Q3 2025 CVD Equipment Corp Earnings Call Transcript
Key Points
- Revenue for the third quarter of 2025 increased by 44.9% compared to the second quarter of the same year.
- Gross profit improved to $2.4 million with a gross margin of 32.7%, up from 21.5% in the prior year quarter.
- The company announced a new order from Stony Brook University for PVT150 systems, supporting semiconductor materials research.
- CVD Equipment Corp (CVV) is focusing on core strengths such as engineering design, assembly, test, installation, and customer service.
- The transformation strategy aims to reduce fixed operating costs by approximately $2 million annually starting in 2026.
- Third quarter 2025 revenue decreased by 9.6% compared to the same quarter in 2024.
- Total orders for the first nine months of 2025 were significantly lower at $9.5 million compared to $21 million in the same period last year.
- Backlog decreased to $8 million at the end of September 2025 from $13.2 million at the end of June 2025.
- The company is facing external challenges such as uncertainties related to proposed tariffs and reduced US government funding.
- Net cash used in operating activities for the first nine months of 2025 was $4.1 million, impacting cash reserves.
Good afternoon, and welcome to the CVD Equipment Corporation third quarter 2025 earnings conference call. As a reminder, today's call is being recorded. We will begin with prepared remarks followed by a question-and-answer session. Presenting on today's call are Emmanuel Lakios, President and Chief Executive Officer; and Richard Catalano, Executive Vice President and Chief Financial Officer. Our earnings press release and call replay information are available in the Investor Relations section of our website at www.cvdequipment.com.
Before we begin, please note that comments made during this call may include forward-looking statements, including those related to our future financial performance, market growth, demand for our products and overall business outlook. These statements are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially. For a detailed discussion of these risks, please refer to our filings with the SEC, including the Risk Factors section of
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