CVD Reports Fourth Quarter and Year end 2021 Results
CVD Equipment Corporation (NASDAQ: CVV ), a leading provider of chemical vapor deposition systems and materials, today announced its fourth quarter 2021 financial results.
- CVD Equipment Corporation (NASDAQ: CVV ), a leading provider of chemical vapor deposition systems and materials, today announced its fourth quarter 2021 financial results.
- CVD fourth quarter 2021 revenue was $4.7 million as compared to $3.2 million in the fourth quarter of 2020, an increase of $1.5 million or 48.8%.
- Net loss for the fourth quarter of 2021 was $1.2 million, or $.18 per diluted share, as compared to a net loss of $5.3 million, or $.80 per diluted share in the fourth quarter of 2020.
- Sequentially, CVDs revenue in the fourth quarter of 2021 was $4.7 million as compared to $4.3 million in the third quarter 2021, an increase of $.4 million, and the operating loss increased to $1.2 million in the fourth quarter of 2021, as compared to an operating loss of $.9 million in the third quarter of 2021.