CVD Equipment Corporation , a leading provider of chemical vapor deposition systems, announced its financial results for the first quarter of the fiscal year 2024. The company reported a significant decrease in revenue compared to the same period last year, with first-quarter revenue coming in at $4.9 million, down 43% from $8.7 million in the first quarter of 2023.
InvestingPro Data shows a market capitalization of $30.03 million, reflecting the company's valuation in the market. Despite securing key orders, the company's stock has experienced a significant downturn, with a 1-week price total return of -8.9%. This could be indicative of investor sentiment following the reported decline in revenue and profitability metrics.
However, challenges are evident as the company is not profitable over the last twelve months, with a negative P/E ratio of -5.92 and an adjusted P/E ratio for the last twelve months as of Q1 2024 at -5.58. The gross profit margin stands at 17.19%, reinforcing the figures reported in the article and highlighting the company's struggle with profitability.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: DailyFX - 🏆 305. / 63 Read more »
Source: StyleCaster - 🏆 104. / 63 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »