CVD Equipment Corporation (CVV) reported a net loss of $1.3 million, or $0.18 per share, for the fourth quarter of 2025, down from net income of $0.1 million, or $0.02 per share, a year earlier. Revenue decreased 33.1% year-over-year to $4.9 million, attributed primarily to lower CVD system revenue, while gross margin contracted to 22.1% from 26.4% last year. The company’s full-year revenue declined 4.1% to $25.8 million.
Order activity weakened significantly, with fourth-quarter orders at $3.5 million, and full-year orders decreasing to $13 million from $28 million in 2024. CVD’s backlog fell to $6.6 million at year-end from $19.4 million the previous year, indicating reduced demand visibility. Management cited external factors such as tariff uncertainty and decreased government funding as contributors to the decline.
Additionally, CVD Equipment agreed to sell its SDC division to Atlas Copco Group for approximately $16.9 million, aiming to strengthen its balance sheet and refocus on core operations. The transaction is set to close in the second quarter of 2026, and the proceeds will enhance financial flexibility.
