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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

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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CENTRAL ISLIP, N.Y.--(BUSINESS WIRE)--CVD Equipment Corporation (NASDAQ: CVV), a leading provider of chemical vapor deposition systems, today announced that it has received an order for a production Plasma Enhanced Chemical Vapor Deposition (PECVD) system valued at approximately $1M. This system PECVD200 will be used for the production of discrete semiconductor devices on 200 mm wafers to support 5G Wireless technology. CVD plans to deliver this system before the end of this calendar year. The

CVD Equipment Corporation Receives Production System Order to Support 5G Wireless Technology

CENTRAL ISLIP, N.Y.--(BUSINESS WIRE)--CVD Equipment Corporation (NASDAQ: CVV), a leading provider of chemical vapor deposition systems, today announced that it has received a CVD/ALD (Atomic Layer Deposition) system order from Georgia Institute of Technology. This system will be used to coat powders with high performance nanomaterials for electric vehicle (EV) battery applications. CVD Equipment plans to design and manufacture the system as a standard product platform to coat powders for Resear

CVD Equipment Corporation Receives System Order to Develop High Performance Battery Materials for Electric Vehicles

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 2021 fourth quarter and year end results after markets close on Thursday March 31, 2022. CVD Management will hold a conference call to discuss its results at 5:30 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 repla

CVD Equipment to Announce 2021 Fourth Quarter and Year End Results

The stock price of CVD Equipment Corporation (NASDAQ: CVV) increased by 15.8% today. This is why it happened.

CVD Equipment Stock (CVV): Why The Price Surged Today

CENTRAL ISLIP, N.Y.--(BUSINESS WIRE)--CVD Equipment Corporation (NASDAQ: CVV), a leading provider of chemical vapor deposition systems, today announced increased product demand in 2021. Orders exceeded $5 million in the fourth quarter and $21 million overall for the year 2021, yielding an increase of 75% compared to 2020. CVD has seen order growth in all segments and products, including a 100% growth in the CVD equipment portion of the business, with 23 system orders in 2021. The order rate has

CVD Equipment Corporation Reports Increased Product Demand For 2021

CVD Equipment Corporation (CVV) CEO Emmanuel Lakios on Q3 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 third quarter 2021 financial results. CVD third quarter 2021 revenue was $4.3 million as compared to $4.0 million in the third quarter of 2020, an increase of $.3 million or 8.4%. CVD's operating loss for the three months ended September 30, 2021 and 2020 was $.9 million and $1.4 million, respectively. Included in other income

CVD Reports Third Quarter 2021 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 2021 third quarter results after markets close on Monday November 15, 2021. CVD Management will hold a conference call to discuss its results at 5:30 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 ava

CVD Equipment to Announce 2021 Third Quarter Results

CVD Equipment Corporation (CVV) CEO Emmanuel Lakios on Q2 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 second quarter 2021 financial results. CVD second quarter 2021 revenue was $4.0 million as compared to $3.7 million in the second quarter of 2020, an increase of $.3 million or 8.5%. Net income for the second quarter was $1.5 million, or $.22 per diluted share, as compared to a net loss of $1.1 million, or $.17 per diluted shar

CVD Reports Second Quarter 2021 Results

The shares of CVD Equipment Corporation (NASDAQ: CVV) increased by over 6% pre-market. This is why it happened.

CVD Equipment Shares Increase Over 6% Pre-Market: Why It Happened

The shares of CVD Equipment Corporation (NASDAQ: CVV) increased by over 15% pre-market. This is why it happened.

