secwatch.observer — SEC 8-K summary
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Issuer:     CVD EQUIPMENT CORP (CVV)
CIK:        0000766792
Form:       8-K
Filed at:   2023-08-14T23:59:59+00:00
Accession:  0001437749-23-023651
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CVD Equipment Q2 revenue $5.1M (-12.7% YoY); net loss $1.1M; orders $12.9M
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- Q2 2023 revenue $5.1M, down 12.7% YoY; net loss $1.1M ($0.16/sh) vs loss $0.8M ($0.12) prior year.
- Orders jumped to $12.9M; backlog $18.8M, up from $12.0M at March 31, 2023.
- Gross margin improved to 27.4%; non-recurring charges of $0.3M from Tantaline sale and MesoScribe wind-down.
- Received $8.7M in aerospace system orders and $1.8M battery nanomaterial system order.
- Cash $13.0M; sold Tantaline in May, entered agreement to sell MesoScribe assets for up to $0.9M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/766792/000143774923023651/0001437749-23-023651-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/766792/000143774923023651/cvv20230810_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-023651

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