AI Earnings Predictions for CVD Equipment Corporation (CVV)

EX-99.1

2 ex99-1.htm

EX-99.1

Exhibit 99.1

enabling tomorrow’s technologies™

355 South Technology Drive, Central Islip, New York 11722 | T 631.981.7081 | F 631.981.7095 | info@cvdequipment.com

CVD Equipment Reports Second Quarter 2026 Results;

Advances Strategic

Transformation During Second Quarter, $23.5 Million in Cash and Debt-Free

Balance Sheet

CENTRAL

ISLIP, N.Y., (Business Wire) – August 12, 2026 – CVD Equipment Corporation (NASDAQ: CVV) (the “Company”) today reported its financial results for the second quarter ended June 30, 2026.

Highlights

● Completed sale of SDC division on April 1, 2026 for $17.4 million.

● Generated net cash proceeds of approximately $15.0 million from the transaction after transaction costs and estimated tax payments to be made in the third quarter.

● Ended the quarter with approximately $23.5 million of cash and cash equivalents and no long-term debt.

● Reported net income of $12.6 million for the quarter, reflecting the $13.9 million gain on the divestiture of SDC.

● Completed major operational restructuring expected to significantly reduce the Company’s fixed cost structure.

Manny Lakios, President and Chief Executive Officer of CVD Equipment Corporation, stated, “The successful divestiture of SDC marks a transformational milestone in the evolution of CVD Equipment. The transaction significantly strengthened our balance sheet, increased our financial flexibility, and allows us to pursue long-term growth opportunities while as we continue to evaluate strategic alternatives for the Company.

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While customer order levels continue to be adversely affected by the broader economic and geopolitical uncertainty, we remain actively engaged with our customers and are continuing to pursue opportunities developing across our target markets. We are focused on maintaining a disciplined approach to capital allocation and expense control, with a goal of creating long-term shareholder value.”

Second Quarter 2026 Performance from Continuing Operations

(excluding the discontinued operations of SDC)

Balance Sheet

As a result of the divestiture of the SDC division:

● Cash increased to $23.5 million from $8.7 million at December 31, 2025.

● Stockholders’ equity increased to $36.0 million from $24.7 million.

Operations

● Orders: $1.2 million (includes a $0.8 million PowderCoat 450 system order), a decrease from $1.5 million in the prior year quarter, due to lower system and non-system orders.

● Revenue: $2.0 million, down 42.6% as compared to prior year quarter. Revenue continued to reflect lower system bookings during 2025 and early 2026.

● Gross margin: 16.8% versus 14.1% in the prior year quarter, principally due to a higher proportion of non-system revenues in the current quarter.

● Backlog: $3.9 million at June 30, 2026, as compared to $4.6 million at March 31, 2026.

Earnings (Loss)

● Net loss from continuing operations: ($1.4 million), or ($0.20) per basic and diluted share, compared with net loss from continuing operations of ($1.3 million), or ($0.19) per basic and diluted share, in the prior year quarter.

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● Net income from discontinued operations: $13.9 million, or $2.01 per basic and diluted share, consisting of the gain on the divestiture of SDC of $13.9 million, net of transaction expenses and income tax expense. Including $0.4 million of transaction costs recognized during the first quarter of 2026, the total net gain on the divestiture was $13.5 million.

Following quarter-end, the customer associated with the $0.8 million system order filed a prepackaged Chapter 11 bankruptcy proceeding. Although unsecured trade creditors are expected to be unimpaired under the proposed plan, the Company is evaluating the potential impact on the order and its backlog, financial results, financial position, and cash flows.

Conference Call

A conference call reviewing these results has been scheduled for today, August 12, 2026 starting 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 also be available on the company’s website at https://cvdequipment.com/events. The archived webcast will be available approximately two hours following the end of the conference call. A telephone replay will be available for 7 days. To access the replay, dial 1-877-660-6853 or 1-201-612-7415. The replay passcode is 13762114.

