EARNINGS: CVD Equipment Corp., Ronkonkoma, reports loss
CVD Equipment Corp.,RonkonkomaMakes industrial equipment for computer-chip, solar energy and nanotechnology uses
FIRST QUARTER: Ended March 31
NET INCOME: Loss of $90,000, compared with a loss of $86,000 in the same quarter last year.
NET REVENUE: $3.72 million, compared with $3.98 million in the year-ago quarter.
OUTLOOK: President and chief executive Leonard Rosenbaum said, "We have seen an increase in order and quotation demand in the first quarter, and we expect this trend to continue at least in the near term. During the second quarter we will be introducing new products and services and expanding our marketing reach."
COMPANY STATEMENT: In the next quarter CVD plans to introduce a new entry-level system for university, industrial and government researchers: First Nano EasyTube, or ET101, for nanotechnology, solar and computer-chip uses.
STOCK: Shares closed Wednesday at $3.36, down 5 cents.
Out East Show: Visit The Shamrock evergreen maze, Sannino Vineyard, Seven Ponds Orchard and the Warrior Ranch Foundation NewsdayTV's Doug Geed is heading 'Out East' to showcase the ultimate local spots you need to explore.
Out East Show: Visit The Shamrock evergreen maze, Sannino Vineyard, Seven Ponds Orchard and the Warrior Ranch Foundation NewsdayTV's Doug Geed is heading 'Out East' to showcase the ultimate local spots you need to explore.
