secwatch.observer — SEC 8-K summary
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Issuer:     CVD EQUIPMENT CORP (CVV)
CIK:        0000766792
Form:       8-K
Filed at:   2024-03-28T23:59:59+00:00
Accession:  0001493152-24-011738
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CVD Equipment Q4 revenue down 43% YoY to $4.1M; net loss $2.3M vs prior-year income
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- Q4 revenue $4.1M, down 43.2% YoY; gross margin negative 8.5% due to cost overruns on a large contract.
- Q4 net loss $2.3M ($0.33 per share) vs net income $1.5M ($0.23) in prior-year Q4, which included $1.5M ERC benefit.
- FY2023 revenue $24.1M, down 6.6%; net loss $4.2M ($0.62 per share) vs net loss $0.2M ($0.03) prior year.
- Q4 orders $5.8M; secured $2.1M aerospace order and $1.0M SDC gas-delivery order; backlog $18.4M.
- Post-period: $10M multisystem order for SiC CVD coating reactor from industrial customer; second PVT200 evaluation customer.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/766792/000149315224011738/0001493152-24-011738-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/766792/000149315224011738/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-011738

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