CVD Equipment Corp Faces Decline in Revenue and Cash Reserves Amid Q2 Earnings Call

CVD Equipment Corporation reported a 19.2% year-to-date revenue increase but a 19.4% Q2 revenue decline and a 38.5% Q1-Q2 revenue decrease. Orders for the first six months of 2025 dropped to $7.3 million, down from $16.9 million in 2024. The company reported an operating loss of $1.1 million and a net loss of $1.1 million or $0.15 per share, with cash and cash equivalents decreasing to $7 million from $12.6 million. CVD Equipment is focusing on key markets and managing expenses despite proposed tariffs and other uncertainties.

CVD Equipment Corporation (NASDAQ: CVV) reported mixed financial results for the second quarter (Q2) 2025, with a significant decline in revenue and increased operating losses compared to the prior year. The company's revenue for Q2 2025 was $5.1 million, a 19.4% decrease from the same period in 2024. Year-to-date (YTD) revenue, however, increased by 19.2% to $13.4 million [1].

The company's operating loss for Q2 2025 was $1.1 million, compared to a net loss of $0.8 million during the same period in 2024. This resulted in a net loss per share of $0.15, up from $0.11 per share in 2024. The company's cash and cash equivalents decreased to $7.0 million as of June 30, 2025, down from $12.6 million at the end of 2024 [1].

CVD Equipment's orders for the first six months of 2025 were $7.3 million, a decrease of 57.4% compared to the same period in 2024. The company's backlog as of June 30, 2025, was $13.2 million, down from $13.8 million at the end of March 2025 [1].

The company's President and CEO, Emmanuel N. Lakios, attributed the lower bookings and revenue to uncertainties related to proposed tariffs, reduced U.S. government funding for universities, the timing of the adoption of their products, and the dynamic nature of the emerging markets they serve [1].

Lakios highlighted the shipment of the first CVD4000 silicon carbide coating reactor system to an industrial customer in early July 2025. He also mentioned that the remaining two systems of the three-system order are planned for shipment over the next 12 months [1].

Despite the challenges, CVD Equipment remains focused on its key markets, including aerospace and defense, silicon carbide (SiC) high-power electronics, electric vehicle (EV) battery materials, and industrial applications. The company is also actively managing its expenses and headcount to support its goal of achieving sustained profitability and positive cash flow [1].

References:

[1] https://www.nasdaq.com/press-release/cvd-equipment-corporation-reports-second-quarter-2025-financial-results-2025-08-12