CVD Equipment Reports Q3 GAAP EPS of -$0.30 and 72% Revenue Decline
CVD Equipment Corporation reported its third-quarter financial results, highlighting a significant year-over-year decline in revenue. The company posted a GAAP earnings per share (EPS) loss of $0.30, while total revenue fell to $1.58 million, representing a 72.2% decrease compared to the same period last year. Despite the drop in top-line performance and bookings—which totaled $0.7 million for the quarter—the company maintains a stable balance sheet. CVD Equipment ended the period with approximately $23.5 million in cash and cash equivalents and reported no outstanding debt.
Topics: cash_position earnings_report revenue_decline
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