CVD Equipment Corp
NASDAQ:CVV
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CVD Equipment Corp
CVD Equipment Corp. engages in the design, development, and manufacture of chemical vapor deposition, gas control, and other state-of-the-art equipment and process solutions. The company is headquartered in Central Islip, New York and currently employs 113 full-time employees. The Company’s segments include CVD/First Nano, SDC, and CVD Materials. The CVD/First Nano supplies chemical vapor deposition systems for use in the research, development and manufacturing of aerospace, medical components, semiconductors, light-emitting devices (LEDs), battery nanomaterial, carbon nanotubes, nanowires, solar cells, and a number of other industrial applications. The SDC segment designs and manufactures ultra-high purity gas and chemical delivery control systems for semiconductor fabrication processes, solar cells, LEDs, carbon nanotubes, and nanowires. The CVD Materials segment includes elements and product groups, such as Tantaline and MesoScribe. Tantaline treatment is a diffusion-bonded protective layer of tantalum formed by chemical vapor deposition on the surface of common materials.
CVD Equipment Corp. engages in the design, development, and manufacture of chemical vapor deposition, gas control, and other state-of-the-art equipment and process solutions. The company is headquartered in Central Islip, New York and currently employs 113 full-time employees. The Company’s segments include CVD/First Nano, SDC, and CVD Materials. The CVD/First Nano supplies chemical vapor deposition systems for use in the research, development and manufacturing of aerospace, medical components, semiconductors, light-emitting devices (LEDs), battery nanomaterial, carbon nanotubes, nanowires, solar cells, and a number of other industrial applications. The SDC segment designs and manufactures ultra-high purity gas and chemical delivery control systems for semiconductor fabrication processes, solar cells, LEDs, carbon nanotubes, and nanowires. The CVD Materials segment includes elements and product groups, such as Tantaline and MesoScribe. Tantaline treatment is a diffusion-bonded protective layer of tantalum formed by chemical vapor deposition on the surface of common materials.
Revenue Drop: Second quarter revenue was $5.1 million, down 19.4% year-over-year and 38.5% from the previous quarter.
Orders & Backlog: Q2 orders came in at $4.5 million, with backlog decreasing slightly to $13.2 million at quarter end.
Profitability: The company posted a net loss of $1.1 million ($0.15 per share), larger than last year’s Q2 loss.
Cost Pressures: Management is seeing inflationary pressure from tariffs on imported components, affecting cost of goods sold.
New Product: The first CVD4000 silicon carbide coating reactor system shipped in July, with two more scheduled for the next year.
Guidance: Management believes current cash and projected cash flow are sufficient for the next 12 months and remains focused on expense management.
