CVD Equipment Corporation filings document material events, operating results, shareholder voting matters, and governance disclosures for a Nasdaq-listed equipment manufacturer. Recent Form 8-K reports include results of operations and financial condition, as well as the completed disposition of the Stainless Design Concepts business division and related asset-sale and facility-lease disclosures.
The company’s proxy materials and annual meeting reports cover board elections, auditor ratification, advisory executive-compensation votes, and other shareholder matters. Its filings provide formal records for corporate actions, financial reporting updates, material agreements, and governance procedures tied to CVD’s chemical vapor deposition, thermal processing, and physical vapor transport equipment business.
CVD Equipment Corporation has completed the sale of substantially all assets of its Stainless Design Concepts division to a subsidiary of the Atlas Copco Group for approximately $16.9 million in cash, subject to customary adjustments. After expenses and taxes, net cash proceeds are about $15.0 million, with $900,000 held in escrow for potential post-closing adjustments and indemnification.
The company retained ownership of its Saugerties, New York facility and will lease it to the buyer for an initial two-year term, generating initial annual rent of $182,750. Pro forma data for the year ended December 31, 2025 show revenue from continuing operations of $18.2 million and a net loss of $3.1 million, reflecting the removal of SDC’s results.
CVD Equipment Corporation reported a challenging year while restructuring its business and agreeing to sell its SDC division. Revenue for 2025 fell by $1.1 million, or 4.1%, but gross profit rose $1.2 million, or 20.4%, helped by prior inventory charges not repeating. New bookings dropped sharply to $13.0 million from $28.1 million, and backlog declined to $6.6 million from $19.4 million, reflecting weaker demand for CVD Equipment systems. Cash decreased to $8.7 million from $12.6 million as the company navigated lower orders and transformation costs. In November 2025, the board approved a plan to shift CVD Equipment from vertically integrated fabrication to outsourced components, cut workforce and other expenses, and reduce annual operating costs by about $1.8 million, including $0.1 million of severance and $0.2 million of non-cash impairment. On March 23, 2026, CVD agreed to sell its SDC gas and chemical delivery business to a subsidiary of Atlas Copco for approximately $16.9 million in cash, expecting about $15.0 million in net proceeds, with $900,000 held in escrow, while retaining and leasing back the Saugerties facility.
CVD Equipment Corporation reported weaker results for the fourth quarter and full year 2025 and agreed to sell its SDC business division for approximately $16.9 million in cash. Fourth quarter 2025 revenue was $5.0 million, down 33.1% year over year, with a net loss of $1.3 million or $(0.18) per share.
For fiscal 2025, revenue was $25.8 million, down 4.1%, and the net loss narrowed to $1.6 million or $(0.23) per share. Cash and cash equivalents were $8.7 million at December 31, 2025. The SDC sale to Atlas Copco is expected to close in the second quarter of 2026, with net cash proceeds of about $15.0 million and $900,000 held in escrow. The company also executed a workforce reduction expected to lower annual operating costs by roughly $1.8 million in 2026 and plans to focus on its core CVD Equipment business.
CVD Equipment Corporation has signed a definitive agreement to sell all or substantially all assets of its Stainless Design Concepts (SDC) division to the Atlas Copco Group for $16.9 million in cash, subject to purchase price adjustments. About $900,000 of this amount will be held in escrow for post-closing adjustments and indemnification obligations.
The company expects net cash proceeds of approximately $15.0 million after expenses and taxes. CVD will retain ownership of its Saugerties, New York facility and lease it to the buyer for an initial term of two years after closing. Management states the divestiture aligns with previously announced strategic alternatives, is intended to strengthen the balance sheet, and will let CVD focus on its core equipment business in Central Islip, New York. The transaction is expected to close in the second quarter of 2026, subject to customary closing conditions.
CVD Equipment Corp received an amended Schedule 13G filing reflecting a significant but passive ownership position in its common stock. Investment entity Leviticus Partners LP and managing member Adam M. Hutt report beneficial ownership of 345,873 shares of CVD Equipment common stock. Item 4 states this represents 4.98% of the outstanding class, with sole voting and sole dispositive power over all reported shares and no shared power.
The filer certifies that the securities were acquired and are held in the ordinary course of business and are not intended to change or influence control of CVD Equipment, and are not part of any control-related transaction other than activities solely in connection with a nomination under the specified proxy rule.
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.
CVD Equipment Corporation filed a current report to share that it has released its financial results for the third quarter ended September 30, 2025. On November 10, 2025, the company issued a press release detailing its operations and financial condition for this period.
The press release is furnished as Exhibit 99.1 to this report under Item 2.02, meaning it is provided for informational purposes and is not deemed "filed" for liability purposes under Section 18 of the Securities Exchange Act of 1934. The filing was signed by Executive Vice President and Chief Financial Officer Richard Catalano.
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.
CVD Equipment Corporation filed a current report to share its latest quarterly results. The company furnished a press release announcing financial results for the second quarter ended June 30, 2025, which is attached as Exhibit 99.1 and incorporated by reference.
The disclosure is made under Item 2.02, Results of Operations and Financial Condition, meaning the focus is on recent performance and financial position. The company notes that the information, including the exhibit, is being furnished rather than filed, which limits certain legal liabilities under securities laws.
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.