CVD Equipment Q4 revenue $4.7M (+49% YoY); net loss $0.18/share; full-year net income $0.71/share

CVD EQUIPMENT CORP

2022-Q1 EPS reported -$0.15 revenue$4,655,727

Q4 revenue $4.7M vs $3.2M in Q4 2020 (+48.8%); operating loss narrowed to $1.2M from $5.4M (incl. $3.6M impairment in 2020).
Full-year 2021 revenue $16.5M, down 2.8% from $16.9M; net income $4.7M ($0.71 EPS) vs net loss $6.1M in 2020.
2021 net income includes $6.9M gain on sale of building and $2.4M gain on PPP loan forgiveness.
Backlog $10.4M at Dec 31, 2021, up 82% from $5.7M; new orders in 2021 totaled $21M, up 75% YoY.
Cash $16.7M, no debt after paying off $1.7M mortgage; supply chain risks noted.

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