CVD Equipment

CVD Equipment Corp. engages in the design, development, and manufacture of chemical vapor deposition, gas control, and other state-of-the-art equipment and process solutions. It operates through the following segments: Chemical Vapor Deposition (CVD), Stainless Design Concepts (SDC), CVD Materials, and Corporate. The Chemical Vapor Deposition segment is utilized for chemical Vapor deposition equipment manufacturing. The Stainless Design Concepts segment includes ultra-high purity manufacturing division in Saugerties, New York for gas control systems. The CVD Materials segment offers material coatings for aerospace, medical, electronic, and other application. The Corporate segment refers to the firm’s administration activities. Its services include anti-corrosion, application lab, collaboration, customer support, printed electronics, fabricated quartzware, and process software. The firm serves the aerospace, glass coatings, medical, military, nanomaterials, optoelectronics, semiconductor, and solar photovoltaics markets. The company was founded by Leonard A. Rosenbaum on October 13, 1982 and is headquartered in Central Islip, NY.

Earnings data Q4 2020

Earnings data Q1 2021

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Earnings data Q1 2022

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Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

CVD Equipment posts stellar Q4 results amidst supply chain challenges

CVD Equipment Corporation demonstrated robust financial performance in Q4 2022, marked by substantial revenue growth and strong order intake across segments.
While facing challenges from supply chain disruptions and inflation, the company maintains a solid financial position with a growing backlog and healthy cash reserves.
Strategic focus on customer markets and operational efficiency, coupled with cautious optimism, positions CVD Equipment for sustained profitability and future growth.
By addressing challenges, leveraging strengths, and exploring opportunities, CVD Equipment is poised to navigate market dynamics and drive continued success.

CVD Equipment reports strong revenue growth amidst operational challenges

CVD Equipment delivered robust revenue growth in Q1 2023, driven by key orders in strategic sectors, despite reporting a net loss and operating loss for the quarter.
The company's revenue diversification and focus on innovation position it well for future growth opportunities, supported by a solid financial foundation.
Challenges in managing expenses, addressing order delays, and navigating market uncertainties underscore the need for strategic adjustments to drive profitability and sustained success.
Opportunities abound in expanding customer base, exploring new markets, and leveraging innovation to capitalize on emerging trends and strengthen market position.

CVD Equipment reports Q2 revenue dip but maintains strategic focus

CVD Equipment faced revenue decline and increased losses in Q2 2023, but showed improved gross margins and strong backlog, indicating underlying strength.
The company's focus on key markets and adequate working capital provide a foundation for future growth and resilience.
To overcome challenges and capitalize on opportunities, CVD Equipment needs to enhance operational efficiency, address revenue decline, and explore growth avenues.

CVD Equipment reports Q3 revenue decline but eyes strategic growth

CVD Equipment faced revenue decline and an operating loss in Q3, with a lower gross profit margin.
Strategic divestments and new Board members signal a shift towards focused growth strategies.
Despite challenges, new orders in key sectors and higher year-to-date revenue offer optimism for the future.

CVD Equipment reports Q4 revenue decline, eyes growth in new markets

CVD Equipment faced revenue decline and an operating loss in Q4 2023, attributed to cost overruns and lower revenues. Despite challenges, the company secured significant new orders and aims to return to consistent profitability by expanding into promising markets. Managing expenses and capitalizing on diversification efforts are crucial for future success.

CVD Equipment reports Q1 revenue decline but focuses on profitability

CVD Equipment faces challenges with revenue decline and increased losses in Q1 2024.
However, the company maintains strengths in key orders, backlog, and cost management strategies.
Opportunities lie in revenue growth potential, operational improvements, and strategic initiatives.
Overall, CVD Equipment aims to navigate challenges and capitalize on opportunities for future success.

CVD Equipment reports revenue growth and backlog increase in Q2

CVD Equipment showed strong revenue growth and backlog increase in Q2 2024, driven by demand in the SDC segment.
While facing revenue challenges and reduced cash reserves, the company's strategic focus on operational improvements is notable.
Opportunities lie in leveraging the backlog, addressing market demand, and enhancing operational efficiency for future growth.

