CVD Equipment Corporation Announces Sale Of Its Tantaline Subsidiary; Company Expects To Record A Loss On The Sale Of ~$250,000 During The Quarter Ending June 30, 2023
Portfolio Pulse from Happy Mohamed
CVD Equipment Corporation (NASDAQ:CVV) has announced the sale of its Tantaline subsidiary, expecting to record a loss of approximately $250,000 during the quarter ending June 30, 2023. The sale allows the company to focus on its core growth markets.
May 30, 2023 | 8:15 pm
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CVD Equipment Corporation sells its Tantaline subsidiary, expecting a $250,000 loss in Q2 2023. The sale allows the company to focus on core growth markets.
The sale of Tantaline is expected to result in a loss of $250,000 for CVD Equipment Corporation, which may negatively impact its stock price in the short term. However, the sale allows the company to focus on its core growth markets, which could have a positive long-term effect.
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