Overview
CVD Equipment Q3 revenue decreases 9.6% yr/yr due to MesoScribe operations cessation
Net income for Q3 rises to $384,000 from $203,000 in prior-year quarter
Company announces strategic initiatives to improve operational efficiencies
Outlook
Company to reduce annual operating costs by $2.0 mln in fiscal 2026
CVD Equipment to outsource fabrication of certain components
Company exploring strategic alternatives including potential asset sales
Result Drivers
SDC SEGMENT DEMAND - Orders driven by demand in SDC segment for gas delivery equipment
MESOSCRIBE IMPACT - Revenue decline attributed to cessation of MesoScribe operations
IMPROVED MARGINS - Gross margin increased due to improved contract mix in CVD Equipment segment
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | $7.41 mln | ||
Q3 EPS | $0.06 | ||
Q3 Net Income | $384,000 | ||
Q3 Gross Profit | $2.42 mln | ||
Q3 Operating Expenses | $2.11 mln | ||
Q3 Operating Income | $308,000 |
Press Release: ID:nBw7Y4nnta
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)