Earnings Releases·Nov 5, 2026, 5:00 PM ET

CVD Equipment — Third Quarter 2026 Earnings Summary

Revenue declined 72.1% to $1.6 million for the quarter and 65% to $5.4 million for the nine-month period, while gross margin contracted to 9.2% from 32.0% due to reduced system revenue and fixed costs.
The company reported a net loss of $2.1 million ($0.30/share) from continuing operations, excluding a $14.1 million net gain on the SDC sale that drove $9.4 million net income for the nine months.
Strategic pivot includes halting new CVD system orders, reducing workforce to support backlog and services, and engaging CBRE to market owned real estate for sale.
Cash and stockholders' equity rose to $23.5 million and $34.6 million respectively with no outstanding debt, as the company evaluates strategic alternatives for its go-forward business.
No investor conference call is scheduled; future calls will occur only in connection with significant corporate developments.