earnings
confidence high
sentiment positive
materiality 0.75
CVD Equipment Q1 rev $4.7M (+38% YoY); net loss $1.0M ($0.15/sh); orders of 19 systems in 4 months
CVD EQUIPMENT CORP
2022-Q1 EPS reported
-$0.15
revenue$4,655,727
- Q1 2022 revenue $4.7M, up 38.3% YoY from $3.4M; net loss $1.0M ($0.15/sh) vs loss $1.5M ($0.23) prior year.
- Operating loss improved to $1.0M from $1.6M, aided by higher sales, product mix, lower legal/building costs.
- Backlog $9.9M at March 31, 2022 (down 4.8% from Dec 31); new Q1 orders $4.1M.
- Repaid remaining $1.7M mortgage on 355 facility March 1, 2022; company now debt-free.
- Through April 30, 2022, orders exceeded $11M, including 14 PVT-150 systems for SiC growth and 5 other systems.