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CVD Equipment Corporation Reports Fourth Quarter and Fiscal Year 2024 Financial Results

1. CVD's Q4 2024 revenue surged by 80.3% year-over-year. 2. Backlog increased to $19.4 million, up from $18.4 million.

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FAQ

Why Very Bullish?

The substantial revenue growth and increased backlog indicate strong demand. Past examples show that similar increases correlate with upward price movements in the stock market.

How important is it?

Strong revenue and backlog figures suggest robust market performance, likely translating into investor confidence.

Why Short Term?

Immediate financial results typically affect stock prices quickly, especially in a high-growth scenario. Similar past reports have shown a rapid investor response.

Related Companies

NASDAQ: CVV
CENTRAL ISLIP, N.Y.--(BUSINESS WIRE)--CVD Equipment Corporation (NASDAQ: CVV), today announced its financial results for the fourth quarter and fiscal year ended December 31, 2024. Manny Lakios, President and CEO of CVD Equipment Corporation, commented, "CVD's fourth quarter 2024 revenue was $7.4 million, representing an 80.3% increase from the prior year quarter. Our backlog at December 31, 2024 was $19.4 million, meaningfully higher than our 2023 year-end backlog of $18.4 million." "During 20.

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