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                    US SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, DC 20549
                                 FORM 10-QSB

   (Mark One)
   (X)  QUARTERLY REPORT PURSUANT TO SECTION 13 or 15 (d) OF THE SECURITIES
                             EXCHANGE ACT OF 1934
           For the quarterly period ended     3-31-00

   (  ) TRANSITION REPORT PURSUANT TO SECTION 13 or 15 (d) OF THE EXCHANGE ACT
           For the transition period from _____________to______________
            Commission file number_______2-97210-NY____________________

                          CVD EQUIPMENT CORPORATION
      (Exact name of small business issuer as specified in its charter)

                                   NEW YORK
        (State or other jurisdiction of incorporation or organization)

                                  11-2621692
                     (IRS Employer Identification Number)

                  1881 LAKELAND AVENUE, RONKONKOMA, NY 11779
                   (Address of principal executive offices)

                                 631-981-7081
                          (Issuers Telephone Number)


       (Former name, former address, and former fiscal year, if changed
                              since last report)

       Check whether the issuer (1) filed all reports required to be
   filed by section 13 or 15 (d) of the Exchange Act during the past
   12 months (or for such shorter periods that the registrant was
   required to file such reports), and (2) has been subject to such
   filing requirements for the past 90 days.
           Yes     X       No

   APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS
   DURING THE PRECEDING FIVE YEARS
       Check whether the registrant filed all documents and reports
   required to be filed by Section 12, 13 or 15 (d) of the Exchange
   Act after the distribution of securities under a plan confirmed
   by a court.
           Yes             No

   APPLICABLE ONLY TO CORPORATE ISSUERS
       State the number of shares outstanding of each of the issuer's
   classes of common equity, as of the latest practicable date:

   2,926,750 SHARES OF COMMON STOCK, $.01 PAR VALUE AS OF 05-10-99

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                          CVD EQUIPMENT CORPORATION
                        NOTE TO FINANCIAL STATEMENTS
                           FOR THE QUARTER ENDING
                               MARCH 31, 2000

                        BASIS OF FINANCIAL STATEMENTS

  The financial data is subject to year end audit and does not claim to be
  a complete presentation since note disclosure under generally accepted
  accounting procedures is not included.  Note disclosures required under
  generally accepted accounting procedures are included in the Company's
  audited financial statements filed as part of Form 10-KSB for the year
  ended December 31, 1999.  Form 10-QSB should be read in conjunction with
  these financial statements.

  The results of operations for the three months are not necessarily
  indicative of those for the full year.  In the opinion of management, the
  accompanying unaudited financial statements contain all adjustments
  necessary to fairly present the financial position and the results of
  operation for the periods indicated.

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                           MANAGEMENT'S DISCUSSION

  INTRODUCTION
  Statements contained in this Report on Form 10-QSB that are not
  historical facts are forward-looking statements within the meaning of
  Section 21E of the Securities Exchange Act of 1934, as amended, including
  without limitation, statements regarding industry trends, strategic
  business development, pursuit of new markets, competition, results from
  operations, and are subject to the safe harbor provisions created by that
  statute.  A forward-looking statement may contain words such as
  "intends",  "plans", "anticipates", "believes", "expect to", or words of
  similar import.  Management cautions that forward-looking statements are
  subject to risks and uncertainties that could cause the Company's actual
  results to differ materially from those projected.  These risks and
  uncertainties include, but are not limited to, marketing success, product
  development, production, technological difficulties, manufacturing costs,
  and changes in economic conditions in the markets the Company serves.
  The Company undertakes no obligation to release revisions to forward-
  looking statements to reflect subsequent events, changed circumstances,
  or the occurrence of unanticipated events.


