Chicago Rivet & Machine Co. Announces Third Quarter Results of Operations
Chicago Rivet & Machine (NYSE American: CVR) reported its Q3 2024 financial results. Net sales decreased to $6.97 million from $7.95 million in Q3 2023. The company's loss before income taxes improved to $795,425 compared to a loss of $1.22 million in the same period last year. However, net loss widened to $1.45 million ($1.50 per share) from $964,042 ($1.00 per share) in Q3 2023. For the first nine months of 2024, net sales were $22.88 million, down from $24.73 million, while net loss improved to $2.00 million from $2.86 million year-over-year.
Chicago Rivet & Machine (NYSE American: CVR) ha riportato i risultati finanziari del terzo trimestre del 2024. Le vendite nette sono diminuite a $6.97 milioni rispetto a $7.95 milioni nel terzo trimestre del 2023. La perdita dell'azienda prima delle imposte sul reddito è migliorata a $795,425 rispetto a una perdita di $1.22 milioni nello stesso periodo dello scorso anno. Tuttavia, la perdita netta è aumentata a $1.45 milioni ($1.50 per azione) da $964,042 ($1.00 per azione) nel terzo trimestre del 2023. Nei primi nove mesi del 2024, le vendite nette sono state di $22.88 milioni, in calo rispetto a $24.73 milioni, mentre la perdita netta è migliorata a $2.00 milioni da $2.86 milioni anno su anno.
Chicago Rivet & Machine (NYSE American: CVR) informó sus resultados financieros del tercer trimestre de 2024. Las ventas netas disminuyeron a $6.97 millones de $7.95 millones en el tercer trimestre de 2023. La pérdida de la empresa antes de impuestos sobre la renta mejoró a $795,425 en comparación con una pérdida de $1.22 millones en el mismo período del año pasado. Sin embargo, la pérdida neta se amplió a $1.45 millones ($1.50 por acción) de $964,042 ($1.00 por acción) en el tercer trimestre de 2023. Durante los primeros nueve meses de 2024, las ventas netas fueron de $22.88 millones, una disminución de $24.73 millones, mientras que la pérdida neta mejoró a $2.00 millones de $2.86 millones interanualmente.
시카고 리벳 앤 머신(뉴욕증권거래소 아메리카: CVR)은 2024년 3분기 재무 결과를 발표했습니다. 순매출은 2023년 3분기 7.95백만 달러에서 6.97백만 달러로 감소했습니다. 회사의 세전 손실은 작년 같은 기간의 122만 달러 손실에 비해 795,425달러로 개선되었습니다. 그러나 순손실은 2023년 3분기의 964,042달러(주당 1.00달러)에서 145만 달러(주당 1.50달러)로 확대되었습니다. 2024년 첫 9개월 동안 순매출은 2,288만 달러로 2,473만 달러에서 감소했으며, 순손실은 전년 대비 286만 달러에서 200만 달러로 개선되었습니다.
Chicago Rivet & Machine (NYSE American: CVR) a publié ses résultats financiers pour le troisième trimestre de 2024. Les ventes nettes ont diminué à 6,97 millions de dollars contre 7,95 millions de dollars au troisième trimestre 2023. La perte de l'entreprise avant impôts a été améliorée à 795 425 dollars par rapport à une perte de 1,22 million de dollars au cours de la même période de l'année dernière. Cependant, la perte nette s'est creusée à 1,45 million de dollars (1,50 dollar par action) contre 964 042 dollars (1,00 dollar par action) au troisième trimestre 2023. Pour les neuf premiers mois de 2024, les ventes nettes étaient de 22,88 millions de dollars, en baisse par rapport à 24,73 millions de dollars, tandis que la perte nette a été améliorée à 2 millions de dollars contre 2,86 millions de dollars d'une année sur l'autre.
Chicago Rivet & Machine (NYSE American: CVR) hat seine Finanzzahlen für das dritte Quartal 2024 veröffentlicht. Der Nettoumsatz ging von 7,95 Millionen US-Dollar im dritten Quartal 2023 auf 6,97 Millionen US-Dollar zurück. Der Verlust des Unternehmens vor Einkommensteuern verbesserte sich auf 795.425 US-Dollar im Vergleich zu einem Verlust von 1,22 Millionen US-Dollar im gleichen Zeitraum des Vorjahres. Der Nettoprofit stellte sich allerdings mit 1,45 Millionen US-Dollar (1,50 US-Dollar pro Aktie) im Vergleich zu 964.042 US-Dollar (1,00 US-Dollar pro Aktie) im dritten Quartal 2023 insofern ungünstiger dar. In den ersten neun Monaten 2024 betrug der Nettoumsatz 22,88 Millionen US-Dollar, ein Rückgang von 24,73 Millionen US-Dollar, während der Nettungsverlust sich von 2,86 Millionen US-Dollar auf 2 Millionen US-Dollar verbesserte im Jahresvergleich.
- Reduced loss before income taxes by 34.5% in Q3 2024 compared to Q3 2023
- Improved nine-month net loss by 30% compared to the same period in 2023
- 12.3% decline in Q3 2024 net sales compared to Q3 2023
- Net loss increased by 50% in Q3 2024 compared to Q3 2023
- 7.5% decrease in nine-month net sales compared to 2023
- Continued operating losses for both quarterly and year-to-date periods
Insights
The Q3 results reveal concerning trends for Chicago Rivet & Machine Co.
The deteriorating performance, particularly in revenue decline and widening quarterly losses, suggests persistent operational challenges. With a small market cap of about
CHICAGO RIVET & MACHINE CO. Summary of Consolidated Results of Operations For the Three and Nine Months Ended September 30 | ||||
Third Quarter | First Nine Months | |||
2024 | 2023 | 2024 | 2023 | |
Net sales | ||||
Income (loss) before income taxes | (795,425) | (1,215,042) | (1,516,745) | (3,617,685) |
Net income (loss) | (1,446,621) | (964,042) | (2,002,484) | (2,858,685) |
Net income (loss) per common share | (1.50) | (1.00) | (2.07) | (2.96) |
Average common shares outstanding | 966,132 | 966,132 | 966,132 | 966,132 |
(All figures subject to year-end audit) | ||||
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SOURCE Chicago Rivet & Machine Co.
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