CVD Equipment Corporation Reports Q2 2025 Financial Results: Revenue Down 19.4%, Net Loss Increases to $1.1 Million

CVD Equipment Corporation reported Q2 2025 revenue of $5.1 million, down 19.4% YoY, and a net loss of $1.1 million or $0.15 per share. Orders for the quarter were $4.5 million, primarily driven by demand for gas delivery equipment. Backlog as of June 30, 2025 was $13.2 million, a decrease from $13.8 million in March. The company is closely monitoring customer demand and geopolitical developments.

CVD Equipment Corporation (NASDAQ: CVV) has announced its financial results for the second quarter ended June 30, 2025. The company reported a revenue of $5.1 million, representing a 19.4% year-over-year (YoY) decline. The net loss for the quarter was $1.1 million, equating to $0.15 per share. Orders for the quarter totaled $4.5 million, primarily driven by demand for gas delivery equipment. The backlog as of June 30, 2025, stood at $13.2 million, a decrease from $13.8 million at the end of March 2025 [2].

CVD Equipment Corporation designs, develops, and manufactures equipment and process solutions for industrial applications and research, including aerospace, defense, EV battery materials, and high-power electronics. The company's financial results provide insights into its performance during the second quarter of 2025, including revenue, earnings, and other key financial metrics. Investors will be looking for updates on the company's operations, market conditions, and future prospects [1].

The company's President and CEO, Manny Lakios, commented on the performance, stating that the bookings and revenue during the second quarter reflected several factors, including uncertainties related to proposed tariffs, reduced US government funding for universities, a lag in the adoption of their products, and the dynamic nature of the emerging growth markets they serve. Lakios noted that CVD Equipment Corporation is actively monitoring customer demand, geopolitical landscapes, and potential tariff impacts while planning accordingly [2].

The company's gross margin declined to 21.0% from 24.3% in the prior year quarter. Cash and cash equivalents as of June 30, 2025, stood at $7.0 million, compared to $12.6 million as of December 31, 2024. Accounts receivable increased by $3.6 million during the second quarter, reflecting the achievement of certain contract milestones expected to be collected in the third quarter [2].

CVD Equipment Corporation's second-quarter results highlight the company's operational performance and financial health. The company is closely monitoring customer demand and geopolitical developments, which may impact its future growth prospects. Investors are encouraged to participate in the conference call scheduled for August 12, 2025, starting at 5:00 PM ET, to gain further insights into the company's performance and outlook [1].

References:
[1] https://www.ainvest.com/news/cvd-equipment-corporation-announces-q2-2025-earnings-release-date-conference-call-details-2508/
[2] https://www.stocktitan.net/news/CVV/cvd-equipment-corporation-reports-second-quarter-2025-financial-5jhfzma57q8j.html