CVD Equipment Corporation has announced its first quarter 2016 financial results, with total revenue for the three months ended March 31, 2016, at $5.0 million compared to $9.7 million in the first quarter of 2015, a decrease of 48.5 percent.
“We have made significant progress in our negotiations for a sizable order with our large aerospace customer,” said Leonard Rosenbaum, President and Chief Executive Officer.
“While this does not immediately translate into a formal purchase order, we are continuing to move closer to a positive outcome which we expect in the near term. In the meantime, we have our resources and attention focused on pursuing other opportunities that should extend our market reach and improve our backlog for the second half of the year.”
... to continue reading you must be subscribed
