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 (symbol: CVV) designs, develops, and manufactures a wide range of chemical vapor deposition (CVD), gas control, and other advanced equipment and process solutions. These innovative tools are utilized in the development and production of materials and coatings for both research and industrial applications. The company's equipment supports numerous sectors, including aerospace, medical, semiconductor, solar, smart glass, carbon nanotubes, nanowires, LEDs, and MEMS.
CVD Equipment Corp's operations are divided into three core segments: CVD Equipment, CVD Materials, and Stainless Design Concepts. The CVD Equipment segment is the primary revenue generator, focusing on the manufacture and sale of CVD, physical vapor transport, and similar apparatus. This segment's equipment is vital for producing semiconductors and other electronic components.
Through its application laboratory, CVD Equipment Corp provides process development support and startup assistance, aiming to enable the technologies of tomorrow. Its wholly-owned subsidiary, CVD Materials Corporation, offers advanced metal surface treatments and coatings. These services cater to high-demand markets such as biomedical, petroleum, and pharmaceuticals.
Recent achievements and ongoing projects highlight CVD Equipment Corp's significant role in advancing technology. Partnerships with leading industry players and research institutions further bolster the company's innovative capabilities and market reach.
For the latest updates and news on CVD Equipment Corporation, including financial performance, recent events, and new developments, continue following our updates on StockTitan.
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.
CVD Equipment Corporation (NASDAQ: CVV) has announced a sale-leaseback agreement for its Central Islip, New York facility, with a purchase price of $28.5 million. Following due diligence, expected net cash proceeds exceeding $20 million will strengthen the company's balance sheet and fund growth opportunities. The leaseback will last for 10 years with annual rent starting at $1.548 million and increasing by 3% yearly. The transaction is subject to the purchaser's due diligence, which has a 30-day completion window.
CVD Equipment Corporation (NASDAQ: CVV) has appointed Richard Catalano as Chief Financial Officer, effective August 30, 2022. With over 35 years of experience in accounting and finance, Catalano previously served at KPMG LLP, where he led the Metro New York Healthcare and Life Sciences Practice. His extensive background in public company financial advisory positions him as a key asset for CVD Equipment as it continues to develop innovative equipment and solutions for various industries.
CVD Equipment Corporation (NASDAQ: CVV) reported a 44% revenue increase in Q2 2022, totaling $5.8 million, compared to $4.0 million in Q2 2021. Despite this growth, the company faced a net loss of $0.8 million ($0.12 per share), reversing a net income of $1.5 million in the same quarter last year. For the first half of 2022, revenue climbed 41.4% to $10.5 million, but the net loss deepened to $1.8 million. The company noted supply chain challenges and rising costs affecting future profit margins, although backlog increased 60.5% to $16.7 million as of June 30, 2022.
CVD Equipment Corporation (NASDAQ: CVV) will release its second quarter 2022 results after market close on August 15, 2022. The management will discuss these results during a conference call at 5:00 PM ET. Interested participants can join the live call via dial-in or access a replay for up to seven days. A webcast of the call will also be available on the company's website shortly after the live event, providing an opportunity for stakeholders to stay informed on the company's performance.
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