CVD Equipment Shares Down After Revenue Plunges 71%

Dow Jones05-15

By Christopher Kuo

Shares of CVD Equipment slid after the company said first-quarter revenue fell due to geopolitical uncertainty and funding cuts to universities.

The stock retreated 17% in after-hours trading Thursday to $5.66. Shares closed up less than 1% at $6.85, and have more than doubled in price this year.

The producer of chemical vapor deposition, gas control and thermal process equipment posted a loss in the quarter of $1.7 million, or 24 cents a share, compared with a profit of $360,000, or 5 cents a share, a year earlier.

Revenue fell 71% to $1.8 million from $6.3 million a year earlier.

Bookings for its equipment business were pressured by geopolitical uncertainty, reduced U.S. government funding for universities and a slower pace of adoption for its solutions in certain end markets, the company said.

CVD is working on reducing operational costs, including moves in the fourth quarter to cut the workforce in its equipment division, Chief Executive Manny Lakios said.

The company also said it received net proceeds of $14.8 million during the quarter from the sale of its stainless design concepts business.

Write to Christopher Kuo at chris.kuo@wsj.com

(END) Dow Jones Newswires

May 14, 2026 18:39 ET (22:39 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Shares closed up less than 1% at $6.85, and have more than doubled in price this year. \n\n\n  The producer of chemical vapor deposition, gas control and thermal process equipment posted a loss in the quarter of $1.7 million, or 24 cents a share, compared with a profit of $360,000, or 5 cents a share, a year earlier. \n\n\n  Revenue fell 71% to $1.8 million from $6.3 million a year earlier. \n\n\n  Bookings for its equipment business were pressured by geopolitical uncertainty, reduced U.S. government funding for universities and a slower pace of adoption for its solutions in certain end markets, the company said. \n\n\n  CVD is working on reducing operational costs, including moves in the fourth quarter to cut the workforce in its equipment division, Chief Executive Manny Lakios said. \n\n\n  The company also said it received net proceeds of $14.8 million during the quarter from the sale of its stainless design concepts business. \n\n\n \n\n\n  Write to Christopher Kuo at chris.kuo@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 14, 2026 18:39 ET (22:39 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.2","shortVersion":"4.42.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2635242967","isCrawlerRequest":true}