CVD Equipment Corporation

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I welcome to CDB Equipment Corporation's second quarter 2024 earnings call. As a reminder, this conference is being recorded. We will begin with some prepared remarks followed by a question and answer session. Presenting on the call today will be Emmanuel Rakios, President and CEO and member of the CVB Board of Directors, and Richard Catalano, Executive Vice President and Chief Financial Officer. We have posted our earnings press release and call replay information to the investor relations section of our website at www.cvbequipment.com. Before I begin, I would like to remind you that many of the comments made on today's call contain favorably statements, including those related to future financial performance, market growth, total available market, demands for our products and general business conditions, and outlook. These forward-looking statements are based on certain assumptions, expectations, and projections that are subject to a number of risks and uncertainties described in our press release and in our followings with the SEC, including the monument to the risk factors section of the company's 10K for the year ended December 31, 2023. Actual results may differ materially from those described during this call. In addition, all forward-looking statements are made as of today, and we undertake no obligation to update any forward-looking statements based on the new circumstances or revised expectations. Now, I'd like to turn the call over to Emmanuel Rojas. Please go ahead.

Joe, thank you, and good evening, everyone. Thank you for joining us today to discuss our second quarter 2024 financial results and other important company developments and pertinent information related to our business. We look forward to your questions in our Q&A session. quarter 2024 revenue was 6.3 million representing a 25.2% increase from the prior year period and was up 28.9% as compared to our first quarter of 2024. While our year-to-date revenue was 11.3 million which is 18.1% lower than the prior year period. We are pleased to have received PVT-200 system, which was part of the first quarter strategic order for silicon carbide 200 millimeter crystal bull growth. The performance of the system will be evaluated for production by our now second account.