CVD EQUIPMENT CORP (CVV) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenue	25.8	16.4	16.9	19.6	24.3	41.1	21.0	39.0
Revenue growth	56.9%	-2.8%	-13.9%	-19.3%	-40.8%	96.3%	-46.2%	39.2%
Cost of revenue	19.2	13.4	14.0	16.9	19.2	23.5	13.9	23.8
Gross profit	6.6	3.1	2.9	2.8	5.2	17.6	7.1	15.1
Gross margin	25.7%	18.7%	17.0%	14.2%	21.3%	42.8%	33.9%	38.9%

Operating expenses:
Research and development	1.9	1.8	0.4	0.6	0.6	0.4	0.4	0.6
Selling and shipping	1.2	0.9	0.6	0.9	1.6	1.4	1.1	1.2
General and administrative	5.3	5.1	6.2	6.3	8.2	8.5	6.9	7.7
Impairment charge			3.6
Total operating expenses	8.5	7.7	10.7	7.8	10.4	10.4	7.8	10.6
Operating loss	-1.8	-4.7	-7.8	-5.0	-5.3	7.2	-0.7	4.6
Operating margin	-7.1%	-28.4%	-46.2%	-25.4%	-21.6%	17.6%	-3.5%	11.8%

Other income (expense):
Interest income	0.2	0.0	0.1	0.1	0.2	0.1	0.0	0.0
Interest expense	0.0	-0.3	-0.4	-0.5	-0.5	-0.1	-0.1	-0.1
Foreign exchange income (expense)	-0.1	-0.1
Other income	0.0	0.5	0.6	0.4		0.0	0.1	0.0
Total other income, net	1.6	9.4	0.2	0.1	-0.3	0.0	0.1	0.0
Loss before income taxes	-0.2	4.8	-7.6	-4.9	-5.6	7.2
Income tax expense	0.0	0.0	-1.5	1.4	-0.4	1.9	-0.5	1.3
Net loss	-0.2	4.7	-6.1	-6.3	-5.2	5.3	-0.1	3.2

Loss per common share - basic (in dollars per share)	($0.03)	$0.71	($0.91)	($0.96)	($0.80)	$0.83	($0.02)	$0.52
Loss per common share - diluted (in dollars per share)	($0.03)	$0.71	($0.91)	($0.96)	($0.80)	$0.82	($0.02)	$0.51

Weighted average common shares outstanding:
Basic (in shares)	6.7	6.7	6.6	6.6	6.5	6.4	6.3	6.2
Diluted (in shares)	6.7	6.7	6.6	6.6	6.5	6.4	6.3	6.3