CVD Equipment Q2 revenue $6.3M (+25% YoY), net loss narrows to $0.8M

CVD EQUIPMENT CORP

2024-Q2 EPS reported -$0.33 revenue$11,267,000

Revenue $6.3M, up 25.2% YoY on higher system and SDC revenues; gross margin 25.4% declined from prior year.
Net loss $0.8M ($0.11/shr) vs $1.1M ($0.16/shr) loss a year ago; operating loss $0.9M.
Backlog $24.0M at June 30, 2024, down from $27.1M at March 31, 2024; YTD orders $16.9M.
Cash $10.0M; CEO cited disappointing first-half performance and noted shipment of SiC PVT 200 system.

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