If you have been looking for a sign that graphene investments are about to take off then look no further. What could be more convincing than the latest fiscal results from CVD Equipment Corporation, where a 91% increase in annual revenue is matched by a 610% increase in net earnings.
RONKONKOMA, N.Y., (Business Wire) – March 27, 2012 – CVD Equipment Corporation (NASDAQ: CVV) announced record revenue and earnings for the year ending December 31, 2011.
Our record revenue for fiscal year 2011 reached approximately $30,994,000 exceeding our annual 2010 revenue of $16,258,000 by 91%. We also achieved record net earnings of $3,779,000 or $0.69 per basic share and $0.67 per diluted share for the year ended December 31, 2011 which exceeded our net earnings of $532,000 or $0.11 per basic and diluted share for year ended December 31, 2010 by 610%.