CPI Aero reports FY'21 revenue up 18% to $103.4M, net income of $6.8M; backlog $501.7M

CPI AEROSTRUCTURES INC

2022-Q2 EPS reported $0.04 revenue$39,060,503

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.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.