CVD Equipment Corporation announced first quarter 2025 revenue of $8.3 million, representing a 69.0% increase compared to the prior year quarter and a 12.2% increase from the fourth quarter of 2024. Revenue from the CVD Equipment segment was primarily driven by two contracts in the industrial and aerospace markets.
The company reported a net income of $360,000, or $0.05 per share, for Q1 2025, marking its third consecutive quarter of net income. This contrasts with a net loss of $1.472 million, or $0.22 loss per share, in Q1 2024.
Despite the strong financial performance, the company's backlog declined during the quarter from $19.4 million at December 31, 2024, to $13.8 million at March 31, 2025, with bookings totaling $2.8 million. The imposition of new tariffs was identified as a challenge that may affect component costs and order rates.
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