{"filings":[{"id":2244757,"accession_number":"0001999371-26-017871","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2026-08-13T20:25:48+00:00","items":["2.02","9.01"],"status":"ready","headline":"CPI Aerostructures Q2 2026: revenue up 16% to $17.6M, net income $0.7M vs loss","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q2 revenue $17.6M vs $15.2M; net income $0.7M vs $(1.3)M loss; EPS $0.05 vs $(0.10).","Gross margin expanded to 22.0% from 4.4%; adjusted EBITDA $1.4M vs $(1.7)M.","Six-month net income $1.9M vs $(2.6)M loss; adjusted EBITDA $3.5M vs $(2.5)M.","Backlog $533M; $62M in new contract awards in 2026 for new-generation products."],"consensus_eps_estimate":null,"consensus_eps_actual":0.15,"consensus_revenue_estimate":null,"consensus_revenue_actual":34941472.0,"consensus_period":"2026-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":1000156,"accession_number":"0001999371-26-012645","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2026-06-11T20:11:40+00:00","items":["5.02","9.01"],"status":"ready","headline":"CPI Aerostructures raises CEO and CFO annual base salaries","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["CEO Dorith Hakim salary increased from $405,000 to $425,000, effective May 1, 2026.","CFO Robert Mannix salary increased from $300,000 to $325,000, effective July 1, 2026.","Changes approved by Compensation Committee on June 8, 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":482557,"accession_number":"0001999371-26-010939","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2026-05-18T12:08:03+00:00","items":["2.02","9.01"],"status":"ready","headline":"CPI Aerostructures Q1 2026 revenue $17.4M, net income $1.2M vs loss of $1.3M prior year","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $17.4M (+13% YoY); gross profit $4.5M (25.8% margin vs 10.7%)","Net income $1.2M ($0.10 EPS) vs net loss ($1.3M) ($0.10 loss per share) in Q1 2025","Adjusted EBITDA $2.1M vs $(0.8)M; 53% growth excluding A-10 program impact","Backlog of $495M; preparing for production on new missile work","CEO cites favorable product mix and operational efficiencies as key drivers"],"consensus_eps_estimate":null,"consensus_eps_actual":0.09,"consensus_revenue_estimate":null,"consensus_revenue_actual":17359940.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":115521,"accession_number":"0001999371-26-007364","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2026-03-31T23:59:59+00:00","items":["2.02","8.01","9.01"],"status":"ready","headline":"CPI Aero Q4 net income $0.7M, FY2025 net loss $0.8M on A-10 termination","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 revenue $19.4M (down 11% YoY), net income $0.7M ($0.05 EPS) vs $1.0M ($0.08 EPS) prior year.","FY2025 revenue $69.3M (down 14.5% from $81.1M), net loss ($0.8M) or ($0.07) per share.","A-10 program termination drove gross margin to 15.2%; adj. EBITDA ex A-10 was $5.5M vs $7.8M in 2024.","Debt refinanced Dec 2025 with Western Alliance Bank, maturity extended to Dec 2030, lower rate.","Backlog $505M; contract awards from Raytheon, Lockheed, USAF, Sikorsky across multiple programs."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":131944,"accession_number":"0001999371-25-020225","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2025-12-12T23:59:59+00:00","items":["1.01","1.02","2.03","9.01"],"status":"ready","headline":"CPI Aerostructures enters $20M credit facilities with Western Alliance, repays BankUnited","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["New $10M revolving line and $10M term loan from Western Alliance Bank, maturing Dec 12, 2030.","Proceeds used to repay existing BankUnited credit facility in full; no prepayment penalty incurred.","Term loan funded at closing; quarterly installments start April 5, 2026; variable rate based on 1-month SOFR plus margin.","Facilities secured by substantially all assets of CPI and its subsidiaries WMI and Compac.","Financial covenants include minimum Fixed Charge Coverage Ratio of 1.25x and max Funded Leverage Ratio starting at 3.75x."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":131943,"accession_number":"0001999371-25-019911","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2025-12-09T23:59:59+00:00","items":["1.01","5.02","9.01"],"status":"ready","headline":"CPI Aerostructures appoints Robert Mannix as CFO and Secretary effective Dec 8, 2025","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Robert Mannix named CFO and Secretary; succeeds interim CFO Pamela Levesque.","Base salary $300,000; target bonus 40% of base; LTIP 40% of base in restricted stock (50% time-vest, 50% performance-vest).","Mannix has over 30 years experience; most recently EVP and CAO at West Technology Group (2018-2025).","Entered into standard indemnification agreement and a severance/change-in-control agreement with severance of 26-52 weeks salary."