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CVD Equipment Corporation (NASDAQ:CVV ) Q1 2023 Earnings Conference Call May 15, 2023 5:00 PM ET Company Participants Emmanuel Lakios - President and CEO Richard Catalano - VP and CFO Conference Call Participants Brett Rice - Jamie Montgomery Scott Robert Mertens - Cowen and Company Orin Hirschman - AIGH Investment Partners Operator Greetings and thank you for standing by and welcome to the CVD Equipment Corporation's First Quarter Fiscal 2023 Earnings Call. As a reminder, this conference is being recorded.

CVD Equipment Corporation (CVV) Q1 2023 Earnings Call Transcript

CENTRAL ISLIP, N.Y.--(BUSINESS WIRE)--CVD Equipment Corporation (NASDAQ: CVV), today announced its financial results for the first quarter ended March 31, 2023. First Quarter 2022 Financial Results Revenue of $8.7 million Operating loss of $0.19 million Net loss of $40,000 or $0.01 basic and diluted share Bookings of $2.9 million Backlog as of March 31, 2023 of $12.0 million Cash and cash equivalents as of March 31, 2023 of $11.0 million Manny Lakios, President and CEO of CVD Equipment Corporat.

CVD Equipment Corporation Reports First Quarter 2023 Financial Results

CENTRAL ISLIP, N.Y.--(BUSINESS WIRE)--CVD Equipment Corporation (NASDAQ: CVV), a leading provider of chemical vapor deposition and thermal process equipment, announced today that it will release its first quarter 2023 financial results after the markets close on Monday, May 15, 2023.  The Company will hold a conference call to discuss its results at 5:00 p.m. (Eastern Time) that day. To participate in the live conference call, please dial toll free (877) 407-2991 or international (201) 389-0925.

CVD Equipment Corporation to Announce First Quarter 2023 Financial Results on May 15, 2023

CVD Equipment Corporation (NASDAQ:CVV ) Q4 2022 Earnings Conference Call March 27, 2023 5:00 PM ET Company Participants Emmanuel Lakios - President and Chief Executive Officer Richard Catalano - Vice President and Chief Financial Officer Conference Call Participants Brett Reiss - Janney Montgomery Scott Operator Greetings, and welcome to the CVD Equipment Corporation 2022 Fourth Quarter and Full Fiscal 2022 Results Conference Call. As a reminder, this conference is being recorded.

CVD Equipment Corporation (CVV) Q4 2022 Earnings Call Transcript

CENTRAL ISLIP, N.Y.--(BUSINESS WIRE)--CVD Equipment Corporation (NASDAQ: CVV), today announced its financial results for the fourth quarter and fiscal year ended December 31, 2022. Fourth Quarter 2022 Financial Results Revenue of $7.2 million Operating loss of $221,000 Net income of $1.5 million, including the recognition of an Employee Retention Credit of $1.5 million Net income per basic and diluted share of $0.23 Bookings of $9.2 million December 31, 2022 backlog of $17.

CVD Equipment Corporation Reports Fourth Quarter and Fiscal Year 2022 Financial Results

CENTRAL ISLIP, N.Y.--(BUSINESS WIRE)--CVD Equipment Corporation (NASDAQ: CVV), a leading provider of chemical vapor deposition systems, announced today that it will release its 2022 fourth quarter and year end results after markets close on Monday, March 27, 2022. CVD Management will hold a conference call to discuss its results at 5:00 pm (Eastern Time) that day. To participate in the live conference call, please dial toll free (877) 407-2991 or International (201) 389-0925.

CVD Equipment to Announce 2022 Fourth Quarter and Year End Results

CENTRAL ISLIP, N.Y.--( BUSINESS WIRE )--CVD Equipment Corporation (NASDAQ: CVV), a leading provider of chemical vapor deposition systems, announced today that it has received an additional order for ten (10) high performance PVT-150 systems. The systems will be used to grow 150 mm diameter monocrystalline silicon carbide (SiC) boules, which are subsequently processed into SiC wafers used in power electronics. The systems are scheduled for delivery in the first half of 2023.

