secwatch.observer — SEC 8-K summary
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Issuer:     CVD EQUIPMENT CORP (CVV)
CIK:        0000766792
Form:       8-K
Filed at:   2023-11-14T23:59:59+00:00
Accession:  0001493152-23-041030
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CVD Equipment Q3 revenue down 23% to $6.2M; net loss $0.8M vs prior-year profit
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- Revenue $6.2M, down 23.2% YoY; net loss $0.8M ($0.11 per share) vs net income $63k ($0.01) last year.
- Operating loss $1.0M; gross margin 25.6% vs 29.8% due to lower revenue and mix.
- Orders $4.1M, backlog $16.6M (down from $18.8M at June 30, 2023).
- Contract modification changed revenue recognition from point-in-time to over time, adding $0.8M to Q3 revenue.
- MesoScribe asset sale of $0.9M expected to close within three months; board added two directors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/766792/000149315223041030/0001493152-23-041030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/766792/000149315223041030/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-041030

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