CVD Equipment reports Q3 net income of $6.0M on $4.3M revenue; includes $6.9M building gain

CVD EQUIPMENT CORP

2021-Q3 EPS reported $0.89 revenue$11,729,727

Revenue $4.3M (+8.4% YoY); operating loss improved to $(0.9)M from $(1.4)M.
Net income $6.0M ($0.89/diluted share) vs net loss $(1.3)M ($(0.19)) in Q3 2020.
Includes $6.9M gain on sale of building and $2.4M gain on PPP loan extinguishment.
Backlog grew to $9.9M from $8.1M at June 30, 2021; received five system orders in Q3.
Two EV battery nano-material system orders, one from OneD Battery Sciences; supply chain disruptions flagged.

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