secwatch.observer — SEC 8-K summary
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Issuer:     CVD EQUIPMENT CORP (CVV)
CIK:        0000766792
Form:       8-K
Filed at:   2026-05-14T20:00:31+00:00
Accession:  0001493152-26-023041
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/766792/000149315226023041/0001493152-26-023041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/766792/000149315226023041/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-023041

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