CVD Equipment Q1 revenue up 87% to $8.7M, net loss narrows to $40k

CVD EQUIPMENT CORP

2023-Q1 EPS reported -$0.01 revenue$8,695,000

Revenue of $8.7 million, 87% higher YoY; net loss of $40k ($0.01/sh) vs $1.0M loss in Q1 2022.
Operating loss of $0.19 million; cash and equivalents $11.0 million as of March 31, 2023.
Bookings of $2.9 million in Q1; backlog decreased to $12.0M from $17.8M at Dec 31, 2022.
Received $1.8M repeat order for PowderCoat1100 system in early May 2023 for battery anode application.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CVD EQUIPMENT CORP reported first quarter ended March 31, 2023 results: revenue $8.7 million, net income Net loss of $40,000, EPS $0.01 basic and diluted share.

Period: first quarter ended March 31, 2023
Revenue: $8.7 million
Net income: Net loss of $40,000
EPS: $0.01 basic and diluted share
Result: reported results

Exact text from the filing

- CVD Equipment Corporation (NASDAQ: CVV), today announced its financial results for the first quarter ended March 31, 2023. First Quarter 2022 Financial Results ■ Revenue of $8.7 million ■ Operating loss of $0.19 million ■ Net loss of $40,000 or $0.01 basic and diluted share ■ Bookings of $2.9 million ■ Backlog as of March 31, 2023 of $12.0 million ■ Cash and

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Source: SEC EDGAR

accession 0001437749-23-014564

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