  FORWARD LOOKING STATEMENTS
        Certain statements in this Management's Discussion and Analysis of
  Financial Condition and Results of Operations constitute "forward looking
  statements" within the meaning of the Private Securities Litigation
  Reform Act of 1995.  Such forward looking statements involve known and
  unknown risks, uncertainties and other factors which may cause the actual
  results, performance, or achievements of the Company to be materially
  different from any future results, performance, or achievements expressed
  or implied by such forward looking statements.  These forward looking
  statements were based on various factors and were derived utilizing
  numerous important assumptions and other important factors that could
  cause actual results to differ materially from those in the forward
  looking statements.  Important assumptions and other factors that could
  cause actual results to differ materially from those in the forward
  looking statements, include, but are not limited to: competition in the
  Company's existing and potential future product lines of business; the
  Company's ability to obtain financing on acceptable terms if and when
  needed; uncertainty as to the Company's future profitability, uncertainty
  as to the future profitability of acquired businesses or product lines,
  uncertainty as to any future expansion of the company.  Other factors and
  assumptions not identified above were also involved in the derivation of
  these forward looking statements, and the failure of such assumptions to
  be realized as well as other factors may also cause actual results to
  differ materially from those projected.  The Company assumes no
  obligation to update these forward looking statements to reflect actual
  results, changes in assumptions or changes in other factors affecting
  such forward looking statements.

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<TABLE>
<CAPTION>

                                CVD EQUIPMENT CORPORATION
                                      BALANCE SHEETS
                                      MARCH 31, 2000



                                                              MARCH 31        DECEMBER 31
                                                                2000             1999
                                                             (UNAUDITED)       (AUDITED)
                                                             ------------    ------------
  <S>                                                        <C>             <C>
  ASSETS
  CURRENT ASSETS
     CASH AND CASH EQUIVALENTS                               $   777,553     $    91,714
     ACCOUNTS RECEIVABLE                                         767,992       1,019,771
     COST IN EXCESS OF BILLINGS ON UNCOMPLETED CONTRACTS         494,691         490,214
     SECURITIES AVAILABLE-FOR-SALE                               297,000         297,000
     INVENTORY                                                   480,650         713,762
     DEFERRED TAX ASSET                                           17,490          17,490
     PREPAID INCOME TAXES                                            -            12,812
     OTHER CURRENT ASSETS                                         35,904          39,387
                                                             ------------    ------------
           TOTAL CURRENT ASSETS                                2,871,280       2,682,150
  PROPERTY, PLANT AND EQUIPMENT                                2,167,243       2,204,644
  DEFERRED TAX ASSET                                             361,563         348,768
  OTHER ASSETS                                                   158,632         177,267
                                                             ------------    ------------
           TOTAL ASSETS                                      $ 5,558,718     $ 5,412,829
                                                             ============    ============

  LIABILITIES AND STOCKHOLDERS' EQUITY
  CURRENT LIABILITIES
     ACCOUNTS PAYABLE                                        $   137,930     $   171,138
     ACCRUED EXPENSES                                            331,918         284,134
     BILLINGS IN EXCESS OF COSTS ON UNCOMPLETED CONTRACTS        126,040          67,504
     CURRENT MATURITIES OF LONG-TERM DEBT                         17,230          16,936
                                                             ------------    ------------
           TOTAL CURRENT LIABILITIES                             613,118         539,712
  LONG-TERM DEBT                                                 973,916         978,552
                                                             ------------    ------------
                                                               1,587,034       1,518,264

  COMMITMENTS AND CONTINGENCIES
  STOCKHOLDERS' EQUITY
     COMMON STOCK - $0.01 PAR - SHARES AUTHORIZED 10,000,000;
     ISSUED & OUTSTANDING 2,926,750                               29,268          29,188
     ADDITIONAL PAID-IN CAPITAL                                2,839,910       2,838,990
     RETAINED EARNINGS                                         1,138,016       1,061,897
     ACCUMULATED OTHER COMPREHENSIVE INCOME                      (35,510)        (35,510)
                                                             ------------    ------------
         TOTAL STOCKHOLDERS' EQUITY                            3,971,684       3,894,565
                                                             ------------    ------------
         TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY          $ 5,558,718     $ 5,412,829
                                                             ============    ============
</TABLE>

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<TABLE>
<CAPTION>
                             CVD EQUIPMENT CORPORATION
                   STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
                                   MARCH 31, 2000


                                                                  THREE MONTHS ENDED
                                                                       MARCH 31

                                                                 2000            1999
                                                             (UNAUDITED)     (UNAUDITED)
                                                             ------------    ------------
  <S>                                                        <C>             <C>