CVD Equipment Shares Increase Over 15% Pre-Market: Why It Happened

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 a production system order from a major, US-based, electric vehicle battery material manufacturer for approximately $1.7M. The system is planned to ship to the customer in the first quarter of 2022. Significant growth in electric vehicles sales is projected in the years to come. With next-generation, lithium ion battery mater

CVD Equipment Corporation Receives First Production System Order for Nanomaterials Used in Electric Vehicle Energy Storage

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 2021 second quarter results after markets close on Monday, August 16, 2021. 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 ava

CVD Equipment to Announce 2021 Second Quarter Results

CENTRAL ISLIP, N.Y.--(BUSINESS WIRE)--CVD Equipment Corporation (NASDAQ: CVV), a leading provider of chemical vapor deposition systems and materials, today announced it closed on the sale of its facility located at 555 North Research Place, Central Islip, New York (“555 Building”) for the purchase price of $24,360,000. The Company previously announced it had entered into a contract of sale in March 2021. Thomas McNeill, Executive Vice President & Chief Financial Officer, said “We are please

CVD Completes the Sale of its 555 North Research Place Facility

CVD Equipment Corporation (CVV) CEO Emmanuel Lakios on Q1 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 first quarter 2021 financial results. As a result of the COVID-19 pandemic, CVD's new order bookings substantially decreased commencing in the first quarter of 2020, which reduced revenues in subsequent quarters, resulting in CVD first quarter 2021 revenue of $3.4 million as compared to $6.0 million in the (Pre COVID-19 pandemi

CVD Reports First Quarter 2021 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 2021 first quarter results after markets close on Thursday May 13, 2021. CVD Management will hold a conference call to discuss its results at 4:30 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 availa

CVD Equipment to Announce 2021 First Quarter Results

CENTRAL ISLIP, N.Y.--(BUSINESS WIRE)--CVD Equipment Corporation (NASDAQ: CVV), announced today that its subsidiary, CVD MesoScribe Technologies Corporation has been awarded a Small Business Innovation Research (SBIR) Phase II contract, valued at approximately $750K. The two (2) year contract was awarded following successful completion of the Company's Phase I SBIR contract with the Air Force. The Phase II SBIR contract was issued on March 11th, 2021 by the Air Force Research Laboratory (AFRL) a

CVD MesoScribe Technologies Awarded US Air Force Contract Valued at $750K

CVD Equipment Corporation (CVV) CEO Emmanuel Lakios on Q4 2020 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 and year-end 2020 financial results. CVD fourth quarter 2020 revenue was $3.2 million as compared to $5.6 million in the fourth quarter of 2019, a decrease of $2.4 million or 42.9%. Net loss for the fourth quarter 2020 was $5.3 million, or $0.80 per diluted share, which includes an impairment charge of $3.6 milli

CVD Reports Fourth Quarter and Year-end 2020 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 2020 fourth quarter and year end results after markets close on Wednesday, March 31, 2021. CVD Management will hold a conference call to discuss its results at 4:30 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 rep

CVD Equipment to Announce 2020 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 and materials, today announced that its Board of Directors elected Dr. Robert M. Brill to serve as a director of the Company, expanding its Board to six directors, effective as of March 6, 2021. Dr. Brill had previously served on the Company's Board from April 2018 until October 2019, at which time he stepped down for personal reasons. Dr. Robert M. Brill was co

Dr. Robert M. Brill Elected to CVD's Board of Directors

CENTRAL ISLIP, N.Y.--(BUSINESS WIRE)--CVD Equipment Corporation (NASDAQ: CVV), a leading manufacturer of chemical vapor deposition systems and materials, has announced the appointment of Emmanuel Lakios to President & CEO. “Emmanuel Lakios has more than 30 years' experience in the industry, and we believe he will lead our company to profitability, sustainability and growth” non-executive Chairman of the Board, Larry Waldman stated. “Since joining us in 2017 as Vice President of Sales &

Emmanuel Lakios Appointed President & CEO of CVD Equipment Corporation

CENTRAL ISLIP, N.Y.--(BUSINESS WIRE)--CVD Equipment Corporation (NASDAQ: CVV), a leading provider of chemical vapor deposition systems and materials, today announced that Emmanuel Lakios, a 30-year veteran of the industry, has been named President and CEO, and that Director Lawrence Waldman has been appointed non-executive Chairman of the Board, both replacing Leonard Rosenbaum who had been serving in all three roles. “All of the independent Board members have made this decision based on our co

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