CVD Equipment (CVV) Reports Q3 Loss of $0.11

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CVD Equipment Corporation Reports Third Quarter 2023 Financial Results

November 14, 2023 4:05 PM EST

CENTRAL ISLIP, N.Y--(BUSINESS WIRE)-- CVD Equipment Corporation (NASDAQ: CVV), today announced its financial results for the third quarter ended September 30, 2023.

Emmanuel Lakios, President and CEO of CVD Equipment Corporation, commented, As previously communicated, our order and revenue levels have historically fluctuated, which is often typical in the highly cyclical process equipment industry. As such, while we saw a year over year decline in third quarter revenue of $1.9 million, our year-to-date 2023 revenue of $20.0 million was 7.6% higher than the corresponding period in the prior fiscal year. While we are disappointed with... More