Online information source for semiconductor professionals

CVD Equipment Corp expects increasing sales in 2011

08 March 2011 | By Mark Osborne | News > Wafer Processing

Popular articles

New Product: Applied Materials new EUV reticle etch system provides nanometer-level accuracy - 19 September 2011

Oberai discusses Magma’s move into solar PV yield management space - 29 August 2008

‚??Velocity‚?? the new buzzword in Intel‚??s PQS annual awards - 12 April 2012

Applied Materials adds Jim Rogers to Board of Directors - 29 April 2008

New Product: ASML Brion‚??s Tachyon MB-SRAF enables OPC-like compute times - 19 September 2011

Small-cap equipment supplier, CVD Equipment Corporation posted its seventh consecutive profitable year with revenue of US$16.2 million and net earnings of US$375,000. Equipment order backlog stood at US$9.9 million at year-end but had received new orders worth US$9.3 million in January, 2011 that highlights early in its financial year that it will continue to grow revenue this year.

Fourth quarter revenue reached US$5.1 million. Gross profit margin for the quarter was 41.6%, raising the overall gross profit margin for fiscal year ended December 31, 2010 to 36.2%.

“2010 started slow but finished with a significant increase in order levels and revenue,” noted Leonard Rosenbaum, President and Chief Executive Officer. “Our quotation level continues to remain very high and with our backlog on December 31, 2010 of approximately US$9.9 million and our previous announcement of US$9.3 million in new orders in January, 2011, we expect 2011 to easily exceed all previous years in new orders, revenue and profit. Additionally, we believe this trend will continue in subsequent years.”

CVD Equipment Corp noted that R&D activities from customers in such fields as carbon and boron nitride nanotubes as well as in graphene and nanowires for solar cells, MEM’s, energy, semiconductors and Light Emitting Diodes would fuel growth of equipment sales over the next few years.

Related articles

VLSI research revises 2011 and 2012 semiconductor forecasts - 30 November 2010

SIA projects less optimistic growth than WSTS for 2010 - 09 June 2009

CyberOptics benefiting from stronger demand as sales increase 110% in 2010 - 18 February 2011

SEMI hangs hope of equipment sales growth from NAND flash, foundries and packaging firms - 01 December 2009

Gartner makes further upward revisions to semiconductor capital equipment sales forecast - 11 December 2009

Reader comments

No comments yet!

Post your comment

Please enter the word you see in the image below: