Overview

* CVD Equipment ( CVV ) 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 ( CVV ) 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 ( CVV ) segment

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $7.41

Revenue mln

Q3 EPS $0.06

Q3 Net $384,000

Income

Q3 Gross $2.42

Profit mln

Q3 $2.11

Operatin mln

g

Expenses

Q3 $308,000

Operatin

g Income

Press Release:

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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.)