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Stock impact report

CVD Equipment (CVV) Q2 Earnings Increase Y/Y, Gross Margin Down [Yahoo! Finance]

CVD Equipment Corporation (CVV) 
US:NASDAQ Investor Relations: cvdequipment.com/company/investor-relations
Company Research Source: Yahoo! Finance
Revenues in Detail CVD Equipment registered revenues of $6.3 million in the second quarter, up 25.2% year over year. The increase in year-over-year revenues was primarily attributable to higher revenues from the CVD Equipment segment and an increase in revenues from the SDC segment. This was offset by a decrease in the CVD Materials segment. Revenues from one aerospace customer for the three months ended Jun 30, 2024, represented 35.2% of the company's total revenues and 54.3% of CVD Equipment segment revenues. CVD Equipment's backlog at Jun 30, 2024, was $24 million compared with $18.4 million at the end of Dec 31, 2023. Segment Details CVD Equipment derives revenues from three segments — CVD Equipment, SDC and CVD Materials. For the quarter under review, CVD Equipment revenues were $4.1 million, up 31% from the year-ago quarter. This primarily resulted from increases in revenues from aerospace contracts in progress, partially offset by lower revenues for PVT150 system Show less Read more
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