secwatch.observer — SEC 8-K summary
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Issuer:     CVD EQUIPMENT CORP (CVV)
CIK:        0000766792
Form:       8-K
Filed at:   2025-11-10T23:59:59+00:00
Accession:  0001493152-25-021501
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CVD Equipment Q3 net income $384k; revenue down 9.6%; announces cost-cutting plan to save $2M/year
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- Q3 revenue $7.4M (-9.6% YoY); net income $384k ($0.06 EPS) vs $203k ($0.03 EPS) year ago.
- Gross margin improved to 32.7% from 21.5% on better contract mix.
- Orders $2.2M; backlog fell to $8.0M from $13.2M at June 30.
- Board approved transformation: move to outsourced fabrication; workforce reduction in CVD Equipment division expected to save ~$2M annually in FY2026.
- Estimated severance charges of ~$0.1M; plan completion by Dec 31, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/766792/000149315225021501/0001493152-25-021501-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/766792/000149315225021501/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-021501

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