CVD EQUIPMENT CORPORATION
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $24.3M | $41.1M | $21.0M | $39.0M | $28.0M | $17.9M | $22.2M | $31.0M |
| Cost of Revenue | $19.2M | $23.5M | $13.9M | $23.8M | $16.5M | $11.2M | $14.2M | $19.5M |
| Gross Profit | $5.2M | $17.6M | $7.1M | $15.1M | $11.5M | $6.7M | $8.0M | $11.4M |
| Gross Margin | 21.3% | 42.8% | 33.9% | 38.9% | 41.2% | 37.5% | 36.1% | 36.9% |
| Operating Expenses | ||||||||
| Research & Development | $606.6K | $437.2K | $433.8K | $605.3K | $877.8K | $1.0M | $389.4K | $955.0K |
| SG&A Expense | $8.2M | $8.5M | $6.9M | $7.7M | $8.2M | $6.1M | $5.1M | $5.4M |
| Operating Income | $-5.3M | $7.2M | $-724.6K | $4.6M | $-3.8M | $-1.8M | $545.2K | $4.8M |
| Operating Margin | -21.6% | 17.6% | -3.5% | 11.8% | -13.4% | -10.1% | 2.5% | 15.3% |
| Interest Expense | $463.0K | $106.3K | $79.9K | $92.1K | $109.4K | $163.7K | $204.9K | $183.0K |
| Pretax Income | $-5.6M | $7.2M | $-653.2K | $4.7M | $-3.7M | $-2.0M | $400.1K | $4.8M |
| Income Tax Expense | $-356.6K | $1.9M | $-504.1K | $1.3M | $-1.2M | $-1.4M | $-35.5K | $1.0M |
| Net Income | $-5.2M | $5.3M | $-149.1K | $3.2M | $-2.5M | $-560.3K | $435.6K | $3.8M |
| Net Margin | -21.4% | 12.8% | -0.7% | 8.2% | -8.8% | -3.1% | 2.0% | 12.2% |
| EPS (Basic) | $-0.80 | $0.83 | $-0.02 | $0.52 | $-0.40 | $-0.09 | $0.07 | $0.69 |
| EPS (Diluted) | $-0.80 | $0.82 | $-0.02 | $0.51 | $-0.40 | $-0.09 | $0.07 | $0.67 |
| Shares Outstanding (Basic) | 6.5M | 6.4M | 6.3M | 6.2M | 6.1M | 6.1M | 6.0M | 5.5M |
| Shares Outstanding (Diluted) | 6.5M | 6.4M | 6.3M | 6.3M | 6.1M | 6.1M | 6.1M | 5.6M |
| Dividends Per Share | — | — | — | — | — | — | — | — |