---
title: "CVD Equipment | 8-K: FY2026 Q1 Revenue: USD 1.844 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286459092.md"
datetime: "2026-05-14T20:02:50.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286459092.md)
  - [en](https://longbridge.com/en/news/286459092.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286459092.md)
---

# CVD Equipment | 8-K: FY2026 Q1 Revenue: USD 1.844 M

Revenue: As of FY2026 Q1, the actual value is USD 1.844 M.

EPS: As of FY2026 Q1, the actual value is USD -0.25.

CVD Equipment Corporation completed the sale of its SDC business division on April 1, 2026, with SDC’s financial results reflected as discontinued operations for all periods presented, and the company now operates with one reportable segment, the CVD Equipment division . The net cash proceeds from the sale of SDC were $14.8 million . As of April 1, CVD Equipment Corporation had approximately $23 million in cash and no long-term debt .

#### Orders

Orders for the first quarter of 2026 were $1.8 million, an increase from $0.8 million in the prior year quarter, primarily due to higher non-system orders for spare parts .

#### Revenue

Revenue for the first quarter of 2026 was $1.8 million, a decrease of 70.9% compared to $6.332 million in the prior year quarter, mainly reflecting lower CVD system revenue due to reduced system bookings .

#### Backlog

Backlog was $4.7 million as of both March 31, 2026, and December 31, 2025 .

#### Gross Margin

Gross margin was 8.0% in the first quarter of 2026, down from 27.4% in the prior year quarter, primarily due to lower CVD system revenue and lower absorption of fixed manufacturing costs, partially offset by a $0.3 million benefit from a contract modification .

#### Operating Expenses

Research and development expenses were $727 thousand for Q1 2026, compared to $734 thousand for Q1 2025 . Selling expenses were $240 thousand for Q1 2026, compared to $367 thousand for Q1 2025 . General and administrative expenses were $1,022 thousand for Q1 2026, compared to $953 thousand for Q1 2025 . Total operating expenses were $1,943 thousand for Q1 2026, compared to $2,054 thousand for Q1 2025 .

#### Operating Loss from Continuing Operations

Operating loss from continuing operations was - $1,796 thousand for Q1 2026, compared to - $320 thousand for Q1 2025 .

#### Net Loss from Continuing Operations

Net loss from continuing operations was - $1.7 million, or - $0.25 per basic and diluted share, for Q1 2026, compared with - $0.2 million, or - $0.03 per basic and diluted share, in the prior year quarter .

#### Net Income from Discontinued Operations

Net income from discontinued operations was $63 thousand for Q1 2026, compared to $589 thousand for Q1 2025 .

#### Total Net Income (Loss)

Total net income (loss) was - $1,663 thousand for Q1 2026, compared to $360 thousand for Q1 2025 .

#### Cash and Balance Sheet Highlights

Cash and cash equivalents were $8,196 thousand as of March 31, 2026, down from $8,734 thousand as of December 31, 2025 . Total current assets were $15,696 thousand as of March 31, 2026, compared to $16,884 thousand as of December 31, 2025 . Total liabilities and stockholders’ equity were $26,214 thousand as of March 31, 2026, compared to $27,509 thousand as of December 31, 2025 .

#### Outlook

CVD Equipment Corporation anticipates that a workforce reduction initiated in the fourth quarter of the prior year is expected to reduce annual operating costs by approximately $1.8 million in fiscal 2026 . The company continues to evaluate strategic opportunities for its CVD Equipment business . It remains focused on delivering solutions across key target markets including aerospace and defense, industrial applications like silicon carbide on graphite, and emerging applications such as nuclear energy .

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