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":131942,"accession_number":"0001999371-25-017755","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2025-11-14T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"CPI Aerostructures Q3 net income up 49% to $1.1M; debt at all-time low","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q3 revenue $19.3M (flat YoY); gross margin improved to 22.3% from 21.7%.","Q3 net income $1.1M ($0.09 EPS) vs $0.7M ($0.06 EPS); EBITDA $1.9M vs $1.7M.","Nine-month net loss of $1.5M vs income $2.3M, impacted by Boeing A-10 termination.","Debt reduced to $15.9M; backlog $509M; new Raytheon award for missile wing assemblies."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.12,"consensus_revenue_estimate":null,"consensus_revenue_actual":49848818.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":131941,"accession_number":"0001999371-25-016567","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2025-10-30T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"CPI Aero issues statement on unusual trading activity; no material undisclosed developments","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Responding to NYSE American request after unusual trading in CVU common stock on Oct. 30, 2025.","Internal review confirms no material, undisclosed corporate developments to explain the activity.","Earlier press release disclosed Raytheon order for missile wing assemblies; order is ordinary course similar to prior orders.","Company will continue to monitor trading and comply with disclosure obligations."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":148520,"accession_number":"0001999371-25-011680","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2025-08-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"CPI Aerostructures Q2 2025 revenue $15.2M, net loss $1.3M, A-10 write-off $2.3M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $15.2M vs $20.8M YoY; net loss $1.3M vs profit $1.4M; EPS loss $0.10 vs $0.11 profit.","A-10 Program write-off of $2.3M in Q2 due to Boeing termination; total six-month impact $4.5M.","Adjusted EBITDA loss $1.7M; without A-10 impact $0.6M positive.","Debt reduced to $16.2M (all-time low); backlog $506M with new awards from Raytheon, Sikorsky, Lockheed, US Air Force, Embraer.","Material weakness in internal control over financial reporting related to debt covenant; no bearing on results, remediation underway."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.21,"consensus_revenue_estimate":null,"consensus_revenue_actual":30579716.0,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":148519,"accession_number":"0001999371-25-010106","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2025-07-28T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"CPI Aerostructures appoints Pamela Levesque as interim CFO; Philip Passarello resigns","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Philip Passarello resigned as CFO/Secretary July 22, 2025; remains VP of Finance for transition.","Pamela Levesque, director since Oct 2023, appointed interim CFO and Secretary effective July 22, 2025.","Levesque receives $350k annual base salary plus monthly vested shares valued at $17,500.","Levesque no longer eligible for non-employee director compensation; left audit and nominating committees."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":167354,"accession_number":"0001999371-25-008269","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2025-06-25T23:59:59+00:00","items":["5.02","5.07","9.01"],"status":"ready","headline":"CPI Aerostructures shareholders approve 2025 long-term incentive plan, elect three Class III directors","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Shareholders approved 2025 Long-Term Incentive Plan authorizing up to 800,000 shares of common stock for equity awards.","Plan features include minimum one-year vesting, prohibition on repricing underwater options, and annual cap of $225K for non-employee directors.","Class III directors Carey Bond, Michael Faber, and Dorith Hakim elected; Hakim received 7,462,351 votes for (highest).","Advisory say-on-pay approved with 5,822,280 votes for, 1,713,833 against; plan adoption passed with 5,417,843 for, 2,143,803 against.","Ratification of CBIZ CPAs as independent auditor for fiscal 2025 approved with 10,610,180 votes for."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":167353,"accession_number":"0001999371-25-006252","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2025-05-15T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"CPI Aero Q1 net loss $1.3M after $2.1M A-10 program charge; revenue falls to $15.4M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $15.4M vs $19.1M in Q1 2024; net loss of $1.3M vs net income of $0.2M.","A-10 program pre-tax loss of $2.1M due to higher manufacturing costs on 2019 fixed-price contract.","Excluding A-10 impact, gross margin was 21.6% vs 18.6% prior year; income before tax was $0.5M.","Debt reduced to $16.7M (all-time low); Debt-to-Adjusted EBITDA ratio 2.9, ninth consecutive quarter below 3.0.","Backlog $516M with new awards from L3Harris, Raytheon, Lockheed, Embraer."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.1,"consensus_revenue_estimate":null,"consensus_revenue_actual":15400608.