Financial update for Quarter 2 of 2025 announced by CVD Equipment Corporation
CVD Equipment Corporation Reports Q2 2025 Results
CVD Equipment Corporation (CVV) has reported its financial results for the second quarter of 2025, showing a decline in quarterly revenue and earnings compared to the same period last year.
The company reported a revenue of approximately $5.1 million for Q2 2025, marking a 19.4% decrease year-over-year. The net loss stood at about $1.1 million, or $0.15 per share, compared to a net loss of $0.8 million in the prior year quarter. Gross margin decreased to 21.0% from 24.3% in the same quarter last year [1][3][5].
However, on a year-to-date basis, revenue increased by 19.2% year-over-year to $13.4 million, with an improved gross margin of about 28.1%. Despite this improvement, the six-month period still resulted in a net loss of approximately $0.7 million [5].
Operationally, orders in Q2 2025 totaled $4.5 million, primarily driven by demand for gas delivery equipment. The backlog was $13.2 million as of June 30, 2025, slightly down from $13.8 million in March. Accounts receivable rose by $3.6 million in the quarter due to contract milestones, with collections expected in Q3 [1][3][5].
Liquidity showed cash and cash equivalents of $7.0 million at June 30, down from $12.6 million at year-end 2024. The company expects that cash, backlog, and receivables will be sufficient to fund operations for at least the next 12 months. Material risks include customer concentration in receivables, potential inventory write-downs, and exposure to tariffs and geopolitical issues [1][5].
The SDC segment of CVD Equipment Corporation experienced strong demand for its gas delivery systems in Q2 2025, but revenue was lower due to the timing of orders received.
The conference call reviewing CVD Equipment Corporation's Q2 2025 results is scheduled for August 12, 2025, at 5:00 PM ET. To join the call, dial 1-877-407-2991 or 1-201-389-0925. A live and archived webcast of the call will be available on the company's website at www.cvdequipment.com/events. The archived webcast will be available approximately two hours following the end of the conference call.
In other news, CVD Equipment Corporation shipped the first CVD4000TM SiC coating reactor system to an industrial customer in early July 2025. The company's focus remains on target markets such as aerospace & defense (ceramic matrix composites), silicon carbide (SiC) high-power electronics, electric vehicle (EV) battery materials (carbon nanotubes, graphene, and silicon nanowires), and industrial applications.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. The Company's Annual Report on Form 10-K for the year ended December 31, 2024, and the Company's other filings with the Securities and Exchange Commission contain potential risks and uncertainties that could cause actual results to differ materially from those discussed or anticipated by management.
[1] CVD Equipment Corporation, Condensed Consolidated Statements of Operations for the Three Months Ended June 30, 2025. [2] CVD Equipment Corporation, Condensed Consolidated Balance Sheets as of June 30, 2025. [3] CVD Equipment Corporation, Form 8-K, July 1, 2025. [4] CVD Equipment Corporation, Press Release, July 1, 2025. [5] CVD Equipment Corporation, Form 10-Q, July 15, 2025.
The decline in quarterly revenue and earnings, as reported by CVD Equipment Corporation in Q2 2025, may have an impact on the overall business performance within the industry. Despite the decreased net loss in the current quarter, the company still operates within the finance sector with a net loss of approximately $1.1 million for Q2 2025.
