CVD(CVV) - 2024 Q2 - Quarterly Results

Financial Performance - Revenue for Q2 2024 was $6.3 million, a 25.2$0.9 million, an improvement from a loss of $1.2 million in the prior year[2] - Net loss for Q2 2024 was$0.8 million or $0.11 per share, compared to a net loss of$1.1 million or $0.16 per share in the prior year[2] Orders and Backlog - Backlog as of June 30, 2024, was$24.0 million, down from $27.1 million at March 31, 2024[2] - Orders for the first six months of 2024 totaled$16.9 million, up from $15.8 million for the same period in 2023[3] Cash Position - Cash and cash equivalents as of June 30, 2024, were$10.0 million, down from $14.0 million at the end of 2023[7] Strategic Focus - The company continues to invest in research and development and sales and marketing focused on three key strategic markets[3] - The company aims to build critical customer relationships and achieve profitability while managing costs and cash flow[1] - The company shipped a PVT 200 system as part of a strategic order for SiC 200mm crystal boule growth[1]