secwatch.observer — SEC 8-K summary
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Issuer:     CVD EQUIPMENT CORP (CVV)
CIK:        0000766792
Form:       8-K
Filed at:   2022-03-31T23:59:59+00:00
Accession:  0001437749-22-007844
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/766792/000143774922007844/0001437749-22-007844-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/766792/000143774922007844/cvv20220330_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-007844

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