CVD reports third quarter results


CVD Equipment Corporation (CVD), a chemical vapor deposition system manufacturer, has released its third quarter financial results reporting revenues of $5.7m.

The New York-based company reported a net loss for the quarter of $138.009, or $0.02 per diluted share, compared to a net loss of $2.5m in the third quarter of 2018.

During the quarter, CVD received orders of approximately $7.9m, compared to approximately $6.5m and $3.3m in the first and second quarter of 2019, respectively, resulting in an increased order backlog of $6.7m on 30th September (2019). 

CVD’s nine months 2019 revenue totalled $14.1m, compared to $19.6m in the first nine months of 2018. Net loss for the first nine month of 2019 was $3.7m compared to a net loss of $3.3m in the first nine months on 2018.

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