CVD Equipment Corporation Receives Additional Order for Ten PVT-150 Systems for Silicon Carbide Growth

CVD Equipment Corporation (NASDAQ:CVV ) Q3 2022 Earnings Conference Call November 14, 2022 5:00 PM ET Company Participants Emmanuel Lakios - President & Chief Executive Officer Richard Catalano - Vice President, Chief Financial Officer Conference Call Participants Brett Reiss - Janney Montgomery Operator Greetings, and welcome to the CVD Equipment Corporation 2022 Third Quarter Results Conference Call. As a reminder, this conference is being recorded.

CVD Equipment Corporation (CVV) Q3 2022 Earnings Call Transcript

CENTRAL ISLIP, N.Y.--( BUSINESS WIRE )--CVD Equipment Corporation (NASDAQ: CVV), a leading provider of chemical vapor deposition systems and materials, today announced its financial results for the third quarter of 2022.

CVD Reports Third Quarter 2022 Results and Announces Termination of the Sale and Leaseback Transaction

CENTRAL ISLIP, N.Y.--( BUSINESS WIRE )--CVD Equipment Corporation (NASDAQ: CVV), a leading provider of chemical vapor deposition systems, announced today that it has received an order for a Production Chemical Vapor Infiltration (CVI) System valued at approximately $3.7M. The system will be used to manufacture Ceramic Composite Materials (CMCs) for Aerospace Gas Turbine Engines.

CVD Equipment Corporation Receives $3.7M Aerospace Order for Production Coating System

CVD Equipment Corporation to Announce 2022 Third Quarter Results

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CENTRAL ISLIP, N.Y.--(BUSINESS WIRE)--CVD Equipment Corporation (NASDAQ: CVV), a leading provider of chemical vapor deposition systems and materials (the “Company”), today announced it has entered into an agreement to sell and lease back its Central Islip, New York facility (the “Premises”) from the prospective purchasers. On September 22, 2022, the Company entered into an agreement (the “Purchase Agreement”) for the sale of the Premises consisting of land and building. The Purchase Agreement p

CVD Equipment Corporation Announces Sale and Leaseback Agreement

CENTRAL ISLIP, N.Y.--(BUSINESS WIRE)--CVD Equipment Corporation (NASDAQ: CVV), a leading provider of chemical vapor deposition systems and materials, today announced that Richard Catalano has been appointed as Chief Financial Officer, effective August 30, 2022. Mr. Catalano brings more than 35 years of experience as an accomplished financial professional working across multiple industries. In 1982, Mr. Catalano began his career at KPMG LLP and became an audit partner in 1993. Throughout his 37

CVD Equipment Corporation Appoints Richard Catalano as Chief Financial Officer

CVD Equipment Corporation (NASDAQ:CVV ) Q2 2022 Results Conference Call August 15, 2022 5:00 PM ET Company Participants Emmanuel Lakios - President and CEO Thomas McNeill - EVP and CFO Conference Call Participants Brett Reiss - Janney Montgomery Scott Operator Greetings, and welcome to the CVD Equipment 2022 Second Quarter Results Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

CVD Equipment Corporation (CVV) CEO Emmanuel Lakios on Q2 2022 Results - Earnings Call Transcript

CENTRAL ISLIP, N.Y.--(BUSINESS WIRE)--CVD Equipment Corporation (NASDAQ: CVV), a leading provider of chemical vapor deposition systems and materials, today announced its financial results for the second quarter of 2022. CVD's revenue for the second quarter of 2022 was $5.8 million as compared to $4.0 million for the second quarter of 2021, an increase of $1.8 million or 44.0%. Net loss for the second quarter of 2022 was $.8 million, or $.12 per diluted share, as compared to a net income of $1.5

CVD Reports Second Quarter 2022 Results

CENTRAL ISLIP, N.Y.--(BUSINESS WIRE)--CVD Equipment Corporation (NASDAQ: CVV), a leading provider of chemical vapor deposition systems, announced today that it will release its 2022 second quarter results after markets close on Monday August 15, 2022. CVD Management will hold a conference call to discuss its results at 5:00 pm (Eastern Time) that day. To participate in the live conference call, please dial toll free (877) 407-2991 or International (201) 389-0925. A telephone replay will be avai

CVD Equipment to Announce 2022 Second Quarter Results

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.

