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CVD Equipment divests SDC for $17.4M, posts Q2 net income $12.6M on gain; core ops loss deepens
Sold SDC division April 1, 2026 for $17.4M; net cash proceeds ~$15.0M after costs and taxes.
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CVD Equipment Q1 continuing ops revenue down 70.9%; SDC sale completed with $23M cash
Q1 continuing ops revenue $1.8M, down 70.9% YoY; net loss ($1.7M) or ($0.25) per share.
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CVD Equipment sells SDC division for $16.9M cash; net proceeds ~$15.0M after costs
Sale to Atlas Copco subsidiary closed April 1, 2026; $900K placed in escrow for adjustments.
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CVD Equipment Q4 net loss $1.3M; revenue down 33%; enters agreement to sell SDC for $16.9M
Q4 net loss of $1.3M ($0.18/share) vs net income of $0.1M ($0.02/share) in prior year quarter.
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CVD Equipment agrees to sell SDC division to Atlas Copco for $16.9M
Purchase price of $16.9M in cash, subject to customary adjustments; net proceeds ~$15.0M after expenses and taxes.
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CVD Equipment Q3 net income $384k; revenue down 9.6%; announces cost-cutting plan to save $2M/year
Q3 revenue $7.4M (-9.6% YoY); net income $384k ($0.06 EPS) vs $203k ($0.03 EPS) year ago.
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CVD Equipment shareholders elect six directors, ratify CBIZ as auditor, approve say-on-pay
All six director nominees elected; highest for: Debra Wasser (2,549,366), lowest: Lawrence J. Waldman (2,527,172).
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CVD Equipment Q2 revenue $5.1M, down 19.4% YoY; net loss $1.1M vs $0.8M prior year
Revenue $5.1M (down 19.4% YoY); gross margin 21.0% vs 24.3%; net loss $1.1M ($0.15/sh) vs $0.8M.
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CVD Equipment Q1 revenue $8.3M (+69% YoY); net income $360K vs loss a year ago
Revenue $8.3M, up 69% YoY; gross margin improved to 32.4% from 16.2%.
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CVD Equipment changes auditor from Marcum to CBIZ CPAs after acquisition
Marcum resigned as independent auditor on April 25, 2025; CBIZ CPAs P.C. engaged with Audit Committee approval.
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CVD Equipment Q4 revenue $7.4M, net income $132k; FY net loss narrows to $1.9M
Q4 revenue $7.4M, up 80.3% YoY; net income $132k ($0.02/share) vs loss $2.3M ($0.33) prior year.
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CVD Equipment Q3 revenue $8.2M (+31% YoY); net income $0.2M vs loss $0.8M
Revenue $8.2M, up 31.4% YoY; net income $0.2M ($0.03 EPS) vs net loss $0.8M ($0.30 loss) prior year.
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CVD Equipment Q2 revenue $6.3M (+25% YoY), net loss narrows to $0.8M
Revenue $6.3M, up 25.2% YoY on higher system and SDC revenues; gross margin 25.4% declined from prior year.
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CVD Equipment shareholders elect all six directors, ratify auditor, approve say-on-pay at 2024 annual meeting
All six director nominees elected: Lawrence Waldman, Emmanuel Lakios, Andrew Africk, Robert Brill, Ashraf Lotfi, Debra Wasser.
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Director Raymond Nielsen to retire from CVD Equipment board; not seeking reelection
Raymond A. Nielsen notified board on June 20, 2024, of retirement due to personal and business commitments.
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CVD Equipment appoints largest shareholder Andrew Africk to Board of Directors
Board expanded from six to seven directors; effective May 28, 2024.
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CVD Equipment Q1 revenue falls 43% to $4.9M; net loss $1.5M
Revenue $4.9M, down 43.4% YoY; operating loss $1.6M; net loss $1.5M ($0.22/sh) vs net loss $0.04M prior year.
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CVD Equipment Q4 revenue down 43% YoY to $4.1M; net loss $2.3M vs prior-year income
Q4 revenue $4.1M, down 43.2% YoY; gross margin negative 8.5% due to cost overruns on a large contract.
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CVD Equipment Q3 revenue down 23% to $6.2M; net loss $0.8M vs prior-year profit
Revenue $6.2M, down 23.2% YoY; net loss $0.8M ($0.11 per share) vs net income $63k ($0.01) last year.
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CVD Equipment appoints Dr. Ashraf Lotfi to Board, expands from five to six directors
Dr. Ashraf Lotfi appointed to CVD Equipment's Board effective August 18, 2023; board expanded from five to six members.
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CVD Equipment Q2 revenue $5.1M (-12.7% YoY); net loss $1.1M; orders $12.9M
Q2 2023 revenue $5.1M, down 12.7% YoY; net loss $1.1M ($0.16/sh) vs loss $0.8M ($0.12) prior year.
