CVD Equipment (CVV) Q2 Earnings Increase Y/Y, Gross Margin Down
Financial Performance: CVD Equipment Corporation reported a narrower loss per share of 11 cents in Q2 2024, with revenues increasing by 25.2% year-over-year to $6.3 million, driven mainly by the CVD Equipment and SDC segments, despite a significant decline in the CVD Materials segment.
Operational Highlights: The company’s backlog rose to $24 million, and while gross profit increased, gross margins contracted. Overall, CVD Equipment showed promising results with strong revenues and reduced net losses compared to the previous year.
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Zacks Analyst Insights: Alphabet, Tesla, Sony, Tredegar, and CVD Equipment
Zacks Analyst Blog Highlights: The Zacks Equity Research team featured stocks such as Alphabet Inc., Tesla, and Sony Group, providing insights into their recent performance and market trends, including Alphabet's strong growth in AI and cloud services.
Alphabet's Performance: Alphabet's shares have outperformed the industry, driven by significant growth in Google Cloud and AI product adoption, with a notable increase in new customers and revenue from generative AI models.
Tesla's Challenges and Opportunities: Tesla's stock has seen modest gains, but faces challenges with declining deliveries due to the end of EV tax credits and increased competition, although its Energy Generation unit and robotaxi service show promise.
Sony and Microcap Stocks: Sony's shares have performed well due to strong segments in gaming and music, while microcap stocks Tredegar and CVD Equipment show mixed results, with Tredegar rebounding in Q3 and CVD Equipment positioned for growth in advanced materials despite risks.
CVD Equipment Corporation to Report First Quarter 2025 Financial Results on May 13, 2025
Financial Results Announcement: CVD Equipment Corporation will release its financial results for Q1 2025 on May 13, 2025, after market close and will hold a conference call at 5:00 p.m. ET to discuss the results.
Company Overview: CVD Equipment Corporation specializes in chemical vapor deposition and thermal process equipment, serving markets such as aerospace, high power electronics, and energy storage, while also offering collaborative optimization services in their application laboratory.
