Significant Revenue Increase from Previous Quarter
Revenue for Q3 2025 was $7.4 million, a 44.9% increase from Q2 2025.
Improvement in Gross Profit and Margin
Gross profit for Q3 2025 was $2.4 million with a gross margin of 32.7%, compared to $1.8 million or 21.5% in Q3 2024.
Operational Efficiency Enhancements
A comprehensive transformation strategy has been approved to reduce fixed costs and improve scalability, including outsourcing fabrication, expected to reduce annual operating cost by approximately $2 million starting in 2026.
New Order in Silicon Carbide Market
Announced a new order from Stony Brook University for two PVT-150 systems to support their center for Onsemi Silicon Carbide Crystal Growth.
Strong Position in Growth Markets
CVD remains well-positioned in target markets such as aerospace, defense, and electric vehicle battery materials.