Business
CVD Equipment Corporation Reports Fourth Quarter and Fiscal Year 2025 Results
Entered Into Definitive Agreement for the Sale of its SDC Division in First Quarter of 2026 as Previously Announced CENTRAL ISLIP, N.Y.--(BUSINESS WIRE)--
About this update from Cvd Equipment Corporation
[{"type":"text","content":"\nEntered Into Definitive Agreement for the Sale of its SDC Division in First Quarter of 2026 as Previously Announced\n\n\n CENTRAL ISLIP, N.Y.--(BUSINESS WIRE)--\nCVD Equipment Corporation (NASDAQ: CVV) (the “Company”) today reported financial results for the fourth quarter and fiscal year ended December 31, 2025.\n\n\nFourth Quarter 2025 Performance\n\n\n\nOrders: $3.5 million, driven primarily by demand in our SDC business division for gas delivery equipment and the receipt of orders for two PVT 150 units from Stony Brook University in support of their new semiconductor research center “onsemi Research Center for Wide Bandgap Materials”.\n\n\n\nRevenue: $5.0 million, down 33.1% year over year, primarily reflecting lower CVD system revenue in the quarter.\n\n\n\nBacklog: $6.6 million at December 31, 2025, compared with $8.0 million at September 30, 2025.\n\n\n\nGross margin: 22.1% versus 26.4% in the prior year quarter, primarily due to lower CVD system revenue.\n\n\n\nOther charges and income: $0.2 million impairment charge in the current year quarter, compared with other income of $0.1 million in the prior year quarter.\n\n\n\nNet loss: ($1.3 million), or ($0.18) per basic and diluted share, compared with net income of $0.1 million, or $0.02 per basic and diluted share, in the prior year quarter.\n\n\n\nAs previously announced, the Company implemented a workforce reduction within the CVD Equipment division during the fourth quarter that is expected to reduce annual operating costs by approximately $1.8 million in fiscal 2026.\n\n\n\nThe Company also implemented an updated sales strategy for the CVD Equipment business, leveraging distributors and external sales representatives to complement internal sales resources.\n\n\n\nFiscal Year 2025 Performance\n\n\n\nOrders: $13.0 million, driven primarily by demand in our SDC business division for gas delivery equipment and orders for spare parts and service for our CVD Equipment division.\n\n\n\nRevenue: $25.8 million, down 4.1% year over year, primarily reflecting lower SDC revenue and lower MesoScribe revenue following the cessation of its operations in 2024.\n\n\n\nGross margin: 28.3% versus 22.5% in the prior fiscal year, a $1.6 million charge for excess and obsolete inventory was recorded in the prior fiscal year.\n\n\n\nNet loss: ($1.6 million), or ($0.23) per basic and dilute...