CVD EQUIPMENT CORP Q1 FY2025 earnings call

• First quarter 2025 revenue was $8.3 million, up 69% year-over-year and 12.2% quarter-over-quarter.
• CVD equipment segment revenue driven by two contracts in industrial markets and aerospace; SDC segment had strong demand for gas delivery equipment with $2.8 million revenue.
• Implemented plan to reduce operating costs to align with current customer demand and improve operating performance; continue to evaluate product demand and cost reduction opportunities.
• Net income for the quarter was $360,000, marking the third consecutive quarter of net income.
• Orders and revenue levels expected to fluctuate due to market served; recent tariffs present new challenge with uncertainty affecting costs and order rate.

First quarter 2025 revenue was $8.3 million, up 69% versus the prior year quarter and 12.2% higher than the fourth quarter of 2024. Revenue from the CVD equipment segment was driven by two contracts, one in industrial markets and one in aerospace. The SDC segment had strong demand for its gas delivery equipment with revenue of $2.8 million in the quarter. Backlog declined from $19.4 million at the end of December 2024 to $13.8 million on March 31, 2025, and subsequent to quarter end, a $1.2 million semiconductor system order was received in the CVD equipment segment. Revenue contribution: CVD equipment segment contributed significantly due to the two contracts, and SDC segment contributed with its $2.8 million revenue.

• Expect order and revenue levels to continue to fluctuate given the markets served.
• Evaluating the tariff environment and planning accordingly.
• Focused on key targeted markets of aerospace and defense, high-power electronics, and EV battery energy storage.
• Staying the course of strategic efforts to maintain and grow order rate while carefully managing expenses to achieve long-term profitability and positive cash flow.

• Recent imposition of tariffs presents a new challenge; uncertainty as tariffs may affect costs of components and materials and contribute to economic uncertainty potentially affecting order rate.

Q: A: Q: I'm not seeing any questions A: I'd like to turn the floor back over to Emmanuel Lakios for any closing remarks