CVD Equipment Corporation, a New-York-based manufacturer of chemical vapour deposition systems has reported its second quarter (Q2) 2019 financial results.
Revenue for the quarter was $4.9m compared to $6.4m in Q2 2018, a decrease of $1.5m or 23.6%.
Net loss for the quarter was $1.4m, or $0.21 per diluted share, compared to a net loss of $1.3m or $.21 per diluted share in Q2 2018.
CVD received orders of approximately $3.3m in Q2 compared to approximately $6.5m in the first quarter. This resulted in a decrease in order backlog on 30th June (2019) of approximately $4.5m compared to approximately $6m on 31st March 2019.
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