CVD Equipment Corporation Reports Fourth Quarter and Fiscal Year 2023 Financial Results
CVD Equipment Corporation (NASDAQ: CVV ), today announced its financial results for the fourth quarter and fiscal year ended December 31, 2023.
- CVD Equipment Corporation (NASDAQ: CVV ), today announced its financial results for the fourth quarter and fiscal year ended December 31, 2023.
- Manny Lakios, President and CEO of CVD Equipment Corporation, commented, “Fourth quarter 2023 revenue was $4.1 million, down significantly versus the prior year period, as our business continues to experience fluctuations in revenue given the nature of the emerging growth end markets we serve.
- This represents an important milestone for CVD, with potential follow-on production orders should our equipment effectively meet the customers’ needs.
- Orders for the fourth quarter were $5.8 million driven by continued demand in the aerospace sector and in our SDC segment for gas delivery equipment.