---
schema_version: "secwatch.filing_event.v1"
accession: "0001387131-22-009508"
form_type: "8-K"
ticker: "CVU"
cik: "0000889348"
company_name: "CPI AEROSTRUCTURES INC"
filed_at: "2022-09-06T23:59:59+00:00"
generated_at: "2026-06-23T16:05:34.325771+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CPI Aero Q1 revenue $20.1M (-35% YoY); net loss $33K; backlog $504.3M

## Summary
- 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.

## SEC filing metadata
- accession: 0001387131-22-009508
- form_type: 8-K
- ticker: CVU
- cik: 0000889348
- company_name: CPI AEROSTRUCTURES INC
- filed_at: 2022-09-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/889348/000138713122009508/0001387131-22-009508-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/889348/000138713122009508/cvua-8k_090622.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001387131-22-009508
- JSON: https://secwatch.observer/filing/0001387131-22-009508.json
- Plain text: https://secwatch.observer/filing/0001387131-22-009508.txt

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