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 (NASDAQ: CVV) is a manufacturer of chemical vapor deposition, thermal processing, physical vapor transport, and gas and chemical delivery control systems used in semiconductor and related device manufacturing, aerospace and defense, high power electronics, EV battery materials, and industrial applications. The CVV news feed on Stock Titan brings together the company’s official announcements, earnings releases, and other material updates that shape the outlook for its business and stock.
Recent news from CVD Equipment Corporation has focused on quarterly financial results, order activity, and operational developments. The company regularly issues press releases detailing revenue, gross profit, net income or loss, backlog levels, and segment performance for its CVD Equipment and SDC gas delivery businesses. These releases often include management commentary on market conditions in aerospace and defense, silicon carbide high power electronics, and EV battery materials and energy storage, as well as the impact of factors such as tariffs, customer funding, and demand patterns in emerging growth markets.
News items also highlight product and customer milestones, such as orders for PVT150™ and PVT200™ silicon carbide crystal growth systems, shipments of CVD4000™ silicon carbide coating reactor systems, and gas delivery equipment orders in the SDC segment. Announcements may describe collaborations with academic institutions and research centers, including orders for systems to support semiconductor research and development activities.
In addition, CVD Equipment Corporation uses press releases to communicate strategic and operational initiatives. For example, the company has announced a transformation strategy involving outsourcing certain fabrication activities, workforce adjustments in the CVD Equipment division, revised sales approaches using distributors and outside sales representatives, and the evaluation of strategic alternatives for specific businesses and product lines.
Investors and researchers can use the CVV news page to follow the timing of earnings releases and conference calls, understand trends in orders and backlog, and monitor how the company is positioning its equipment and process solutions across its target markets. Bookmarking this page provides a centralized view of CVD Equipment Corporation’s official news flow as it reports on financial performance, customer orders, product developments, and strategic actions.
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.
CVD Equipment Corporation (NASDAQ: CVV) announced it will release its Q1 2021 results on May 13, 2021, after market close. A conference call to discuss the results will follow at 4:30 PM ET. Interested parties can participate by calling toll-free at (877) 407-2991 or internationally at (201) 389-0925. The call will be available via a live and archived webcast on the company's website. CVD specializes in chemical vapor deposition systems and provides advanced materials and surface treatments across various industries.
CVD Equipment Corporation (NASDAQ: CVV) announced that its subsidiary, CVD MesoScribe Technologies, has secured a Small Business Innovation Research (SBIR) Phase II contract worth approximately $750K. The two-year contract, effective March 11, 2021, from the Air Force Research Laboratory aims to advance MesoScribe’s Direct Write technology for high-definition coatings on gas turbine engine components. This project builds on a Phase I contract from January 2020 focused on developing printed sensors for hypersonic flight systems. Both contracts are expected to enhance manufacturing capabilities in aerospace applications.
CVD Equipment Corporation (NASDAQ: CVV) reported a challenging fourth quarter and full-year 2020, reflecting the adverse impact of the COVID-19 pandemic. Q4 revenue fell to $3.2 million, down 42.9% from $5.6 million in Q4 2019, with a net loss of $5.3 million, including a $3.6 million impairment charge. Full-year revenue declined 13.9% to $16.9 million, leading to a total net loss of $6.1 million. The backlog decreased to $5.7 million from $8.9 million year-over-year. The company plans to sell its facility to improve liquidity, while reassessing the Tantaline product line for future viability.
CVD Equipment Corporation (NASDAQ: CVV) will release its 2020 Q4 and year-end results after market close on March 31, 2021. A conference call to discuss these results will be held at 4:30 PM ET on the same day, with options to participate via dial-in or through an archived webcast on their website. CVD Equipment specializes in developing chemical vapor deposition systems and provides advanced materials, serving sectors including aerospace, biomedical, and semiconductor industries.
CVD Equipment Corporation (NASDAQ: CVV) announced the election of Dr. Robert M. Brill to its Board of Directors, expanding the board to six members effective March 6, 2021. Dr. Brill previously served from April 2018 until October 2019. He is a venture capital co-founder and has held executive roles, including General Manager at Harris Corporation's CMOS Semiconductor Division. Board Chairman Lawrence J. Waldman expressed enthusiasm for Dr. Brill's return, citing his industry knowledge and technical experience as valuable assets to the company.
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