DivestmentMay 14, 2026, 04:07 PM
CVD Equipment Q1 Net Loss $(1.66)M; SDC Divestment Completed
AI Summary
CVD Equipment Corp reported a net loss of $(1.66) million, or $(0.24) per share, for Q1 2026, a significant decline from a net income of $0.36 million, or $0.05 per share, in Q1 2025. Revenue from continuing operations decreased substantially to $1.84 million from $6.33 million year-over-year. The company completed the sale of its SDC business division on April 1, 2026, generating $14.8 million in net cash proceeds, which increased its cash balance to approximately $23 million.
Key Highlights
- SDC business division sale completed on April 1, 2026, for $16.9M consideration.
- Net cash proceeds from SDC sale were $14.8M, increasing cash to approximately $23M.
- Q1 2026 net loss was $(1.66)M, or $(0.24) per share, compared to $0.36M net income in Q1 2025.
- Revenue from continuing operations decreased to $1.84M in Q1 2026 from $6.33M in Q1 2025.
- Loss from continuing operations widened to $(1.73)M in Q1 2026 from $(0.23)M in Q1 2025.
- Income from discontinued operations (SDC) was $63k in Q1 2026 vs $589k in Q1 2025.
- Cash and cash equivalents at March 31, 2026, were $8.2M.
Price Impact
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