secwatch.observer — SEC 8-K summary
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Issuer:     CVD EQUIPMENT CORP (CVV)
CIK:        0000766792
Form:       8-K
Filed at:   2024-08-13T23:59:59+00:00
Accession:  0001493152-24-031583
Event type: earnings
Sentiment:  negative
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/766792/000149315224031583/0001493152-24-031583-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/766792/000149315224031583/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-031583

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