---
schema_version: "secwatch.filing_event.v1"
accession: "0001387131-22-008928"
form_type: "8-K"
ticker: "CVU"
cik: "0000889348"
company_name: "CPI AEROSTRUCTURES INC"
filed_at: "2022-08-19T23:59:59+00:00"
generated_at: "2026-06-23T22:40:57.438611+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001387131-22-008928
- form_type: 8-K
- ticker: CVU
- cik: 0000889348
- company_name: CPI AEROSTRUCTURES INC
- filed_at: 2022-08-19T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/889348/000138713122008928/0001387131-22-008928-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/889348/000138713122008928/cvua-8k_081922.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001387131-22-008928
- JSON: https://secwatch.observer/filing/0001387131-22-008928.json
- Plain text: https://secwatch.observer/filing/0001387131-22-008928.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.