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":167352,"accession_number":"0001999371-25-005786","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2025-05-09T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"CPI Aerostructures raises CEO base salary to $405,000 effective May 1, 2025","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["CEO Dorith Hakim's base salary increased 4.9% to $405,000.","Increase effective May 1, 2025, approved by Compensation Committee on May 8, 2025.","No other changes to CEO compensation or other officers disclosed."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":167351,"accession_number":"0001999371-25-004802","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2025-04-25T23:59:59+00:00","items":["4.01","9.01"],"status":"ready","headline":"CPI Aerostructures replaces auditor Marcum with CBIZ CPAs after Marcum's attest-asset sale","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Marcum LLP resigned April 24, 2025, effective immediately, due to CBIZ CPAs acquiring Marcum's attest business.","Audit committee approved engagement of CBIZ CPAs as independent auditor for fiscal year ending December 31, 2025.","No disagreements or reportable events occurred between CPI and Marcum during FY2024 or subsequent interim period.","Marcum's audit report for FY2024 was unqualified; no adverse opinion or scope limitation."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":167350,"accession_number":"0001999371-25-004345","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2025-04-17T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"CPI Aerostructures extends headquarters lease to April 30, 2031 with escalating rent","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Monthly base rent ranges from $181,782 (May 2026-Apr 2027) to $204,597 (May 2030-Apr 2031).","Annual rent for year one of extension: $2,181,384; year five: $2,455,167.","Landlord to fix drainage, roof, and HVAC within 120 days at its sole cost.","Lease term extended 5 years from prior expiration of April 30, 2026.","No broker involved; parties represent no existing defaults under the lease."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":184666,"accession_number":"0001999371-25-003535","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2025-03-31T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"CPI Aero Q4 revenue $21.8M, adj net income up 22% YoY; FY backlog $510M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 revenue $21.8M (down 7% YoY); gross margin improved to 20.0% from 17.4%.","Adjusted net income $1.4M ($0.11 EPS) vs $0.6M ($0.05 EPS) in Q4 2023.","Full-year 2024 revenue $81.1M; adjusted net income $3.7M, up 22% from $3.0M.","Debt reduced to $17.4M from $20.1M; Debt/Adjusted EBITDA ratio 2.2x.","Backlog $510M with new program awards from L3Harris, Raytheon, Embraer."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.1,"consensus_revenue_estimate":null,"consensus_revenue_actual":15400608.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":201246,"accession_number":"0001839882-24-039777","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2024-11-18T23:59:59+00:00","items":["5.05","9.01"],"status":"ready","headline":"CPI Aerostructures amends Code of Ethics and Business Conduct effective Nov 12, 2024","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Expanded conflict of interest guidelines; directors and executive officers must seek Audit and Finance Committee authorizations.","Enhanced sections on fair dealing, confidentiality, and protection/use of company assets.","Includes administrative and clarifying adjustments to reflect current regulatory expectations and best practices.","Amended Code filed as Exhibit 14.1, effective November 12, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":201245,"accession_number":"0001999371-24-014677","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2024-11-14T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"CPI Aerostructures Q3 net income up 149% to $0.7M; gross margin 21.7%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $19.4M (down 5% YoY); gross profit $4.2M; net income $0.7M ($0.06 EPS) vs $0.3M ($0.02 EPS).","Gross margin 21.7% vs 18.2% (350 bps improvement) on improved product mix and efficiencies.","Adjusted EBITDA $1.7M, up 15.6% from $1.4M; operating cash flow $0.7M vs $0.0M.","Debt reduced to $18.2M from $20.9M; Debt-to-Adjusted EBITDA ratio 2.5, seventh consecutive quarter below 3.0.","Received L3Harris award for Next Generation Jammer Low Band Pod; backlog $506M as of Sep 30, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":0.18,"consensus_revenue_estimate":null,"consensus_revenue_actual":59311356.