News

CENTRAL ISLIP, N.Y., (Business Wire) – May 30, 2023 – CVD Equipment Corporation (NASDAQ: CVV), a leading provider of chemical vapor deposition and thermal process equipment, today announced the sale of its subsidiary, Tantaline CVD ApS (Tantaline) located in Denmark.

The sales price consists principally of an earn-out provision based on any net income that Tantaline may earn during the five-year period ending December 31, 2027. The Company expects to record a loss on the sale of approximately $250,000 during the quarter ending June 30, 2023.

The revenues and net

CENTRAL ISLIP, N.Y., (Business Wire) – May 15, 2023 – 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 Corporation, commented:

“We are pleased to report strong revenue growth for

CENTRAL ISLIP, N.Y., (Business Wire) – May 8, 2023 – 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. A telephone replay will be available for 7

CENTRAL ISLIP, N.Y., (Business Wire) – March 27, 2023 – 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 $17.8 million
Cash and cash equivalents of $14.4 million

Full Year 2022 Financial Results

Revenue of $25.8 million
Operating loss of