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

CENTRAL ISLIP, N.Y.--(BUSINESS WIRE)--CVD Equipment Corporation (NASDAQ: CVV), a leading provider of chemical vapor deposition and thermal process equipment, today announced increased order demand in the second quarter of 2022. Orders exceeded $12.6 million in the second quarter of 2022 compared to approximately $6 million in the second quarter of 2021 and orders of $16.7 million for the first half of 2022 compared to $9.7 million in the same period of 2021, yielding an increase of 73.2% in the

CVD Equipment Corporation Announces 73% Increased Orders for the First Half 2022

CVD Equipment Corporation (NASDAQ:CVV ) Q1 2022 Earnings Conference Call May 16, 2022 5:00 PM ET Company Participants Emmanuel Lakios – President & Chief Executive Officer Thomas McNeill – Executive Vice President & Chief Financial Officer Conference Call Participants Orin Hirschman – AIGH Capital Management Brett Reiss – Janney Montgomery Scott Martin Howard – Private Investor Operator Greetings and welcome to the CVD Equipment 2022 First Quarter Results Conference Call. At this time, all participants are in a listen-only mode.

CVD Equipment Corporation (CVV) CEO Emmanuel Lakios on Q1 2022 Results - Earning Calls Transcript

CENTRAL ISLIP, N.Y.--(BUSINESS WIRE)--CVD Equipment Corporation (NASDAQ: CVV), a leading provider of chemical vapor deposition systems and materials, today announced its first quarter 2022 financial results. CVD first quarter 2022 revenue was $4.7 million as compared to $3.4 million in the first quarter of 2021, an increase of $1.3 million or 38.3%. Net loss for the first quarter of 2022 was $1.0 million, or $.15 per diluted share, as compared to a net loss of $1.5 million, or $.23 per diluted

CVD Reports First Quarter 2022 Results

CENTRAL ISLIP, N.Y.--(BUSINESS WIRE)--CVD Equipment Corporation (NASDAQ: CVV), a leading provider of chemical vapor deposition systems, announced today that it will release its 2022 first quarter results after markets close on Monday May 16, 2022. CVD Management will hold a conference call to discuss its results at 5:00 pm (Eastern Time) that day. To participate in the live conference call, please dial toll free (877) 407-2991 or International (201) 389-0925. A telephone replay will be availabl

CVD Equipment to Announce 2022 First Quarter Results

CENTRAL ISLIP, N.Y.--(BUSINESS WIRE)--CVD Equipment Corporation (NASDAQ: CVV), a leading provider of chemical vapor deposition systems, announced today that it has received an order for nine (9) Physical Vapor Transport (PVT) systems. The systems will be used to grow Silicon Carbide (SiC) material which is subsequently processed into wafers to support high power electronics applications. The systems are scheduled to ship in the second half of 2022. This order is in addition to the order for 6 P

CVD Equipment Corporation Receives Order for 9 Silicon Carbide PVT Systems for High-Power Electronics

CVD Equipment Corporation (CVV) CEO Emmanuel Lakios on Q4 2021 Results - Earnings Call Transcript

CENTRAL ISLIP, N.Y.--(BUSINESS WIRE)--CVD Equipment Corporation (NASDAQ: CVV), a leading provider of chemical vapor deposition systems and materials, today announced its fourth quarter 2021 financial results. CVD fourth quarter 2021 revenue was $4.7 million as compared to $3.2 million in the fourth quarter of 2020, an increase of $1.5 million or 48.8%. CVD's operating loss for each of the quarters ended December 31, 2021 and 2020 was $1.2 million and $5.4 million, respectively. Included in the

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