secwatch.observer — SEC 8-K summary
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Issuer:     CVD EQUIPMENT CORP (CVV)
CIK:        0000766792
Form:       8-K
Filed at:   2023-04-10T23:59:59+00:00
Accession:  0001437749-23-009836
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CVD Equipment Q4 revenue $7.2M, net income $1.5M on $1.5M ERC credit; FY revenue up 57%
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- Q4 revenue $7.2M; operating loss $221K; net income $1.5M ($0.23 EPS); includes $1.5M Employee Retention Credit.
- FY2022 revenue $25.8M (+57% YoY); net loss $224K vs net income $4.7M in FY2021 (which included $6.9M building sale gain).
- Bookings $33.1M for FY2022; backlog $17.8M at Dec 31; cash $14.4M.
- CEO highlights demand for SiC wafer PVT150 systems (30 units ordered from one US customer), battery materials, and aerospace CVI systems.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/766792/000143774923009836/0001437749-23-009836-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/766792/000143774923009836/cvv20230324_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-009836

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