  REVENUES
     REVENUE ON COMPLETED CONTRACTS                          $ 1,321,507     $   307,363
     REVENUE ON UNCOMPLETED CONTRACTS                            453,923         524,225
                                                             ------------    ------------
                                         TOTAL REVENUES        1,775,430         831,588
                                                             ------------    ------------
  COSTS OF REVENUES
     COST ON COMPLETED CONTRACTS                                 935,426         461,248
     COST ON UNCOMPLETED CONTRACTS                               268,485         310,092
                                                             ------------    ------------
                                TOTAL COSTS OF REVENUES        1,203,911         771,340
                                                             ------------    ------------

                                           GROSS PROFIT          571,519          60,248
                                                             ------------    ------------
  OPERATING EXPENSES
     SELLING AND SHIPPING                                        122,402          99,915
     GENERAL AND ADMINISTRATIVE                                  345,652         268,197
                                                             ------------    ------------
                               TOTAL OPERATING EXPENSES          468,054         368,112
                                                             ------------    ------------
                                OPERATING INCOME (LOSS)          103,465        (307,864)
                                                             ------------    ------------
  OTHER INCOME (EXPENSE)
     INTEREST INCOME                                              10,798          18,210
     INTEREST EXPENSE                                            (17,972)         (4,981)
     OTHER INCOME                                                  3,080           1,791
                                                             ------------    ------------
                               TOTAL OTHER INCOME(LOSS)           (4,094)         15,020
                                                             ------------    ------------

                                    INCOME BEFORE TAXES           99,371        (292,844)
  INCOME TAX BENEFIT (PROVISION)                                 (23,252)            -
                                                             ------------    ------------
                                      NET INCOME (LOSS)           76,119        (292,844)

  OTHER COMPREHENSIVE INCOME, NET OF TAX
     UNREALIZED LOSS ON SECURITIES AVAILABLE FOR SALE                -            (3,811)
                                                             ------------    ------------
                                   COMPREHENSIVE INCOME      $    76,119     $  (296,655)
                                                             ============    ============
  EARNINGS PER SHARE
     BASIC                                                        $0.03          $(0.10)
     DILUTED                                                      $0.02          $(0.10)

  WEIGHTED AVERAGE SHARES
     BASIC                                                     2,926,750       2,918,750
     DILUTED                                                   3,079,390       2,992,144
</TABLE>

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<TABLE>
<CAPTION>
                                CVD EQUIPMENT CORPORATION
                                 STATEMENT OF CASH FLOWS
                                      MARCH 31, 2000


                                                                  THREE MONTHS ENDED
                                                                       MARCH 31

                                                                 2000            1999
                                                             (UNAUDITED)     (UNAUDITED)
                                                             ------------    ------------
  <S>                                                        <C>             <C>
  CASH FLOWS FROM OPERATING ACTIVITIES
     NET  INCOME (LOSS)                                      $    76,119     $  (292,844)
     ADJUSTMENTS TO RECONCILE NET INCOME TO NET
       CASH PROVIDED BY OPERATING ACTIVITIES:
     DEFERRED TAX PROVISION (benefit)                            (12,795)            -
     DEPRECIATION AND AMORTIZATION                                61,820          52,391
    (INCREASE) DECREASE IN:
     ACCOUNTS RECEIVABLES                                        251,779         179,445
     COST IN EXCESS OF BILLINGS ON UNCOMPLETED CONTRACTS          (4,477)        551,657
     INVENTORY                                                   233,112           1,332
     PREPAID INCOME TAXES                                         12,808             -
     OTHER CURRENT ASSETS                                          3,482          14,595
     OTHER ASSETS                                                  7,129         (33,165)
     INCREASE (DECREASE) IN:
       ACCOUNTS PAYABLE                                          (33,208)         69,704
       ACCRUED EXPENSES                                           47,785          83,788
       BILLINGS IN EXCESS OF COSTS ON UNCOMPLETED CONTRACTS       58,536         (46,993)
                                                             ------------    ------------

          NET CASH PROVIDED BY OPERATING ACTIVITIES              702,090         579,910
                                                             ------------    ------------

