CVD EQUIPMENT (CVV) Company Report

CVD Equipment Corporation reported Q3 2025 revenue of $7.4 million, a 9.6% decrease from the prior year quarter but a 44.9% increase compared to Q2 2025, with net income of $384,000 or $0.06 per diluted share.
Orders for the first nine months of 2025 totaled $9.5 million, a significant decrease from $21 million in the same period last year, resulting in a backlog of $8 million as of September 30, 2025.
The company's Board of Directors approved a comprehensive transformation strategy to reduce fixed operating costs, including transitioning to outsourced fabrication and a workforce reduction in the CVD Equipment Division by year-end 2025, projected to save approximately $2 million annually starting in 2026.
As of September 30, 2025, cash and cash equivalents stood at $8.4 million, with $4.1 million net cash used in operating activities for the first nine months of 2025.

Nov 10, 2025, 10:00 PM

CVD Equipment Corporation Announces Q3 2025 Financial Results and Strategic Initiatives

CVV

Earnings

Layoffs

M&A

CVD Equipment Corporation reported Q3 2025 revenue of $7.4 million, a 9.6% decrease from the prior-year quarter, and net income of $384,000, or $0.06 per basic and diluted share.
The company's gross margin improved to 32.7% in Q3 2025, up from 21.5% in the prior-year quarter.
Orders for Q3 2025 were $2.2 million, and the backlog stood at $8.0 million as of September 30, 2025, compared to $13.2 million as of June 30, 2025.
The Board of Directors approved a 'transformation' strategy on November 6, 2025, which includes a workforce reduction in the CVD Equipment division expected to reduce annual operating costs by approximately $2.0 million in fiscal 2026, and a transition to outsourced fabrication.
The company is also exploring strategic alternatives for businesses and product lines, including the potential sale or divestiture of assets or business lines.