CVD Equipment Q3 revenue $8.2M (+31% YoY); net income $0.2M vs loss $0.8M

CVD EQUIPMENT CORP

2024-Q3 EPS reported -$0.30 revenue$19,462,000

Revenue $8.2M, up 31.4% YoY; net income $0.2M ($0.03 EPS) vs net loss $0.8M ($0.30 loss) prior year.
Operating income $77K vs $1.0M operating loss; gross margin improved but offset by $1.0M PVT150 inventory writedown.
Backlog $19.8M at Sep 30, 2024, down from $24.0M at Jun 30 but up from $18.4M at Dec 31, 2023.
MesoScribe subsidiary ceased operations after final orders, booked $0.6M gain on equipment sale.
Received $3.5M follow-on order for CVI/CVD3500 system from existing aerospace customer in early November.

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