Why Is CVD Equipment (CVV) Stock Down Over 17% After Hours Today?
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CVD Equipment (CVV) shares dropped 17.66% in after-hours trading following a significant revenue decline of 70.9% year-over-year to $1.8 million and a net loss of $1.7 million. Despite completing the sale of its SDC division, which improved its balance sheet with $23 million in cash, the company faces ongoing challenges from geopolitical uncertainties and reduced funding. Orders increased to $1.8 million, but bookings remain under pressure. The stock has seen a 163% gain over the past year despite the recent decline.
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