Why Is CVD Equipment (CVV) Stock Down Over 17% After Hours Today?

CVD Equipment (NASDAQ:CVV) shares fell 17.66% in after-hours trading after reporting a steep 70.9% revenue decline to $1.8 million in Q1 2026, wider net losses, and continued pressure from geopolitical uncertainty and lower university funding. However, the company completed the sale of its SDC division generating $14.8 million in cash proceeds, improving its balance sheet with $23 million in cash and no long-term debt.