{"schema_version":"secwatch.filing_event.v1","accession":"0001387131-23-004752","form_type":"8-K","ticker":"CVU","cik":"0000889348","company_name":"CPI AEROSTRUCTURES INC","filed_at":"2023-04-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.649068+00:00","generated_at":"2026-06-17T02:19:57.008334+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"CPI Aero Q4 net income $6.8M vs loss; FY revenue down to $83.3M, gross margin up to 19.6%","bullets":["Q4 2022 revenue $24.1M (-9% YoY); net income $6.8M (incl $6.5M deferred tax benefit) vs net loss $0.5M.","Full year 2022 revenue $83.3M (down from $103.4M); net income $9.2M vs $6.8M; EPS $0.74 vs $0.56.","Gross margin improved to 19.6% from 14.5%; debt reduced to $22.8M from $26.2M; backlog $514.5M.","Regained NYSE American compliance; BC indicator removed as of March 20, 2023.","2023 guidance: slightly higher revenue, sustaining profitability and positive operating cash flow."],"urls":{"canonical":"https://secwatch.observer/filing/0001387131-23-004752","json":"https://secwatch.observer/filing/0001387131-23-004752.json","markdown":"https://secwatch.observer/filing/0001387131-23-004752.md","text":"https://secwatch.observer/filing/0001387131-23-004752.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/889348/000138713123004752/0001387131-23-004752-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/889348/000138713123004752/cvu-8k_041423.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T02:19:57.008334+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":"2bdf0734cf62cfc31262258fedaeb0528a899213","claim":"CPI AEROSTRUCTURES INC reported three and twelve month periods ended December 31, 2022 results: revenue Revenue of $24.1 million compared to $26.4 million;, net income Net income of $6.8 million ($0.3 million excluding the fourth quarter 2022 deferred tax asset valuation allowance reduct, EPS Earnings per share of $0.55 ($0.03 excluding the fourth quarter 2022 deferred tax asset valuation allowance reduction of.","evidence_excerpt":"RELEASE CPI AEROSTRUCTURES, INC. 8-K Exhibit 99.1 CPI AEROSTRUCTURES REPORTS FOURTH QUARTER AND FULL YEAR 2022 RESULTS Fourth Quarter 2022 vs. Fourth Quarter 2021 · Revenue of $24.1 million compared to $26.4 million; · Gross profit of $3.9 million compared to $2.8 million; · Gross margin of 16.1% compared to 10.8%; · Net income of $6.8 million ($0.3 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/889348/000138713123004752/0001387131-23-004752-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three and twelve month periods ended December 31, 2022"},{"label":"Revenue","value":"Revenue of $24.1 million compared to $26.4 million;"},{"label":"Net income","value":"Net income of $6.8 million ($0.3 million excluding the fourth quarter 2022 deferred tax asset valuation allowance reduct"},{"label":"EPS","value":"Earnings per share of $0.55 ($0.03 excluding the fourth quarter 2022 deferred tax asset valuation allowance reduction of"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"4bc54a72b9e6e4f3ab9f94c490dc47ac04b9b723","claim":"CPI AEROSTRUCTURES INC reported financial results for the quarter and year ended December 31, 2022.","evidence_excerpt":"CPI Aerostructures, Inc. issued a press release announcing financial results for the quarter and year ended December 31, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/889348/000138713123004752/0001387131-23-004752-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter and year ended December 31, 2022"},{"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"}