CVV — what changed in the latest 10-Q
A section-by-section comparison of CVV's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-12 vs the prior 10-Q · 2026-05-14
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +42 | −34 | ~14 | 18 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 3 |
| Risk factors | Text added/removed | +22 | −21 | ~35 | 35 |
| Other information | Text added/removed | +22 | −21 | ~34 | 35 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Market risk (Item 3), Legal proceedings
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-12
● uncertainty as to the acceptance of our equipment launched in 2024 and 2025;
The net cash proceeds from the sale of SDC we received in April 2026, after payment of transaction costs and employee related liabilities, were $15.7 million. The Company expects to pay approximately $0.7 million in estimated income taxes related to the gain on the sale of SDC in the third quarter o…
During the quarter ended June 30, 2026 (from continuing operations):
● Revenue decreased by $1.4 million or 42.6% as compared to the second quarter of 2025 from lower systems revenue due to reduced system bookings.
● Gross profit decreased by $0.2 million or 31.6% as compared to the second quarter of 2025 due to the lower system revenues.
Text removed vs the prior filing · source: 10-Q · 2026-05-14
● uncertainty as to our future growth and return to consistent profitability;
The net cash proceeds from the sale of SDC we received in April 2026, after payment of transaction costs and employee related liabilities, were $14.8 million. Following the sale of SDC, CVD Equipment has approximately $23 million in cash and no long-term debt. We expect to use the proceeds from the …
We design, develop, and manufacture a broad range of equipment used to develop and produce materials and coatings for the aerospace, compound semiconductor, semiconductor, battery energy storage markets as well as advanced industrial applications, and research.
Results from continuing operations during the quarter ended March 31, 2026 included:
● Revenue decreased by $4.5 million or 70.9% as compared to the prior period quarter due lower systems revenue due to reduced system bookings.
Risk factors
Text added vs the prior filing · source: 10-Q · 2026-08-12
Net income (loss) per share of common stock – basic and diluted
Changes in assets and liabilities, net of the effects of disposition:
Net increase (decrease) in cash and cash equivalents 14,749 (5,575)
Non-cash activity – accrued income taxes on gain on sale of SDC $710 $
The following table represents the gain on the disposition of SDC, net of income taxes, for the six months ended June 30, 2026 (in thousands):
Text removed vs the prior filing · source: 10-Q · 2026-05-14
Loss from continuing operations before income taxes (1,726) (213)
Transaction costs on disposal of discontinued operations (436) -
Net income (loss) per share of common stock – basic and diluted:
Loss from continuing operations per common share $(0.25) $(0.03)
Income from discontinued operations per common share $0.01 $0.09
Other information
Text added vs the prior filing · source: 10-Q · 2026-08-12
Net income (loss) per share of common stock – basic and diluted
Changes in assets and liabilities, net of the effects of disposition:
Net increase (decrease) in cash and cash equivalents 14,749 (5,575)
Non-cash activity – accrued income taxes on gain on sale of SDC $710 $
The following table represents the gain on the disposition of SDC, net of income taxes, for the six months ended June 30, 2026 (in thousands):
Text removed vs the prior filing · source: 10-Q · 2026-05-14
Loss from continuing operations before income taxes (1,726) (213)
Transaction costs on disposal of discontinued operations (436) -
Net income (loss) per share of common stock – basic and diluted:
Loss from continuing operations per common share $(0.25) $(0.03)
Income from discontinued operations per common share $0.01 $0.09
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice