Welcome to our dedicated page for Cvd Equipment news (Ticker: CVV), a resource for investors and traders seeking the latest updates and insights on Cvd Equipment stock.
CVD Equipment Corporation (CVV) delivers advanced chemical vapor deposition systems and gas control solutions for semiconductor production, aerospace components, and nanomaterials research. This news hub provides investors and industry professionals with essential updates on the company's technical innovations and market position.
Access comprehensive coverage of earnings announcements, equipment launches, and strategic partnerships shaping advanced materials manufacturing. Our curated repository ensures timely access to operational developments in precision deposition technologies and industrial process solutions.
Key updates include progress in nanomaterial synthesis systems, expansions in medical coating applications, and gas control innovations for high-temperature manufacturing. Track how CVV's application laboratory supports next-generation material development across defense and renewable energy sectors.
Bookmark this page for streamlined monitoring of CVV's role in enabling critical manufacturing processes through cutting-edge CVD technology. Verify all disclosures through original SEC filings and company communications linked within each update.
CVD Equipment (NASDAQ: CVV) reported Q4 2024 financial results with revenue of $7.4 million, an 80.3% increase year-over-year. The company achieved net income of $132,000 ($0.02 per share) in Q4, compared to a net loss of $2.3 million in Q4 2023.
Full-year 2024 revenue reached $26.9 million, up 11.5% from 2023, though the company recorded a net loss of $1.9 million ($0.28 per share). The backlog stood at $19.4 million as of December 31, 2024, up from $18.4 million year-over-year.
Notable developments include a $3.5 million follow-on order for the CVI 3500™ system from an aerospace customer. However, the silicon carbide market faces challenges due to overcapacity and declining wafer prices. The company recognized a $1.3 million non-cash charge to reduce PVT150™ inventory value during the year.
CVD Equipment (NASDAQ: CVV), a provider of chemical vapor deposition and thermal process equipment, has scheduled its fourth quarter and fiscal year 2024 financial results release for March 19, 2025, after market close.
The company will host a conference call at 5:00 p.m. Eastern Time to discuss the results. Investors can participate via toll-free number (877) 407-2991 or international (201) 389-0925. A 7-day replay will be available, and a webcast will be accessible on the company's website.
CVD Equipment specializes in developing equipment for chemical vapor deposition, thermal and physical vapor transport processes, focusing on major markets including aerospace & defense (ceramic matrix composites), high power electronics (silicon carbide), and EV battery materials (carbon nanotubes, graphene, silicon nanowires). The company also operates an application laboratory for collaborative process optimization with customers.
CVD Equipment (NASDAQ: CVV) has secured a follow-on order for a production Chemical Vapor Infiltration (CVI) system valued at approximately $3.5 million. The system will be used to produce advanced materials for gas turbine engines, specifically Ceramic Matrix Composites (CMCs), which enable greater fuel efficiency due to their lighter weight and reduced cooling requirements compared to conventional nickel-based components. The company has expanded its 2024 product line with new CVI systems for CMCs, a second-generation silicon bond coat system, and an advanced ceramic matrix system.
CVD Equipment (NASDAQ: CVV) reported Q3 2024 financial results with revenue of $8.2 million, up 31.4% year-over-year. The company achieved operating income of $77,000 and net income of $0.2 million ($0.03 per share). Backlog stood at $19.8 million as of September 30, 2024. Key developments include a $3.5 million follow-on order for the CVI/CVD3500 system from an aerospace customer and shipment of their first PVT200 system. The company recognized a $1.0 million non-cash charge to reduce PVT150 inventory value and a $0.6 million gain from MesoScribe equipment sale. Cash position was $10.0 million at quarter-end.
CVD Equipment (NASDAQ: CVV) announced it will release its third quarter 2024 financial results on November 13, 2024, after market close. The company will host a conference call at 5:00 p.m. Eastern Time to discuss the results. CVD Equipment specializes in chemical vapor deposition and thermal process equipment, serving major markets including aerospace & defense, high power electronics, and EV battery materials. The company's application laboratory enables customers to collaborate with their scientists for process optimization.
CVD Equipment (NASDAQ: CVV) reported its Q2 2024 financial results, showing a 25.2% year-over-year revenue increase to $6.3 million. The company shipped a PVT 200 system for SiC 200mm crystal boule growth, part of a strategic Q1 order. Despite revenue growth, CVD faced challenges:
- Gross profit margin declined due to less profitable contract mix
- Operating loss of $0.9 million
- Net loss of $0.8 million ($0.11 per share)
- Backlog decreased to $24.0 million from $27.1 million in Q1
CEO Manny Lakios expressed disappointment with H1 2024 performance but emphasized focus on strategic efforts, profitability, cost management, and growth. The company maintains $10.0 million in cash and cash equivalents as of June 30, 2024.
CVD Equipment (NASDAQ: CVV), a provider of chemical vapor deposition and thermal process equipment, has announced its plans to release Q2 2024 financial results on August 13, 2024, after market close. The company will host a conference call at 5:00 p.m. Eastern Time to discuss the results. Investors can participate by dialing (877) 407-2991 (toll-free) or (201) 389-0925 (international). A replay will be available for 7 days, and a webcast will be accessible on the company's website.
CVD Equipment specializes in developing and manufacturing equipment for chemical vapor deposition, thermal processing, and material production. Their products cater to various industries, including high power electronics, EV battery materials, aerospace & defense, and industrial applications. The company also offers an application laboratory for collaborative process optimization with customers.
CVD Equipment (NASDAQ: CVV) has appointed Andrew Africk to its Board of Directors, expanding the board from six to seven members. Africk, founder of Searay Capital and former Senior Partner at Apollo Global Management, brings 30 years of experience in financing, technology, and communications investments. Lawrence J. Waldman, Chairman, highlighted Africk's valuable corporate and financial expertise, while CEO Manny Lakios emphasized his strategic value in targeting key markets such as high power electronics, battery materials, aerospace, and industrial applications.
CVD Equipment (NASDAQ: CVV) reported a significant revenue decline for Q1 FY2024, posting $4.9M, down 43.4% year-over-year. The gross profit margin was 17.5%, with an operating loss of $1.6M and a net loss of $1.5M ($0.22 per share). Orders for the quarter reached $13.6M, driven by the aerospace sector and gas delivery equipment demand. Notable orders include the PVT200™ system for SiC crystal growth and a $10M multisystem order for SiC coating reactors. The company increased its backlog from $18.4M to $27.1M, despite reducing its workforce to align with demand. Cash reserves dropped to $11.9M from $14.0M at year-end 2023.
CVD Equipment (NASDAQ: CVV) is set to report its financial results for the first quarter ended March 31, 2024 on May 13, 2024. The company specializes in chemical vapor deposition and thermal process equipment. A conference call to discuss the results will be held at 5:00 p.m. (Eastern Time) on the same day.
FAQ
What is the current stock price of Cvd Equipment (CVV)?
What is the market cap of Cvd Equipment (CVV)?
