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0 0 0.0095057034220532 0.0133079847908744 0.0361216730038022 0.0294676806083649 -0.0256653992395439 -0.0541825095057034
Stock impact report

CVD Equipment (CVV) Q1 2026 Earnings Transcript [Globe and Mail, The (Toronto, Canada)]

CVD Equipment Corporation (CVV) 
US:NASDAQ Investor Relations: cvdequipment.com/company/investor-relations
Chief Financial Officer — Richard Catalano TAKEAWAYS Revenue -- $1.8 million, representing a 70.9% decline from the prior-year quarter, and a 30.9% sequential decrease from the prior quarter. Gross Profit -- $147,000, with an 8% gross margin; this compares to a $1.7 million gross profit and 27.4% margin in the prior-year period. Backlog -- $4.7 million at period-end, stable relative to the end of the prior quarter. Customer Concentration -- Three customers accounted for 66% of total first-quarter revenue. Operating Loss -- $1.8 million operating loss from continuing operations, up from $0.3 million in the prior-year quarter. Net Loss -- $1.7 million, or $0.25 per basic and diluted share, compared to a $229,000 net loss, or $0.03 per share, previously. Orders -- $1.8 million, driven primarily by spare parts demand. Net Cash Used in Operating Activities -- $0.9 million, including $0.4 million contributed by the SDC business during the quarter. Cash and Cash Equivale Show less Read more
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