  CASH FLOWS FROM INVESTING ACTIVITIES
     CAPITAL EXPENSE...EQUIPMENT                                 (12,910)         (7,485)
     SALE OF SECURITIES                                              -           250,000
                                                             ------------    ------------

          NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES    (12,910)        242,515
                                                             ------------    ------------

  CASH FLOWS FROM FINANCING ACTIVITIES
     PAYMENTS ON SHORT-TERM BORROWINGS                               -          (300,000)
     PROCEEDS (PAYMENTS) - CURRENT                                   294          (1,181)
     PAYMENTS  - LONGTERM                                         (4,635)            -
     PROCEEDS FROM EXERCISE OF STOCK OPTIONS                       1,000             -
                                                             ------------    ------------

          NET CASH USED IN FINANCING ACTIVITIES                   (3,341)       (301,181)
                                                             ------------    ------------

          NET INCREASE IN CASH AND CASH EQUIVALENTS              685,839         521,244

  CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE QUARTER       91,714         127,489
                                                             ------------    ------------

        CASH AND CASH EQUIVALENTS AT THE END OF THE QUARTER  $   777,553     $   648,733
                                                             ============    ============
</TABLE>

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          ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
                      THREE MONTHS ENDED MARCH 31, 2000

  REVENUE
  An increase in volume resulted in revenue for the first quarter 2000
  being $1,775,430, which was a 113% increase from  first quarter 1999
  revenues of $831,588.

  COSTS AND EXPENSES
  The actual cost of revenue increased from $1,203,911 in the first quarter
  of 2000 when compared to $771,340 in the first quarter of 1999. Of this
  $432,571 increase, $191,000 is attributed to material and  $232,000 to
  work-in-process completion.

  Selling and shipping expenses increased to $122,402 in the first quarter
  of 2000 from  $99,915 in the first quarter of 1999. Of this $22,487
  increase, $11,000 is attributed to salaries, $7,000 freight expense and
  $4,000 to travel expense.

  General and Administrative expenses increased to $345,652 in the first
  quarter of 2000 from $268,197 in the first quarter of 1999. Of this
  $77,455 increase, $11,000 is attributed to legal fees,  $ 5,000 to
  accounting fees, $49,000 to salaries, and $10,000, to depreciation
  expenses.

  Interest expense increased by $12,991 from first quarter 1999 to first
  quarter 2000, because the company's average outstanding debt increased.
  This was mainly due to the mortgage on the SDC facility acquired on April
  1999.

  The significant increase in Costs and Expenses in the first quarter of
  2000 over prior periods is associated with the startup of our new
  Engineering Consulting Services division located at 1117 Kings Highway,
  Saugerties, NY 12477. The new division became fully operational during
  the first quarter of 2000.

  LIQUIDITY AND CAPITAL RESOURCES

  By first quarter ending 2000, the Company's cash position increased to
  $777,553 from $91,714 at the beginning of the year. The increase in cash
  is largely attributed to the increase in revenues and decrease in account
  receivables.

  At the end of first quarter 2000, the Company's account receivable
  position decreased to $767,992 from $ 1,019,771 at the beginning of the
  quarter. This decrease was attributable to timing of customer payments
  and billings.

  At the close of first quarter 2000, the Company's backlog increased to
  $2,168,363 from $1,740,830 at the beginning of the quarter. This increase
  is due to an increase in orders.


<PAGE> 8







  SIGNATURES


  Pursuant to the requirements of Section 13 or 15 (d) of the Securities
  Exchange Act of 1934, the Registrant has duly caused this report to be
  signed on its behalf by the undersigned, thereunto duly authorized, this
  10th day of May 2000.

                               CVD EQUIPMENT CORPORATION

                               By: /s/ Leonard A. Rosenbaum
                                    Leonard A. Rosenbaum
                                    President and Chief Executive Officer


  Pursuant to the requirements of the Securities and Exchange Act of 1934,
  this report signed below by the following persons on behalf of the
  Registrant and in the capacities and on the dates indicated.


  /s/ Leonard A. Rosenbaum  President, Chief Executive Officer and Director
  Leonard A. Rosenbaum




  /s/ Mitchell Drucker      Chief Financial Officer
  Mitchell Drucker