Cvd Equipment Stock Price, News & Analysis

CVD Equipment Corporation (NASDAQ: CVV) reported its financial results for Q4 and the fiscal year ending December 31, 2022. Q4 revenue was $7.2 million, and the company posted a net income of $1.5 million, primarily from an Employee Retention Credit. The full year revenue reached $25.8 million, though a net loss of $224,000 was recorded, contrasting with a significant profit in 2021 due to extraordinary gains. Bookings totaled $33.1 million for the year. The company focuses on high-growth markets such as high-power electronics and aerospace. Looking ahead, CVD aims for consistent profitability and growth in emerging industries.

CVD Equipment Corporation (NASDAQ: CVV) will release its 2022 fourth quarter and year-end results on March 27, 2022, after market close. Management will hold a conference call at 5:00 PM ET to discuss the results, with a live dial-in option available for participants. An archived webcast will also be accessible on the company's website following the live event. CVD specializes in chemical vapor deposition systems and targets high power electronics, EV battery materials, and aerospace applications. The company emphasizes the importance of forward-looking statements and their inherent risks.

CVD Equipment Corporation (NASDAQ: CVV) has announced a new order for ten high-performance PVT-150 systems, designed for the growth of 150 mm diameter monocrystalline silicon carbide (SiC) boules. These systems are expected to be delivered in the first half of 2023 and will support the increasing demand for SiC wafers used in power electronics, particularly in the electric vehicle sector. The company emphasizes its commitment to high-quality production and plans to facilitate the transition to larger systems in the future.

CVD Equipment Corporation (NASDAQ: CVV) reported third quarter 2022 financial results, highlighting revenue of $8.1 million, an 88.4% increase from $4.3 million in Q3 2021. Net income was $63,538, down from $6.0 million in the same quarter last year. Although operating income improved to $122,275, the company reported a net loss of $1.8 million for the first nine months of 2022. Challenges include increased manufacturing costs and supply chain delays, with a notable $3.7 million order from an aerospace client. CVD aims for consistent long-term profitability.

CVD Equipment Corporation (NASDAQ: CVV) has secured a $3.7M order for a Production Chemical Vapor Infiltration (CVI) System, aimed at producing Ceramic Composite Materials (CMCs) for aerospace gas turbine engines. This order reflects growing demand in the aerospace sector as it recovers from COVID-19 disruptions, driving a shift towards fuel-efficient aircraft. CVD's focus on growth markets, including Aerospace and Electric Vehicle Battery Materials, positions it for sustained profitability and growth, according to President Emmanuel Lakios.

CVD Equipment Corporation (NASDAQ: CVV) will release its 2022 third quarter results on November 14, 2022, after market close. Management will conduct a conference call at 5:00 pm ET to discuss the results. Investors can join the call by dialing (888) 645-4404 (toll free) or (862) 298-0702 (international). A replay will be available for seven days. The call can also be accessed via a live and archived webcast on their website.