CVD EQUIPMENT CORP

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.

CVD Equipment Corporation reported a significant decline in Q1 2026 revenue from continuing operations to $1.8 million, down 70.9% year-over-year, resulting in a net loss of ($1.7 million) or ($0.25) per share. The company completed the sale of its SDC division on April 1, 2026, generating $14.8 million in net cash proceeds, which strengthened its balance sheet to $23 million in cash and no long-term debt. The company is also implementing operational efficiencies, including a workforce reduction, to reduce annual operating costs by $1.8 million in fiscal 2026.

CVD Equipment Corporation announced the completion of the previously disclosed sale of its Stainless Design Concepts (SDC) business division to a subsidiary of the Atlas Copco Group. The transaction generated an aggregate consideration of $16.9 million for CVD Equipment, with $900,000 placed in escrow for post-closing adjustments and indemnification obligations. This divestiture allows CVD Equipment to streamline its operations and potentially reallocate capital, while also retaining ownership of its Saugerties, New York facility and securing a two-year lease agreement with the buyer, providing an initial annual rent of $182,750.