CVD Equipment Corporation reported second quarter 2025 revenue of $5.1 million, a 19.4% decrease compared to $6.3 million in Q2 2024. This decline was primarily due to lower system revenues from contracts in progress in both the CVD Equipment and SDC segments.
The company recorded a net loss of $1.1 million, or $0.15 per share, for the second quarter of 2025, compared to a net loss of $0.761 million, or $0.11 per share, in the prior year period. Bookings for Q2 2025 were $4.5 million.
For the first six months ended June 30, 2025, total revenue increased by 19.2% to $13.4 million, with consolidated gross profit improving to $3.7 million and a gross margin of 28.1%. However, the net loss for the first half of 2025 was $0.7 million.
Management attributed the quarterly performance to uncertainties related to proposed tariffs, reduced U.S. government funding for universities, and a lag in product adoption within emerging growth markets. The company's backlog at June 30, 2025, stood at $13.2 million.
The company shipped the first CVD4000 SiC coating reactor system in early July 2025, which applies protective silicon carbide coatings on OEM components. Resources allocated to this new product launch partially contributed to reduced revenue from other contracts in progress during the quarter.
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