Cvd Equipment Stock Price, News & Analysis

CVD Equipment Corporation (NASDAQ: CVV) will release its 2021 fourth quarter and year-end results on March 31, 2022, after market close. A conference call is scheduled for 5:30 pm ET that day to discuss the results. Interested participants can join the live call by dialing toll-free at (877) 407-2991 or internationally at (201) 389-0925. A replay will be available for seven days. The archived webcast can be accessed on CVD's website approximately two hours post-event.

CVD Equipment Corporation (NASDAQ: CVV) reported a significant increase in product demand for 2021, with orders surpassing $5 million in Q4 and $21 million overall, marking a 75% increase from 2020. Notably, CVD equipment orders doubled, with 23 systems sold. Demand for nanotechnology materials and Silicon Carbide wafers drove growth, alongside anticipation of recovery in the aerospace sector. The company remains optimistic about continued order growth into 2022, supported by diverse end-use market opportunities.

CVD Equipment Corporation (NASDAQ: CVV) reported third quarter 2021 revenue of $4.3 million, up 8.4% from $4.0 million in Q3 2020. The company achieved a net income of $6.0 million or $0.89 per diluted share, contrasting with a net loss of $1.3 million in the same period last year. CVD's backlog improved to $9.9 million as of September 30, 2021. However, revenue for the first nine months decreased by 14.7% year-over-year to $11.7 million. Increased material costs and supply chain delays may further impact future operations.

CVD Equipment Corporation (NASDAQ: CVV) will release its 2021 third quarter results after market close on November 15, 2021. The management will hold a conference call at 5:30 pm (ET) to discuss the results. Interested participants can join by dialing toll-free (877) 407-2991 or international (201) 389-0925. A replay will be available for 7 days. A live and archived webcast will also be accessible on the company’s website.

CVD Equipment Corporation (NASDAQ: CVV) reported its Q2 2021 financial results, achieving revenue of $4.0 million, up 8.5% from Q2 2020. The company posted a net income of $1.5 million, compared to a net loss of $1.1 million in the same period last year. Despite a 24.1% decline in H1 revenue at $7.4 million compared to H1 2020, CVD noted a significant improvement in its cash position post-sale of a facility for $24.4 million. The backlog increased to $8.0 million as of June 30, 2021, showing signs of recovery in order activity.

CVD Equipment Corporation (NASDAQ: CVV) announced a $1.7M order for a production system from a US-based electric vehicle battery material manufacturer, scheduled for shipment in Q1 2022. The company expects to benefit from the rising demand for nanotechnology materials essential for advanced lithium-ion batteries. CVD's expertise spans over 20 years in chemical vapor deposition systems, setting the stage for growth in the high-demand green technology market. CVD's President and CEO, Emmanuel Lakios, expressed optimism regarding the company's strategic direction and market opportunities.

CVD Equipment Corporation (NASDAQ: CVV) announced it will release its second quarter 2021 results on August 16, 2021, after market close. A conference call will follow at 5:00 PM ET to discuss the results. Participants can join the call by dialing toll-free or international numbers provided. A replay will also be available for 7 days. Additionally, a live and archived webcast of the call will be accessible on the company’s website.

CVD Equipment Corporation (NASDAQ: CVV) has successfully closed the sale of its 555 Building for $24.36 million, finalized on July 26, 2021. The transaction enabled the company to pay off an outstanding mortgage of $9.35 million, resulting in net proceeds of approximately $14.0 million. This strategic sale aims to convert physical assets into working capital for sustainability and growth. The company has also signed a new IDA agreement for its remaining facility, which includes tax incentives.

CVD Equipment Corporation (NASDAQ: CVV) reported its first quarter 2021 financial results, revealing revenues of $3.4 million, a 44.3% decline from $6.0 million in Q1 2020. The company recorded a net loss of $1.5 million, compared to a net income of $1.7 million in the same quarter last year. Despite revenue increasing by $0.2 million compared to Q4 2020, the overall financial outlook remains impacted by the ongoing COVID-19 pandemic. The company is selling its facility in Central Islip, NY, for $24.36 million to enhance liquidity and working capital, and its backlog improved to $6.0 million as of March 31, 2021.