Frank Giordano's questions to CVD EQUIPMENT (CVV) leadership • Q2 2025
Question
The analyst inquired about a client under a non-disclosure agreement (NDA), asking if they are domestic or international due to tariff concerns. He also asked about the impact of tariffs on orders and the revenue recognition timing for a specific delivery made in July.
Answer
The company executive clarified that the specific NDA client is domestic. While they have both domestic and international clients with NDAs, the majority of current orders are U.S.-based. Tariffs do have an impact on the cost of components, but the company is managing it. Revenue for the July delivery is recognized over time as the product is built, not all in the third quarter.