secwatch.observer — SEC 8-K summary
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Issuer:     CVD EQUIPMENT CORP (CVV)
CIK:        0000766792
Form:       8-K
Filed at:   2022-08-15T23:59:59+00:00
Accession:  0001437749-22-020536
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CVD Equipment Q2 revenue $5.8M (+44% YoY); net loss $0.8M; backlog $16.7M up 60.5%
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- Q2 2022 revenue $5.8M vs $4.0M a year ago (+44.0%); net loss $0.8M ($0.12 diluted) vs net income $1.5M ($0.22) in Q2 2021 which included $2.4M PPP loan forgiveness gain.
- Operating loss improved to $0.9M from $1.1M in Q2 2021, driven by higher gross profit on increased sales and product mix.
- Backlog at June 30, 2022 was $16.7M, up 60.5% from $10.4M at Dec 31, 2021, due to $16.7M in new orders less $10.5M recognized revenue.
- H1 2022 CVD segment orders ~$13M, including 21 systems (14 PVT-150 systems for SiC growth, plus others for battery materials, advanced capacitors, superconductors).
- Company cites supply chain disruptions and inflationary cost pressures but expects aerospace improvement in late 2022-2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/766792/000143774922020536/0001437749-22-020536-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/766792/000143774922020536/cvv20220814_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-020536

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