CVD Reports Third Quarter 2021 Results
CVD Equipment Corporation (NASDAQ: CVV ), a leading provider of chemical vapor deposition systems and materials, today announced its third quarter 2021 financial results.
- CVD Equipment Corporation (NASDAQ: CVV ), a leading provider of chemical vapor deposition systems and materials, today announced its third quarter 2021 financial results.
- CVD third quarter 2021 revenue was $4.3 million as compared to $4.0 million in the third quarter of 2020, an increase of $.3 million or 8.4%.
- Sequentially, CVDs revenue in the third quarter of 2021 was $4.3 million as compared to $4.0 million in the second quarter 2021, an increase of $.3 million, and the operating loss decreased to $.9 million in the third quarter of 2021, as compared to an operating loss of $1.1 million in the second quarter of 2021, an improvement of $.2 million.
- During Q3 2021, CVD was impacted by increased costs on certain manufacturing material components as well as delays in supply chain deliveries.