CVD Equipment Q1 continuing ops revenue down 70.9%; SDC sale completed with $23M cash

CVD EQUIPMENT CORP

2026-Q1 EPS reported -$0.24 revenue$1,844,000

Q1 continuing ops revenue $1.8M, down 70.9% YoY; net loss ($1.7M) or ($0.25) per share.
Orders $1.8M, up from $0.8M; backlog $4.7M flat.
Gross margin fell to 8.0% from 27.4% due to lower system revenue.
Sale of SDC division completed Apr 1 for net cash $14.8M; cash ~$23M, no long-term debt.
Workforce reduction expected to save ~$1.8M in FY2026 operating costs.

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