CVV News & Events

Reports Q3 revenue $7.4M vs. $8.2M last year. Manny Lakios, President and CEO of CVD Equipment Corporation, commented, "Our bookings during the third quarter remained impacted by several factors, including the uncertainties related to proposed tariffs, reduced US government funding for universities, and the effects of the government shutdown as well as a lag in the adoption of our products within the emerging growth markets we serve. We are actively monitoring the evolving customer demand, geopolitical landscape and potential tariff impacts and planning accordingly."

CVD Equipment "announced that they received an order for two PVT150(TM) Physical Vapor Transport Systems from Stony Brook University for their new semiconductor research center - "onsemi Silicon Carbide Crystal Growth Center". The recently launched research center will enable University faculty, scientists, and students to conduct research on silicon carbide crystal growth and other wide band gap (WBG) materials and device-enabling technologies critical to improving energy efficiency in power semiconductors and foster the next generation of skilled professionals in this field."

Reports Q1 revenue $8.2M vs. $4.9M last year. Manny Lakios, President and CEO of CVD Equipment Corporation, stated, "First quarter 2025 revenue was $8.3 million, up 69.0% versus the prior year quarter and up 12.2% from the fourth quarter of 2024. Revenue from our CVD Equipment segment was driven by revenue recognized principally from two contracts, one in the industrial market and one in aerospace. Our SDC segment continued to see strong demand for its gas delivery equipment. With the increased revenue and lower than expected orders in the quarter of $2.8 million, our backlog declined during the quarter from $19.4 million at December 31, 2024 to $13.8 million at March 31, 2025. Our net income for the quarter was $360,000. While the first quarter of 2025 represents the third consecutive quarter of net income, due to the nature of our business we expect that our order and revenue levels will continue to fluctuate given the markets we serve. In addition, the recent imposition of tariffs has presented us with new challenges and uncertainty as such tariffs may affect our costs of components and materials as well as contribute to economic uncertainty which may potentially affect our order rate. We are evaluating the tariff environment and planning accordingly. We are staying the course on our strategic efforts to maintain and grow our order rate, while carefully managing our expenses to achieve our goal of long-term profitability and positive cash flow, while simultaneously focusing on growth and return on investment."