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CVD Equipment Corp. 10-Q Filings

CVV NASDAQ

Every 10-Q that CVD Equipment Corp. (CVV) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow CVV and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CVV filings page.

Rhea-AI Summary

CVD Equipment Corporation reported second-quarter 2026 results reflecting a major portfolio shift and weaker core operations. Revenue from continuing operations was $1.95 million, down 42.6% from the prior-year quarter, and the company recorded a net loss from continuing operations of $1.37 million. Including the divestiture of its SDC business, income from discontinued operations reached $13.94 million, driving net income to $12.57 million, or $1.81 per share. For the first half of 2026, revenue was $3.80 million versus $9.74 million in 2025, with a $3.10 million loss from continuing operations but $10.90 million net income after discontinued operations.

The April 2026 sale of SDC generated $17.40 million total consideration and a $13.50 million net gain, leaving CVD with $23.5 million in cash and no debt at June 30, 2026. Working capital was $25.8 million. Backlog declined to $3.9 million, and bookings for Q2 were about $1.2 million. The company expects existing cash, receivables, contract assets and backlog to cover its needs for at least 12 months, but highlights order volatility, customer concentration, and macro/geopolitical risks.

Rhea-AI Summary

CVD Equipment Corporation reported a sharp downturn in its core business while completing a major divestiture. For the quarter ended March 31, 2026, revenue from continuing operations fell to $1.8 million from $6.3 million, driving gross margin down to 8.0% and a net loss of $1.7 million from continuing operations. Including discontinued operations, the company recorded an overall net loss of $1.7 million versus net income of $0.4 million a year earlier.

The company sold its SDC business division for $16.9 million in cash, generating net proceeds of $14.8 million and lifting cash to about $23 million after closing, with no long‑term debt. SDC contributed $2.4 million of revenue and $0.5 million of income before transaction costs in the quarter but is now reported as discontinued operations. Continuing bookings improved to roughly $1.8 million versus $0.8 million a year earlier, and backlog remained at $4.7 million, but management highlights significant uncertainty in key end markets such as silicon carbide wafers and aerospace.

Rhea-AI Summary

CVD Equipment Corporation (CVV) filed its Q3 2025 10‑Q, reporting revenue of $7.4 million and net income of $384 thousand, or $0.06 per diluted share. Gross margin improved to 32.7% from 21.5% as contract mix in the CVD Equipment segment improved, partly offset by lower MesoScribe revenues after that business ceased operations in 2024.

Year to date, revenue was $20.8 million with a net loss of $317 thousand. Cash and cash equivalents were $8.4 million at September 30, 2025. Bookings weakened: Q3 bookings were about $2.2 million and nine‑month bookings were about $9.5 million, while backlog declined to about $8.0 million from $13.2 million at June 30, 2025. Unrecognized contract revenue of approximately $5.3 million is expected to be recognized within 12 months under over‑time accounting.

On November 6, 2025, the Board approved a transformation strategy for the CVD Equipment division, targeting approximately $2.0 million in annual operating cost reductions, including a workforce reduction with about $0.1 million in severance. The plan also contemplates outsourced fabrication, revised sales channels, and exploration of strategic alternatives; the SDC division is not impacted.

Rhea-AI Summary

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.