CVD Equipment Corporation $(CVV)$ has announced its financial results for the second quarter ended June 30, 2025. The company reported a revenue of $5.1 million, marking a 19.4% decrease from the same quarter in the previous year. Despite this quarterly decline, year-to-date revenue increased by 19.2% to $13.4 million compared to the prior year period. The gross margin fell to 21.0% from 24.3% in the prior year quarter. The company reported a net loss of $1.1 million, compared to a net loss of $0.8 million in the previous year's second quarter. Cash and cash equivalents stood at $7.0 million as of June 30, 2025, down from $12.6 million at the end of 2024. Orders for the second quarter were reported at $4.5 million, driven mainly by demand in the SDC segment for gas delivery equipment. Orders for the first six months of 2025 totaled $7.3 million, a significant decrease from $16.9 million in the first half of 2024. Manny Lakios, President and CEO, noted the impact of proposed tariffs, reduced US government funding for universities, and a lag in product adoption as factors affecting the quarter's performance. The company is monitoring customer demand and geopolitical factors while managing expenses and headcount.
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