CVD Equipment (NASDAQ:CVV) shares fell 17.66% in after-hours trading Thursday after the company reported a steep revenue decline and wider quarterly losses despite completing the sale of its SDC division.
CVD Equipment develops chemical vapor deposition and thermal process equipment used across aerospace, defense, electric vehicle and semiconductor-related industries.
Revenue Declines, Losses Widen
First-quarter 2026 revenue fell 70.9% year-over-year to $1.8 million as lower system bookings weighed on results. Gross margin declined to 8% from 27.4% a year earlier.
The company reported a net loss from continuing operations of $1.7 million, or 25 cents per share, compared with a loss of $229,000, or 3 cents per share, in the prior-year quarter.
Orders increased to $1.8 million from $800,000, driven by higher spare parts demand, though management said bookings continued facing pressure from geopolitical uncertainty, lower U.S. university funding and slower adoption …
