Chicago Rivet & Machine (CVR) Q2 2025 earnings summary

Executive summary

• Sales for Q2 2025 declined 9.4% year-over-year to $7.3M, with six-month sales down 8.6% to $14.5M, mainly due to lower automotive volumes and industry headwinds.

• Gross margin for Q2 2025 fell 31.1% year-over-year, reflecting lower production volumes and persistent inflationary pressures.

• Net loss for Q2 2025 was $394,980 ($0.41/share) versus net income of $142,141 ($0.15/share) in Q2 2024; YTD net income was $6,042 ($0.01/share) compared to a net loss of $555,863 ($0.58/share) last year.

• Substantial doubt exists about the company's ability to continue as a going concern due to recurring losses, negative cash flows, and reduced liquidity.

Financial highlights

• Q2 2025 net sales: $7.3M (down 9.4% YoY); six months: $14.5M (down 8.6% YoY).

• Q2 2025 gross profit: $975K (down 31.1% YoY); six months: $2.6M (up 21.9% YoY).

• Q2 2025 net loss: $395K; six months: net income $6K.

• Operating losses for Q2 2025: $417K; six months: $347K.

• Cash and cash equivalents at June 30, 2025: $1.2M.

Outlook and guidance

• Order volume improved sequentially from Q4 2024 but remains below Q2 2024 levels.

• Management is focused on cost reductions, efficiency improvements, and new sales initiatives.

• Significant uncertainty remains due to tariffs, market volatility, and customer demand.