secwatch.observer — SEC 8-K summary
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Issuer:     CVD EQUIPMENT CORP (CVV)
CIK:        0000766792
Form:       8-K
Filed at:   2021-08-16T23:59:59+00:00
Accession:  0001437749-21-020154
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CVD Equipment Q2 net income $1.5M vs loss; revenue up 8.5%; facility sale boosts cash >$18M
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- Q2 revenue $4.0M (+8.5% YoY); net income $1.5M ($0.22 diluted EPS) vs loss of $1.1M in Q2 2020.
- Gain on debt extinguishment of $2.4M from PPP loan contributed to Q2 profit.
- Sold facility for $24.4M, netting ~$14M; cash now exceeds $18M.
- Backlog improved to $8.0M at June 30, 2021, up from $6.0M at March 31, 2021.
- Received first CVD system order for EV battery nano-materials in July 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/766792/000143774921020154/0001437749-21-020154-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/766792/000143774921020154/cvv20210812_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-020154

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer