{"schema_version":"secwatch.filing_event.v1","accession":"0001387131-22-011567","form_type":"8-K","ticker":"CVU","cik":"0000889348","company_name":"CPI AEROSTRUCTURES INC","filed_at":"2022-11-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:53.885858+00:00","generated_at":"2026-06-21T15:28:46.726214+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"CPI Aero Q3 revenue falls to $20.2M but gross margin expands to 26.4%; net income $1.9M","bullets":["Revenue of $20.2M, down from $23.9M YoY; gross profit margin rose to 26.4% from 15.3%.","Net income $1.9M ($0.15 diluted EPS) compared to $5.4M ($0.44) which included $4.8M PPP forgiveness.","Cash from operations $2.9M vs $1.2M prior year; debt reduced to $23.7M from $27.1M.","Total backlog of $501M; company expects first deliveries on new programs within next nine months."],"urls":{"canonical":"https://secwatch.observer/filing/0001387131-22-011567","json":"https://secwatch.observer/filing/0001387131-22-011567.json","markdown":"https://secwatch.observer/filing/0001387131-22-011567.md","text":"https://secwatch.observer/filing/0001387131-22-011567.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/889348/000138713122011567/0001387131-22-011567-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/889348/000138713122011567/cvu-8k_112122.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T15:28:46.726214+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"50e905e1daab65798583bdb997457bb7c3777e78","claim":"CPI AEROSTRUCTURES INC reported Third Quarter 2022 results: revenue $20.2 million, net income $1.9 million, EPS $0.15 per diluted share.","evidence_excerpt":"Third Quarter 2022 vs. Third Quarter 2021 ● Revenue of $20.2 million compared to $23.9 million; ● Gross profit of $5.3 million compared to $3.7 million; ● Gross margin of 26.4% compared to 15.3%; ● Net income of $1.9 million compared to $5.4 million ($0.6 million excluding $4.8 million in PPP loan forgiveness); ● Earnings per diluted share of $0.15 compared to $0.44 ($0.05 excluding $0.39 in PPP loan forgiveness); ● Cash flow from operations of $2.9 million compared to $1.2 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/889348/000138713122011567/0001387131-22-011567-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Third Quarter 2022"},{"label":"Revenue","value":"$20.2 million"},{"label":"Net income","value":"$1.9 million"},{"label":"EPS","value":"$0.15 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"9580465e7702dbe9149632c785bea86a087ff019","claim":"CPI AEROSTRUCTURES INC reported Nine Months 2022 results: revenue $59.3 million, net income $2.3 million, EPS $0.19 per diluted share.","evidence_excerpt":"Nine Months 2022 vs. Nine Months 2021 ● Revenue of $59.3 million compared to $77.0 million; ● Gross profit of $12.4 million compared to $12.2 million; ● Gross margin of 21.0% compared to 15.8%; ● Net income of $2.3 million ($3.1 million excluding the first quarter severance accrual of $0.8 million) compared to $7.3 million ($2.5 million excluding $4.8 million in PPP loan forgiveness); ● Earnings per diluted share of $0.19 ($0.25 excluding the first quarter severance accrual of $0.06) compared to $0.60 ($0.21 excluding $0.39 in PPP loan forgiveness); ● Cash flow from operations of $0.8 million compared to a use of $(1.3) million; ● Debt as of September 30, 2022 of $23.7 million c ompared to $27.1 million as of September 30, 2021.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/889348/000138713122011567/0001387131-22-011567-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Nine Months 2022"},{"label":"Revenue","value":"$59.3 million"},{"label":"Net income","value":"$2.3 million"},{"label":"EPS","value":"$0.19 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}