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 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)?
