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) 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.
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.
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