CVD(US:CVV)2026-03-30 21:29Financial Performance - Revenue for Q4 2025 was $5.0 million, a decrease of 33.1% year over year, mainly due to lower CVD system revenue[3] - For the fiscal year 2025, revenue was $25.8 million, down 4.1% year over year, primarily due to lower SDC revenue[10] - The net loss for Q4 2025 was $1.3 million, or $0.18 per share, compared to a net income of $0.1 million, or $0.02 per share, in the prior year quarter[3] - The net loss for fiscal year 2025 was $1.6 million, or $0.23 per share, compared to a net loss of $1.9 million, or $0.28 per share, in fiscal year 2024[10] Orders and Backlog - Orders for Q4 2025 totaled $3.5 million, primarily driven by demand in the SDC business division for gas delivery equipment[3] - The backlog as of December 31, 2025, was $6.6 million, down from $8.0 million at September 30, 2025[3] Gross Margin - Gross margin for Q4 2025 was 22.1%, compared to 26.4% in the prior year quarter[3] Cash Position - Cash and cash equivalents as of December 31, 2025, were $8.7 million, down from $12.6 million as of December 31, 2024[10] Strategic Actions - The company entered into a definitive agreement to sell its SDC division for approximately $16.9 million in cash, expected to close in Q2 2026[6][7] - The company implemented a workforce reduction expected to reduce annual operating costs by approximately $1.8 million in fiscal 2026[3]