Cvd Equipment SEC Filings

CVD Equipment Corporation (CVV) reported quarterly revenue of $5.11 million, down 19.4% from $6.35 million a year earlier, producing a gross profit of $1.07 million and a gross margin near 21% for the quarter. The company recorded a net loss of $1.06 million for the three months ended June 30, 2025. For the six months, revenue rose to $13.43 million, up 19.2% year-over-year, with gross profit improving to $3.77 million and a gross margin of 28.1%, while the six-month net loss narrowed to $0.70 million.

Liquidity and contract position show $7.0 million in cash and cash equivalents at June 30, 2025 (down from $12.6 million at year-end 2024), an order backlog of $13.2 million and unrecognized contract revenue of approximately $10.9 million expected to be recognized within 12 months. Material risks disclosed include significant customer concentration in receivables and revenue, potential inventory write-down risk for PVT 150/200 systems (~$0.4 million), and exposure to tariffs and geopolitical supply constraints. Management states existing cash plus expected collections and backlog should fund operations for at least the next 12 months.

The company held its Annual Meeting where shareholders voted on three proposals. All six director nominees—Lawrence J. Waldman, Emmanuel Lakios, Andrew Africk, Robert M. Brill, Ashraf Lotfi and Debra Wasser—were re-elected with votes in favor ranging from 2,526,772 to 2,549,366 and withheld votes between 208,765 and 231,359. There were 2,206,675 broker non-votes reported for those elections. Shareholders ratified CBIZ CPAs P.C. as the independent registered public accounting firm by a vote of 4,919,573 for, 36,254 against and 8,979 abstaining. A non-binding advisory resolution on executive compensation passed with 2,717,857 votes for, 22,289 against and 17,985 abstaining, with 2,206,675 broker non-votes.

CVD Equipment Corp. director and reported 10% owner Andrew Africk received an automatic grant of 11,100 shares of common stock on 08/08/2025 under the company’s 2022 Share Incentive Plan as part of the Director Compensation Plan. The award was issued at no cash cost and raises his reported beneficial ownership to 1,317,615 shares. The grant vests in four quarterly installments on Sep 30, 2025; Dec 31, 2025; Mar 31, 2026; and Jun 30, 2026, provided he remains a director on each vesting date. The transaction is recorded as an acquisition (Code A).

CVD Equipment Corp. (CVV) director Lawrence Waldman acquired an automatic grant of 11,100 common shares on 08/08/2025 under the companys Director Compensation Plan and the 2022 Share Incentive Plan. The award was issued at $0, and the filing reports his direct beneficial ownership increased to 79,146 shares following the transaction.

The grant vests in four quarterly installments on 09/30/2025, 12/31/2025, 03/31/2026 and 06/30/2026, provided he remains a director on each vesting date. The transaction is reported with acquisition code "A" indicating an awarded/issued grant.

CVD Equipment Corp. director Debra Ann Wasser was issued an automatic grant of 11,100 common shares on 08/08/2025 under the company's previously disclosed Director Compensation Plan and the 2022 Share Incentive Plan. The shares were granted at no cash price and increase Ms. Wasser's direct beneficial ownership to 28,231 shares following the transaction.

The grant will vest in four quarterly tranches — on Sep 30, 2025, Dec 31, 2025, Mar 31, 2026 and Jun 30, 2026 — provided she remains a director on each vesting date. The filing reflects a routine director equity award consistent with disclosed compensation arrangements.

Lotfi Ashraf Wagih, a director of CVD Equipment Corp (CVV), received an automatic grant of 11,100 shares of common stock under the company’s Director Compensation Plan pursuant to the 2022 Share Incentive Plan. The shares were issued at a $0 price and increase his direct beneficial ownership to 28,736 shares.

The award vests in four quarterly installments on September 30, 2025, December 31, 2025, March 31, 2026, and June 30, 2026, provided he remains a director on each vesting date. The grant was disclosed on a Form 4 as an automatic director compensation award.

Dr. Robert M. Brill, a director of CVD Equipment Corp. (CVV), received an automatic grant of 11,100 shares of common stock on 08/08/2025 under the company’s 2022 Share Incentive Plan. The grant was issued at a $0 price and the Form reports his beneficial ownership following the grant as 46,546 shares, held directly.

The award was made pursuant to the Company’s director compensation plan at the 2025 Annual Meeting and will vest in four quarterly installments on 09/30/2025, 12/31/2025, 03/31/2026 and 06/30/2026 provided he remains a director on each vesting date. The Form 4 was signed on 08/12/2025 and was filed by one reporting person; the transaction is recorded as an acquisition (code A).