CVD Equipment Corporation, a provider of chemical vapour deposition systems and materials has announced financial results for the quarter and the year ended 31st December (2018).
CVD annual revenue was $24.3m in 2018 compared to $41.1m in 2017, a decrease of $16.8m.
Fourth quarter (Q4) revenue was $4.7m in 2018 compared to $9.8m in 2017, a decrease of $5.1m.
Net loss for the year totalled $5.2m, compared to a net profit of $5.3m in the prior year. Q4 2018 net loss was $1.9m compared to net income of $1.6m in the previous year.
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