---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-018875"
form_type: "8-K"
ticker: "CVV"
cik: "0000766792"
company_name: "CVD EQUIPMENT CORP"
filed_at: "2024-05-13T23:59:59+00:00"
generated_at: "2026-06-02T02:59:29.075997+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# CVD Equipment Q1 revenue falls 43% to $4.9M; net loss $1.5M

## Summary
- Revenue $4.9M, down 43.4% YoY; operating loss $1.6M; net loss $1.5M ($0.22/sh) vs net loss $0.04M prior year.
- Gross profit margin 17.5%, impacted by lower margins on some contracts at CVD Equipment segment.
- Orders in Q1 totaled $13.5M, driven by aerospace and SDC gas delivery; backlog rose to $27.1M from $18.4M.
- Key orders: PVT200 system for SiC crystal growth from new customer; ~$10M multi-system order for SiC coating reactors.
- Implemented workforce reduction in Jan 2024 to cut costs; cash and equivalents $11.9M as of Mar 31, down from $14.0M.

## SEC filing metadata
- accession: 0001493152-24-018875
- form_type: 8-K
- ticker: CVV
- cik: 0000766792
- company_name: CVD EQUIPMENT CORP
- filed_at: 2024-05-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/766792/000149315224018875/0001493152-24-018875-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/766792/000149315224018875/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-018875
- JSON: https://secwatch.observer/filing/0001493152-24-018875.json
- Plain text: https://secwatch.observer/filing/0001493152-24-018875.txt

## Key facts
- Earnings Releases
  CVD EQUIPMENT CORP reported first quarter ended March 31, 2024 results: revenue $4.9 million, net income Net loss of $1.5 million, EPS $0.22 basic and diluted share.
  - Period: first quarter ended March 31, 2024
  - Revenue: $4.9 million
  - Net income: Net loss of $1.5 million
  - EPS: $0.22 basic and diluted share
  - Result: reported results
  source text: its financial results for the first quarter ended March 31, 2024. Manny Lakios, President and CEO of CVD Equipment Corporation, commented, “First quarter 2024 revenue was $4.9 million, down significantly versus the prior year period, as our business continues to experience fluctuations in revenue given the nature of the emerging growth end markets we serve.
  evidence_url: https://www.sec.gov/Archives/edgar/data/766792/000149315224018875/0001493152-24-018875-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.