Greetings and thank you for standing by and welcome to CVD Equipment Corporation’s Second Quarter 2024 Earnings Call. As a reminder, this conference is being recorded. [Operator Instructions] Presenting on the call today will be Emmanuel Lakios, President and CEO and member of the CVD 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.cvdequipment.com. Before I begin, I would like to remind you that many of the comments made on today’s call contain forward-looking 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 filings with the SEC, including but not limited to the risk factors section of the company’s 10-K 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 Lakios. 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. Your thoughts are important to us and we look forward to your questions in our Q&A session. Our second 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 recently shipped our newly launched PVT200 system, which was part of our of the first quarter strategic order for silicon carbide 200-millimeter crystal boule growth. The performance of the system will be evaluated for production by our now second account. We are encouraged that our backlog of $24 million at the end of June 30, 2024. It’s meaningfully higher than our year-end backlog of $18.4 million. Our orders for the second quarter were $3.2 million, primarily driven by demand in our SDC segment for our gas delivery equipment. Orders for the first 6 months of 2024 were $16.9 million as compared to $15.8 million for the first 6 months of 2023. During the first quarter, we received a $10 million multi-system order in our industrial market from a company coating components with silicon carbide. Overall, we are disappointed with CVD’s operating performance in the first half of the year as order and revenue levels continue to fluctuate, given the nature of the emerging growth end markets we serve and the adverse financial impact of a specific first article system that shipped in the second quarter. We’ll stay the course of strategic focus to build critical customer relationships, achieve profitability, carefully managing our cost and cash flow while simultaneously focusing on growth and return on investment. I would like to turn the call over to our CFO, Rich Catalano, who will provide an overview of our second quarter results.

Thank you, Manny, and good afternoon. As Manny mentioned, our revenue for the second quarter of 2024 was $6.3 million as compared to $5.1 million for the second quarter of 2023. This represents an increase of $1.3 million or 25.2%. The increase in revenue versus the prior year quarter was primarily attributable to higher revenue of $1 million from our CVD Equipment segment a $0.5 million increase in revenue from our SDC segment, offset by a 0.3% decrease from our CVD Materials segment due to the disposition of Tantaline in May of 2023 and the exit of our MesoScribe business. The increase in CVD Equipment was principally due to increases in revenue from aerospace contracts, offset in part by lower revenues for PVT150 systems and spare parts. Our SDC segment revenues were 29% higher than the second quarter of 2023 and were $0.4 million or 20% higher than the first quarter of 2024 as demand for SDC’s gas delivery system remains strong. Gross profit for the 3 months ended June 30, 2024, was $1.6 million with a gross profit margin of 25.4% as compared to a gross profit of $1.4 million or gross profit margin of 27.4% for the 3 months ended June 30, 2023. This increase in gross profit of $0.2 million was primarily due to higher revenues that was offset by a contract mix with lower gross margins as compared to the prior year quarter. Our operating loss for the second quarter of 2024 was $0.9 million as compared to an operating loss of $1.2 million in the second quarter of 2023. The operating loss in the prior year second quarter both included a nonrecurring charge of $0.3 million related to the sale of the Tantaline subsidiary and also an impairment charge resulting from our decision to exit…

Rich, thank you for your presentation. Our focus remains on our customer markets, our employees, our shareholders and the pursuit of growth and return to consistent profitability. We look forward to continuing to build on our success in the year ahead. Your comments and questions are important to us. With the close of our presentation, I would like to open the floor to your questions.

Thank you, operator, and thank you, everyone, for dialing in today. We appreciate the attendance on the call and the support and of course, the loyalty from our shareholders and employees alike. If you have any further questions, please reach out to me directly. This concludes our second quarter call. Thank you.

Thank you. This concludes today’s conference. You may now disconnect your lines. Thank you for your participation.