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":201244,"accession_number":"0001999371-24-014651","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2024-11-13T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"CPI Aerostructures extends credit revolver to Aug 2026; reduces interest margin to 2.0%","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Maturity extended to August 31, 2026; Base Rate Margin reduced to 2.0% from 3.50%.","Revolving credit max principal steps down from $16.89M (Jan-Mar 2025) to $12.39M (Jul 2026 onward).","Outstanding revolver balance as of Nov 8, 2024: $17.64M.","Must deliver acceptable refinancing commitment by Dec 31, 2025, or pay 2% of outstanding balance by Jan 31, 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":217264,"accession_number":"0001999371-24-010412","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2024-08-20T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"CPI Aerostructures appoints Philip Passarello as CFO, replacing Andrew Davis","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Philip Passarello appointed CFO effective August 20, 2024; 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prior CFO Andrew Davis terminated without cause","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Philip Passarello, 45, appointed CFO and Secretary effective August 19, 2024; replaces Andrew Davis whose employment was terminated without cause.","Passarello will receive annual base salary of $350,000, eligibility for annual short-term cash and long-term equity incentive plans up to 40% each.","One-time equity award of 20,000 restricted shares vesting August 19, 2026; $100,000 in cash bonuses conditional on timely SEC filings.","Severance and change in control agreement provides for 12 months salary without cause, 1.5x salary in change in control termination.","Passarello previously VP of Finance at TTM Technologies and Telephonics; earlier career at KPMG."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":217262,"accession_number":"0001999371-24-010063","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2024-08-13T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"CPI Aerostructures Q2 net income up 21.9% to $1.4M, EPS $0.11, adjusted EBITDA $2.6M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q2 revenue $20.8M (flat YoY), gross margin 24.6% (+220 bps), net income $1.4M (+21.9%).","Adjusted EBITDA $2.6M (+25% YoY) but ops consumed $0.6M cash versus breakeven last year.","Six-month revenue $39.9M (-6.3% YoY), net income $1.6M (-23.8%), EPS $0.12 vs $0.17.","Debt reduced $2.4M YoY to $18.9M; Debt-to-Adjusted EBITDA ratio 2.7x, sixth quarter below 3.0.","Backlog $512M at June 30; CEO cites uptick in RFQs and expects continued program wins."],"consensus_eps_estimate":null,"consensus_eps_actual":0.12,"consensus_revenue_estimate":null,"consensus_revenue_actual":39891477.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":237075,"accession_number":"0001839882-24-019317","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2024-06-21T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"CPI Aerostructures settles SEC probe over 2018-2022 restatements; faces $400k penalty if remediation fails","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Settlement with SEC via cease-and-desist order; company neither admits nor denies findings.","Must fully remediate material weakness in ICFR and have effective controls by Dec 31, 2024.","If compliance fails, a $400,000 civil penalty is due to SEC by June 30, 2025.","SEC credited remedial actions: remediated all material weaknesses, revised SOX program, hired new personnel.","CEO Dorith Hakim stated commitment to improving policies and ensuring compliance with the agreement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":237074,"accession_number":"0001999371-24-007629","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2024-06-20T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"CPI Aerostructures shareholders re-elect directors, approve say-on-pay frequency and executive compensation","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Pamela Levesque re-elected as Class II director: 7,132,758 for, 327,822 withheld.","Richard C. Rosenjack Jr. re-elected as Class II director: 7,039,920 for, 420,660 withheld.","Advisory say-on-pay frequency set to every year: 6,371,435 for, 39,902 for two years, 1,033,188 for three years.","Advisory approval of NEO compensation passed: 6,590,723 for, 847,004 against, 22,853 abstain."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.15,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":237073,"accession_number":"0001839882-24-019195","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2024-06-20T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"CPI Aerostructures increases CEO base salary 4.8% to $385,000","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["CEO Dorith Hakim annual base salary raised 4.8% to $385,000, effective May 1, 2024.","Decision made by Compensation and Human Resources Committee on June 16, 2024.","No other changes to executive compensation were disclosed in the filing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":237072,"accession_number":"0001839882-24-019039","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2024-06-18T23:59:59+00:00","items":["4.01","9.01"],"status":"ready","headline":"CPI Aerostructures dismisses RSM US LLP, appoints Marcum LLP as auditor","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Audit committee dismissed RSM US LLP and engaged Marcum LLP effective June 17, 2024.","RSM's audit reports for 2022 and 2023 contained no adverse opinion or modification.","No disagreements with RSM on accounting principles or disclosure during the period.","Reportable events related to previously disclosed internal control weaknesses in fiscal 2022 and 2023.","Company authorized RSM to fully respond to Marcum's inquiries regarding those reportable events."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":237071,"accession_number":"0001999371-24-006173","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2024-05-16T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"CPI Aero Q1 2024 revenue $19.1M, down 13% YoY; net income $0.2M, EPS $0.01","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $19.1M, down from $22.0M in Q1 2023, driven by completion of NGJ Mid Band Pod LRIP 2 deliveries.","Gross profit $3.6M (18.6% margin) vs $4.7M (21.2%); 260 bps decline on unfavorable mix.","Net income $0.2M ($0.01 EPS) vs $1.0M ($0.08 EPS) a year earlier.","Cash used in operations ($1.0M) vs $0.9M provided in Q1 2023; debt reduced to $19.1M from $22.1M.","Backlog remains strong at $510M as of March 31, 2024; expects LRIP 3 deliveries to resume H2 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":0.01,"consensus_revenue_estimate":null,"consensus_revenue_actual":19081143.0,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":237070,"accession_number":"0001999371-24-004539","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2024-04-08T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"CPI Aero Q4 net income $14.8M, EPS $1.20 (incl. $1.11 tax benefit); 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files late 10-K notice","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Deferred tax asset and liability each overstated by $2.6M due to inadequate review of temporary differences.","No material impact on previously reported net income, EPS, or cash flow for FY2022.","Files Form 12b-25 for delayed 2023 10-K; expects to file by April 16, 2024.","Material weakness identified; remediation underway."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":254659,"accession_number":"0001839882-24-004986","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2024-02-21T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"CPI Aerostructures extends credit line to Aug 2025 with step-down max to $15.48M","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Revolving credit maturity extended to August 31, 2025, from prior date.","Maximum principal amount reduced stepwise: $19.8M (Jan-Mar 2024) to $15.48M (post-June 2025).","Outstanding Revolving Credit Loans as of Feb 20, 2024: $19,560,000.","Amendment updates permitted sales of receivables to RTX, GKN, Triumph, Embraer counterparties."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":272121,"accession_number":"0001999371-23-000217","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2023-11-14T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"CPI Aero Q3 net income falls to $0.3M from $1.9M; gross margin drops to 18.2%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q3 revenue $20.4M (flat YoY); net income $0.3M vs $1.9M; diluted EPS $0.02 vs $0.15.","Gross margin 18.2% vs 26.4% due to supply chain challenges and unfavorable mix per CEO.","Nine-month revenue $63.0M (+6.3%); net income $2.4M; adjusted EPS $0.25 ex-severance.","Debt reduced to $20.9M from $23.7M; total backlog $503M as of Sept 30, 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":0.19,"consensus_revenue_estimate":null,"consensus_revenue_actual":62963592.0,"consensus_period":"2023-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":272120,"accession_number":"0001387131-23-012636","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2023-10-24T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"CPI Aerostructures appoints Pamela Levesque to board, effective Oct 23, 2023","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Pamela Levesque appointed to Class II director vacancy effective October 23, 2023.","She will serve on the Audit and Finance Committee; 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FY revenue down to $83.3M, gross margin up to 19.6%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 2022 revenue $24.1M (-9% YoY); net income $6.8M (incl $6.5M deferred tax benefit) vs net loss $0.5M.","Full year 2022 revenue $83.3M (down from $103.4M); net income $9.2M vs $6.8M; EPS $0.74 vs $0.56.","Gross margin improved to 19.6% from 14.5%; debt reduced to $22.8M from $26.2M; backlog $514.5M.","Regained NYSE American compliance; BC indicator removed as of March 20, 2023.","2023 guidance: slightly higher revenue, sustaining profitability and positive operating cash flow."],"consensus_eps_estimate":null,"consensus_eps_actual":0.08,"consensus_revenue_estimate":null,"consensus_revenue_actual":22016668.0,"consensus_period":"2023-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":328395,"accession_number":"0001839882-23-007388","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2023-03-23T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"CPI Aerostructures amends credit agreement; maturity extended to Nov 30, 2024","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Amended credit agreement with BankUnited and Dime Community Bank extends revolving and term loan maturity to November 30, 2024.","Revolving credit maximum reduced stepwise from $21M to $17.64M effective October 1, 2024.","Term loan outstanding of $733,333.32 to be repaid by June 30, 2023; amendment fee of $54,333.33 due May 31, 2023.","Capitalized fee of $250,000 from Eighth Amendment to be paid in two installments ($116,666.68 on June 1, 2023 and $133,333.32 on July 1, 2023)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":328394,"accession_number":"0001839882-23-006680","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2023-03-14T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"CPI Aerostructures gets preliminary approval of derivative settlement requiring governance reforms","summary_kind":"llm","event_type":"litigation","confidence":"high","bullets":["Court granted preliminary approval on March 6, 2023; final approval hearing set for June 7, 2023.","Settlement requires CPI to adopt corporate governance reforms including new independent board member within 12 months.","Company acknowledges litigation was substantial factor in appointing new CFO, controller, and outside auditor RSM.","Outside consultant to review ASC 606 revenue recognition and inventory accounting compliance.","All parties deny wrongdoing; no monetary payment in settlement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":328393,"accession_number":"0001387131-23-002327","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2023-02-24T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Director Eric Rosenfeld retires from CPI Aerostructures board effective Feb 21, 2023","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Eric Rosenfeld retired as Class II director and resigned from the board effective February 21, 2023.","He served on compensation, nominating and corporate governance, and strategic planning committees.","Resignation is not due to any disagreement with the company on operations, policies, or practices.","No replacement director has been named at this time."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":328392,"accession_number":"0001387131-23-001353","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2023-02-03T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"CPI Aerostructures director Walter Paulick resigns effective Jan 31, 2023","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Walter Paulick, a Class II director, resigned from the board on January 31, 2023.","Resignation not due to any disagreement with the Company on operations, policies, or practices.","Paulick served on audit and finance, nominating and corporate governance, and oversight committees.","No replacement named in the filing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":346051,"accession_number":"0001839882-22-029169","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2022-12-15T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"CPI Aerostructures shareholders elect all three director nominees at annual meeting","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Carey Bond, Michael Faber, and Dorith Hakim elected as Class III directors, each with majority votes; broker non-votes of 2,947,793.","Advisory vote on executive compensation passed with 3,914,379 for, 730,107 against, 1,360,205 abstain, plus broker non-votes.","Ratification of RSM US LLP as independent auditor approved with 8,800,932 for, 102,582 against, 48,970 abstain."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.15,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":346050,"accession_number":"0001387131-22-011567","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2022-11-21T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"CPI Aero Q3 revenue falls to $20.2M but gross margin expands to 26.4%; net income $1.9M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue of $20.2M, down from $23.9M YoY; gross profit margin rose to 26.4% from 15.3%.","Net income $1.9M ($0.15 diluted EPS) compared to $5.4M ($0.44) which included $4.8M PPP forgiveness.","Cash from operations $2.9M vs $1.2M prior year; debt reduced to $23.7M from $27.1M.","Total backlog of $501M; company expects first deliveries on new programs within next nine months."],"consensus_eps_estimate":null,"consensus_eps_actual":0.19,"consensus_revenue_estimate":null,"consensus_revenue_actual":59257416.0,"consensus_period":"2022-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":346049,"accession_number":"0001839882-22-026322","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2022-11-10T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"CPI Aerostructures extends credit facility maturity to Nov 2023, reduces interest rate","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Maturity of revolving line and term loan extended to November 30, 2023.","Term loan principal payments: $200k/month from Jan 2023 plus $250k on Dec 2022 and Mar 2023.","Interest rate reduced to Prime Rate + 3.50% effective November 1, 2022.","Outstanding revolver $21M, term loan $1.78M; $250k amendment fee accruing interest."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":346048,"accession_number":"0001387131-22-010569","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2022-10-19T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"CPI Aerostructures raises CEO base salary 5% to $367,500","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["CEO Dorith Hakim's annual base salary increased by 5% to $367,500.","Raise effective January 1, 2023, approved by Compensation Committee on October 13, 2022.","Prior base salary was $350,000, implied by the 5% increase."