secwatch.observer — SEC 8-K summary
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Issuer:     CPI AEROSTRUCTURES INC (CVU)
CIK:        0000889348
Form:       8-K
Filed at:   2022-09-30T23:59:59+00:00
Accession:  0001387131-22-010143
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CPI Aerostructures reports Q2 revenue decline; gross margin up 320 bps; files 10-Q to address delisting
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/889348/000138713122010143/0001387131-22-010143-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/889348/000138713122010143/cvua-8k_092922.htm
  HTML page:      https://secwatch.observer/filing/0001387131-22-010143

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer