock didn't move much over the last week...
Seeking Alpha • Aug 15

CVD Equipment GAAP EPS of -$0.12, revenue of $5.8M

CVD Equipment press release (NASDAQ:CVV): Q2 GAAP EPS of -$0.12. Revenue of $5.8M (+45.0% Y/Y). Shares -13%.
Seeking Alpha • Aug 04

Buy CVD Equipment: A Little Semiconductor Play On Big EV Growth

CVD Equipment Corp. has been left for dead by investors, but orders are ramping dramatically in 2022 to meet EV charging-related demand, a new market for its equipment sales. A major turn in revenue and income generation could point to a wonderful buy opportunity for smart long-term investors. Trading close to liquid tangible book value, with zero debt and few liabilities, should help reduce the risk of investing in this microcap idea. A microcap semiconductor materials and related equipment maker, CVD Equipment (CVV) just reported a double in orders during Q2 2022 YoY, alongside a 73% jump in bookings for the first half. This stock has popped in and out of some of my favorite momentum formulas as a buy candidate this year. Now we have the major news announced in mid-July that demand for equipment related to electric vehicle ((EV)) charging stations is heating up. According to the press release: CVD's orders in the first half of 2022 were attributed to the strong demand for the PVT-150 system developed to support the manufacturing of Silicon Carbide wafers used in high power electronics for EV charging & power transmission. Also contributing to the order flow is the need for nanotechnology materials. CVD Equipment Website To highlight CVD's accelerating growth, total equipment systems ordered rose from 9 in 2020, to 23 in 2021, to 20 in the first 6 months of 2022. At a quote under $5 per share today and an equity market capitalization around $33 million, the stock trades not far from its liquid book value of $4.20 per ownership unit. Sales were $17 million on a trailing basis, with operating losses as the rearview mirror story. On the positive side of the investment equation, CVD Equipment sold a building in late 2021, and captured a large gain on the transaction, offsetting several years of business losses during the pandemic. Looking forward, the outlook for sales growth and hopefully operating profitability is improving rapidly. Balance Sheet Ready for Growth Despite weak sales and minor operating losses for years, a $2.4 million gain was recorded in early 2021 on its government PPP loan to deal with COVID-19-related shutdowns. In addition, a $6.9 million gain was recorded in the September 2021 quarter on the sale of a building. The net result is CVD's balance sheet is in terrific shape today, especially if sharply higher sales bring operating income later in 2022. At the end of March, the company held ZERO debt, with $13 million in cash and nearly $20 million in total current assets. Owning a similar building at depreciated cost to the one just sold for a large market-based gain, and with just $4 million in total liabilities, today's $28 million in tangible book value (mostly liquid) is very desirable in a recessionary macroeconomic environment. YCharts Overall, the financial setup provides a unique downside "margin of safety" for investors and can support immediate funding for growth. I rate the balance sheet as excellent for new investment, assuming management doesn't deviate from the simple operating plan of the last couple of years. Bullish Valuation Story With little in the way of operating cash flow and earnings in 2020-21, my valuation focus is on underlying book value in a going out of business situation, and sales now prepped to rise markedly from last year. The good news is price should be supported by both fundamental valuation concepts. Below is a 10-year graph of price to tangible book value and "trailing" annual sales. You can see CVD Equipment is trading well under long-term averages, with price just above its liquidation asset value. YCharts Even better news revolves around enterprise value calculations. After adjusting the stock price for its large net cash position, the 2022 EV valuation around trailing sales is ultra-cheap. It has not been this low in the last decade. So, if this ratio remains constant or rises back to normal levels between 1.5x and 2x, a double in sales should open the ability for share gains in the 50% to 100% area over the next 12-18 months. Of course, the final performance percentage will depend on what level of income can be achieved on growing, specialized semiconductor equipment sales. YCharts Building Chart Pattern What makes me particularly bullish on CVD is the December-January reversal in trading momentum. The stock has moved from an underperforming market posture to an outperforming one. The flip in many momentum trading indicators near the beginning of 2022 is drawn below. From the December price low, CVV's "outperformance" of the S&P 500 bear market has been around +30%. The Negative Volume Index was in steady and steep decline in late 2021 but morphed into a rising trend around February. A climbing NVI is much preferred, as it can signal a lack of overhead share supply and/or decent buying interest after high volume sell days. Lastly, On Balance Volume has been in strong advance mode since August, even with price stuck in a range. StockCharts.com, Daily Values over 12 Months, CVV Final Thoughts Is this the type of undiscovered growth name to put all your money into, bet the farm, so to speak? Heck NO! It deserves only a very minor fraction of your investment dollars, with its small size and still unknown income level on future revenues. However, CVD Equipment is the kind of vehicle that could deliver many multiples on your money over the next year or two, if sales double and triple AGAIN on top of an expected double in the coming quarters (when actual system builds are delivered). It is entirely possible an improved balance sheet, with sales and income approaching 2017 levels ($40 million in revenue and $5 million net profit) could be a reality in 2023. During 2017 its share quote high was $13 vs. the current sub-$5 number. So, projecting considerable upside in CVD Equipment is not a stretch historically.
Seeking Alpha • Jul 14

CVD Equipment reports spike in Q2 orders driven by PVT-150 systems' use in EVs

CVD Equipment (NASDAQ:CVV) reported Thursday more than 2-fold increase in second quarter's orders to $12.6M compared to $6M in Q2 2021. It brings the company's first half orders to $16.7M, up 73% Y/Y. "CVD’s orders in the first half of 2022 were attributed to the strong demand for the PVT-150 system developed to support the manufacturing of Silicon Carbide wafers used in high power electronics for EV charging & power transmission. Also contributing to the order flow is the need for nanotechnology materials," the company said. "In the first half of 2022, 20 combined CVD systems were ordered. The systems are planned to ship in the 2nd half of 2022 and into 2023." Stock is up 3.5%, Thursday.
Analysis Article • Mar 22

CVD Equipment (NASDAQ:CVV) Has Debt But No Earnings; Should You Worry?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Oct 21

Is CVD Equipment (NASDAQ:CVV) Using Debt Sensibly?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • Jun 07

Health Check: How Prudently Does CVD Equipment (NASDAQ:CVV) Use Debt?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Feb 22

Does CVD Equipment (NASDAQ:CVV) Have A Healthy Balance Sheet?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

CEO Compensation Analysis

How has Manny Lakios's remuneration changed compared to CVD Equipment's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

-US$3m

Dec 31 2025US$437kUS$415k

-US$2m

Sep 30 2025n/an/a

-US$774k

Jun 30 2025n/an/a

-US$955k

Mar 31 2025n/an/a

-US$655k

Dec 31 2024US$436kUS$415k

-US$2m

Sep 30 2024n/an/a

-US$4m

Jun 30 2024n/an/a

-US$5m

Mar 31 2024n/an/a

-US$6m

Dec 31 2023US$1mUS$389k

-US$4m

Sep 30 2023n/an/a

-US$357k

Jun 30 2023n/an/a

US$460k

Mar 31 2023n/an/a

US$733k

Dec 31 2022US$759kUS$317k

-US$224k

Sep 30 2022n/an/a

-US$3m

Jun 30 2022n/an/a

US$3m

Mar 31 2022n/an/a

US$5m

Dec 31 2021US$666kUS$294k

US$5m

Sep 30 2021n/an/a

US$631k

Jun 30 2021n/an/a

-US$7m

Mar 31 2021n/an/a

-US$9m

Dec 31 2020US$211kUS$183k

-US$6m

Compensation vs Market: Manny's total compensation ($USD436.66K) is below average for companies of similar size in the US market ($USD659.91K).

Compensation vs Earnings: Manny's compensation has increased whilst the company is unprofitable.

CEO

Manny Lakios (65 yo)

5.5yrs
Tenure
US$436,655
Compensation

Mr. Emmanuel N. Lakios, also known as Manny, serves as President and Chief Executive Officer at CVD Equipment Corporation since January 22, 2021 and has been its Director since July 15, 2021. Mr. Lakios se...

Leadership Team

NamePositionTenureCompensationOwnership
Emmanuel Lakios
President5.5yrsUS$436.66k0.092%
$ 51.6k
Richard Catalano
Executive VP3.9yrsUS$327.74k0%
$ 0
Maxim Shatalov
Vice President of Engineering & Technology8.3yrsno data0%
$ 0
Jeffrey Brogan
Vice President of Sales & Marketing5.3yrsUS$238.58k0.86%
$ 483.3k
Warren Cheesman
Vice President of Manufacturing Operations3.8yrsno data0%
$ 0
5.3yrs
Average Tenure
56yo
Average Age

Experienced Management: CVV's management team is seasoned and experienced (5.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Emmanuel Lakios
President5yrsUS$436.66k0.092%
$ 51.6k
Robert Brill
Independent Director5.3yrsUS$90.00k0.67%
$ 378.0k
Andrew Africk
Independent Director2.2yrsUS$80.00k18.98%
$ 10.7m
Lawrence Waldman
Independent Non-Executive Chairman9.8yrsUS$153.00k1.14%
$ 642.7k
Ashraf Lotfi
Independent Director2.9yrsUS$90.00k0.41%
$ 233.3k
Debra Wasser
Independent Director3yrsUS$80.00k0.41%
$ 229.2k
4.0yrs
Average Tenure
65yo
Average Age

Experienced Board: CVV's board of directors are considered experienced (4 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/10 22:04
End of Day Share Price 2026/07/10 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

CVD Equipment Corporation is covered by 3 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David WindleyJefferies LLC
Colin RuschNorthland Capital Markets
Colin RuschThinkEquity LLC