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":346047,"accession_number":"0001839882-22-023789","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2022-10-17T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"CPI Aerostructures SVP of Operations Kenneth Hauser to depart Oct. 20, 2022","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Kenneth Hauser, Senior Vice President of Operations, notified the company he will leave on October 20, 2022.","No replacement or interim plan was announced in the filing.","The departure was disclosed under Item 5.02, effective October 10, 2022."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":362458,"accession_number":"0001387131-22-010202","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2022-09-30T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"CPI Aerostructures anticipates NYSE American trading recommence Oct 5 after delisting proceeding terminated","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["NYSE American terminated its delisting proceeding for CPI Aero's common stock on September 30, 2022.","Trading expected to resume on NYSE American on October 5, 2022 under symbol 'CVU'.","Suspension resolved by filing of Q2 2022 10-Q on September 29, 2022, making company current on SEC reports."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":362457,"accession_number":"0001387131-22-010143","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2022-09-30T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"CPI Aerostructures reports Q2 revenue decline; gross margin up 320 bps; files 10-Q to address delisting","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q2 revenue $18.9M vs $22.3M YoY; net income $0.5M ($0.04 diluted EPS).","Gross margin improved to 19.3% from 16.1% on higher Aerostructures revenue and welding performance.","Backlog of $504M as of June 30, 2022; debt reduced to $24.6M from $27.7M YoY.","Company now current on SEC filings; intends to request NYSE American retract delisting and resume trading."],"consensus_eps_estimate":null,"consensus_eps_actual":0.19,"consensus_revenue_estimate":null,"consensus_revenue_actual":59257416.0,"consensus_period":"2022-Q3","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":362456,"accession_number":"0001387131-22-009508","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2022-09-06T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"CPI Aero Q1 revenue $20.1M (-35% YoY); net loss $33K; backlog $504.3M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $20.1M vs $30.8M YoY; gross profit margin 17.1% (+110 bps).","Net loss of $33K vs net income $1.2M; loss per diluted share $(0.00) vs $0.10.","Operating cash flow improved to $(2.4)M from $(4.9)M; debt $25.3M.","Backlog $504.3M vs $501.7M; cash $2.9M vs $0.8M YoY.","CEO expects lower revenue in 2022 transition; plans to file Q2 10-Q to resolve NYSE American delisting."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":362455,"accession_number":"0001387131-22-008928","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2022-08-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"CPI Aero reports FY'21 revenue up 18% to $103.4M, net income of $6.8M; backlog $501.7M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["FY 2021 revenue $103.4M (+18% YoY); gross margin improved to 14.5% from 11.1%.","Net income of $6.8M ($0.56 diluted EPS) includes $4.8M PPP loan forgiveness; operating cash flow $2.8M.","Q4 2021 revenue $26.4M, net loss of $0.5M vs. net income $0.2M in Q4 2020.","Total debt reduced to $26.2M from $33.4M year-end 2020; backlog grew to $501.7M from $476.2M.","CEO expects lower revenue in 2022 as transition year; Company working to file overdue quarterly reports for NYSE relisting."],"consensus_eps_estimate":null,"consensus_eps_actual":0.04,"consensus_revenue_estimate":null,"consensus_revenue_actual":39060503.0,"consensus_period":"2022-Q2","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":362454,"accession_number":"0001387131-22-008924","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2022-08-19T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"CPI Aerostructures amends credit agreement, obtains covenant waivers for losses on welded products and employee costs","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Maximum leverage ratio for Q3 2022 raised to 5.0:1.0; Q4 2022 onward set at 4.0:1.0.","Lenders waived covenant non-compliance for up to $566,024 in welded product contract losses and $367,045 in inventory reserves.","Lenders waived non-compliance for up to $795,997 in accrued severance, COBRA costs and employer taxes.","Late delivery of FY2021, Q1 2022 and Q2 2022 financial statements waived; extended deadlines through August–October 2022.","Outstanding debt: $21.0M revolving loans, $2.63M term loan plus $250K amendment fee accruing interest."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":"2022-08-19T23:59:59+00:00|362454"}