About CVD Equipment Corporation

CVD Equipment Corporation (NASDAQ: CVV) designs, develops, and manufactures a broad range of chemical vapor deposition, thermal processing, physical vapor transport, and related equipment and process solutions used to develop and manufacture materials and coatings for industrial applications and research. Our products are used in production environments as well as research and development centers, both academic and corporate. Major target markets include aerospace & defense (ceramic matrix composites), s

EX-99.1

2 ex99-1.htm

EX-99.1

Exhibit 99.1

enabling tomorrow’s technologies™

355 South Technology Drive, Central Islip, New York 11722 | T 631.981.7081 | info@cvdequipment.com

CVD Equipment Corporation Reports First Quarter 2026 Results

Completed the Sale of its SDC Division as Previously Announced

CENTRAL

ISLIP, N.Y., (Business Wire) – May 14, 2026 – CVD Equipment Corporation (NASDAQ: CVV) (the “Company”) today reported financial results for the first quarter ended March 31, 2026.

As previously announced, the Company entered into an asset purchase agreement with a buyer to sell its SDC business division on March 23, 2026. This transaction was completed on April 1, 2026, whereby substantially all the business assets related to SDC were sold.

The financial results of SDC are reflected in the Company’s condensed consolidated financial statements as discontinued operations for all periods presented and SDC’s assets and liabilities are considered held for sale as of March 31, 2026. The Company now has one reportable segment consisting of its CVD Equipment division which manufactures chemical vapor deposition, physical vapor transport, thermal process and related equipment.

After payment of transaction costs and employee related liabilities, the net cash proceeds from the sale of SDC were $14.8 million. As a result, as of April 1, CVD Equipment had approximately $23 million in cash and no long-term debt.

Manny Lakios, President and Chief Executive Officer of CVD Equipment Corporation, stated, “The sale of SDC has significantly strengthened our balance sheet, providing additional financial flexibility as we continue to evaluate strategic opportunities for the CVD Equipment business, its product lines, and our facilities. In addition, we are continuing to drive operational efficiencies and reduce our operational costs, with an ongoing commitment to maximizing shareholder value. This included, as previously announced, a workforce reduction within the CVD Equipment division during the fourth quarter as we transitioned from a vertically integrated fabrication model to outsource fabrication for certain components. This action is expected to reduce our annual operating costs by approximately $1.8 million in fiscal 2026.”

Lakios added, “In addition, we remain focused on delivering solutions across our key target markets, including aerospace and defense, industrial applications such as silicon carbide (SiC) on graphite, and SiC for high-power electronics, as well as emerging applications, including nuclear energy.”

First Quarter 2026 Performance from Continuing Operations (excluding the discontinued operations of SDC)

● Orders: $1.8 million, an increase from $0.8 million in the prior year quarter, due to higher non-system orders for spare parts. Bookings for the CVD Equipment business continued to be pressured by several factors, including geopolitical uncertainty, reduced U.S. government funding for universities, and a slower pace of adoption of our solutions in certain end markets.

● Revenue: $1.8 million, down 70.9% as compared to prior year quarter, primarily reflecting lower CVD system revenue due to a reduced level of system bookings.

● Backlog: $4.7 million at both March 31, 2026 and December 31, 2025.

● Gross margin: 8.0% versus 27.4% in the prior year quarter, primarily due to lower CVD system revenue and lower absorption of fixed manufacturing costs.

● Decreases in revenue and gross margin for the quarter ended March 31, 2026 from reduced system bookings were partially offset by a $0.3 million benefit from a contract modification.

●

Net loss from continuing operations: ($1.7 million), or ($0.25) per basic and diluted share, compared with net loss from continuing operations of ($0.2 million), or ($0.03) per basic and diluted share, in the prior year quarter.

www.cvdequipment.com | www.firstnano.com

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Conference Call

A conference call reviewing these results has been scheduled for today, May 14, 2026 starting 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 also 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. A telephone replay will be available for 7 days. To access the replay, dial 1-877-660-6853 or 1-201-612-7415. The replay passcode is 13760600.

About CVD Equipment Corporation

CVD Equipment Corporation (NASDAQ: CVV) designs, develops, and manufactures a broad range of chemical vapor deposition, thermal processing, physical vapor transport, and related equipment and process solutions used to develop and manufacture materials and coatings for industrial applications and research. Our products are used in production environments as well as research and development centers, both academic and corporate. Major target markets include aerospace & defense (ceramic matrix

EX-99.1

2 ex99-1.htm

EX-99.1

Exhibit 99.1

enabling tomorrow’s technologies™

355 South Technology Drive, Central Islip, New York 11722 | T 631.981.7081 | info@cvdequipment.com

CVD Equipment Corporation Reports Fourth Quarter and

Fiscal Year 2025 Results

Entered Into Definitive Agreement for the Sale of its SDC Division

in First Quarter of 2026 as Previously Announced

CENTRAL

ISLIP, N.Y., (Business Wire) – March 30, 2026 – CVD Equipment Corporation (NASDAQ: CVV) (the “Company”) today reported financial results for the fourth quarter and fiscal year ended December 31, 2025.