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CVD Equipment shareholders elect all five director nominees, ratify auditor, approve say-on-pay at 2023 Annual Meeting
Director nominees Emmanuel Lakios, Lawrence J. Waldman, Debra Wasser, Raymond A. Nielsen, and Robert M. Brill each elected with over 2.5M votes in favor.
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Director Conrad Gunther to retire from CVD Equipment Board, not seeking reelection at 2023 annual meeting
Conrad Gunther, Compensation Committee chair, notified Board of retirement due to personal and business commitments.
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CVD Equipment sells Tantaline subsidiary; expects ~$250K loss in Q2 2023
Tantaline sold for nominal upfront plus 10% of net profit royalty over 5 years.
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CVD Equipment Q1 revenue up 87% to $8.7M, net loss narrows to $40k
Revenue of $8.7 million, 87% higher YoY; net loss of $40k ($0.01/sh) vs $1.0M loss in Q1 2022.
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CVD Equipment Q4 revenue $7.2M, net income $1.5M on $1.5M ERC credit; FY revenue up 57%
Q4 revenue $7.2M; operating loss $221K; net income $1.5M ($0.23 EPS); includes $1.5M Employee Retention Credit.
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CVD Equipment Q3 revenue $8.1M (+88%), operating income positive; $28.5M sale-leaseback terminated
Q3 revenue $8.1M (+88% YoY); operating income $122,275 vs. operating loss in prior quarters.
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CVD Equipment extends due diligence on $28.5M headquarters sale-leaseback to Nov 11
Due diligence period extended first to Nov 4, 2022, then to Nov 11, 2022 via two amendments.
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CVD Equipment sells Central Islip facility for $28.5M, leases back for 10 years
Sale price $28.5M; net cash proceeds estimated >$20M after taxes/fees to strengthen balance sheet and fund growth.
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CVD Equipment CFO Thomas McNeill resigns; Richard Catalano appointed
Thomas McNeill resigned as CFO, EVP, Secretary, Treasurer effective Aug 30, 2022; no dispute or disagreement.
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CVD Equipment Q2 revenue $5.8M (+44% YoY); net loss $0.8M; backlog $16.7M up 60.5%
Q2 2022 revenue $5.8M vs $4.0M a year ago (+44.0%); net loss $0.8M ($0.12 diluted) vs net income $1.5M ($0.22) in Q2 2021 which included $2.4M PPP loan forgiveness gain.
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CVD Equipment reports 2022 annual meeting results; all director nominees elected
All five director nominees elected with at least 2.55M for each; Raymond Nielsen had 369K withheld.
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CVD Equipment orders surge 73% in H1 2022 to $16.7M, driven by EV demand
Orders for first half 2022: $16.7M vs $9.7M in H1 2021, a 73.2% increase.
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CVD Equipment Q1 rev $4.7M (+38% YoY); net loss $1.0M ($0.15/sh); orders of 19 systems in 4 months
Q1 2022 revenue $4.7M, up 38.3% YoY from $3.4M; net loss $1.0M ($0.15/sh) vs loss $1.5M ($0.23) prior year.
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CVD Equipment Q4 revenue $4.7M (+49% YoY); net loss $0.18/share; full-year net income $0.71/share
Q4 revenue $4.7M vs $3.2M in Q4 2020 (+48.8%); operating loss narrowed to $1.2M from $5.4M (incl. $3.6M impairment in 2020).
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CVD Equipment reports 75% increase in 2021 orders to $21M, led by nano materials demand
Orders exceeded $5M in Q4 2021 and $21M total for 2021, up 75% vs 2020.
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CVD Equipment reports Q3 net income of $6.0M on $4.3M revenue; includes $6.9M building gain
Revenue $4.3M (+8.4% YoY); operating loss improved to $(0.9)M from $(1.4)M.
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CVD Equipment Corp approves director compensation plan with annual cash and equity of $40,000 each
Annual Board Cash Compensation set at $40,000; Annual Equity Retainer also $40,000 (stock or options).
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CVD Equipment Q2 net income $1.5M vs loss; revenue up 8.5%; facility sale boosts cash >$18M
Q2 revenue $4.0M (+8.5% YoY); net income $1.5M ($0.22 diluted EPS) vs loss of $1.1M in Q2 2020.
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CVD Equipment completes sale of 555 Building for $24.36M, net proceeds ~$14M
Sold 555 North Research Place for $24.36M; closed July 26, 2021.
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CVD Equipment COO Steven Aragon resigns; separation agreement includes $46,250 severance
COO Steven Aragon resigned effective July 16, 2021; separation agreement signed July 20.
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CVD Equipment discloses preliminary Q2 2021 order level of $6M at annual meeting
All five director nominees elected with majority votes; Marcum LLP ratified as auditor.