secwatch.observer — SEC 8-K summary
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Issuer:     CPI AEROSTRUCTURES INC (CVU)
CIK:        0000889348
Form:       8-K
Filed at:   2022-09-06T23:59:59+00:00
Accession:  0001387131-22-009508
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/889348/000138713122009508/0001387131-22-009508-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/889348/000138713122009508/cvua-8k_090622.htm
  HTML page:      https://secwatch.observer/filing/0001387131-22-009508

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