Fourth Quarter 2025 Performance

● Orders: $3.5 million, driven primarily by demand in our SDC business division for gas delivery equipment and the receipt of orders for two PVT 150 units from Stony Brook University in support of their new semiconductor research center “onsemi Research Center for Wide Bandgap Materials”.

● Revenue: $5.0 million, down 33.1% year over year, primarily reflecting lower CVD system revenue in the quarter.

● Backlog: $6.6 million at December 31, 2025, compared with $8.0 million at September 30, 2025.

● Gross margin: 22.1% versus 26.4% in the prior year quarter, primarily due to lower CVD system revenue.

● Other charges and income: $0.2 million impairment charge in the current year quarter, compared with other income of $0.1 million in the prior year quarter.

● Net loss: ($1.3 million), or ($0.18) per basic and diluted share, compared with net income of $0.1 million, or $0.02 per basic and diluted share, in the prior year quarter.

● As previously announced, the Company implemented a workforce reduction within the CVD Equipment division during the fourth quarter that is expected to reduce annual operating costs by approximately $1.8 million in fiscal 2026.

● The Company also implemented an updated sales strategy for the CVD Equipment business, leveraging distributors and external sales representatives to complement internal sales resources.

www.cvdequipment.com | www.firstnano.com

enabling tomorrow’s technologies™

Fiscal Year 2025 Performance

● Orders: $13.0 million, driven primarily by demand in our SDC business division for gas delivery equipment and orders for spare parts and service for our CVD Equipment division.

● Revenue: $25.8 million, down 4.1% year over year, primarily reflecting lower SDC revenue and lower MesoScribe revenue following the cessation of its operations in 2024.

● Gross margin: 28.3% versus 22.5% in the prior fiscal year, a $1.6 million charge for excess and obsolete inventory was recorded in the prior fiscal year.

● Net loss: ($1.6 million), or ($0.23) per basic and diluted share, compared with a net loss of ($1.9 million), or ($0.28) per basic and diluted share, in fiscal year 2024.

● Cash and cash equivalents: $8.7 million as of December 31, 2025, compared with $12.6 million as of December 31, 2024.

Manny Lakios, President and CEO of CVD Equipment Corporation, commented, “Our bookings continued to be pressured by several factors, including softer demand for products in our CVD Equipment division, tariff-related uncertainty, reduced U.S. government funding for universities, and a slower pace of adoption of our solutions in certain end markets. We continue to monitor customer demand, the general uncertainty of the geopolitical environment and potential tariff impacts and are planning accordingly.”

Lakios added, “We remain focused on delivering solutions across our key target markets—aerospace and defense, industrial applications including silicon carbide (SiC) on graphite, and SiC for use in high-power electronics and other emerging applications.”

Divestiture of SDC Division

On March 24, 2026, the Company announced that it entered into a definitive agreement under which the Company’s SDC business division will become part of the Atlas Copco Group. The purchase price amounts to approximately $16.9 million in cash, subject to certain purchase price adjustments.

The transaction is expected to close during the second quarter of 2026, subject to customary closing conditions being satisfied. The Company expects to use the proceeds to enhance financial flexibility and support initiatives aimed at creating shareholder value.

Manny Lakios stated, “This transaction, which is aligned with our previously announced decision to pursue strategic alternatives for our company, will allow us to focus on our core CVD Equipment business located in Central Islip, New York. The divestiture will strengthen our balance sheet and provide additional financial flexibility as we continue evaluating opportunities for the CVD Equipment business, its product lines, and our two facilities. Our goal remains maximizing value for our shareholders.”

The Company expects to use the proceeds from the transaction to enhance financial flexibility and support initiatives aimed at creating shareholder value. The net cash proceeds after payment of transaction expenses and taxes are approximately $15.0 mi