---
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"
generated_at: "2026-06-17T02:19:57.008334+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CPI Aero Q4 net income $6.8M vs loss; FY revenue down to $83.3M, gross margin up to 19.6%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- 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/889348/000138713123004752/0001387131-23-004752-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/889348/000138713123004752/cvu-8k_041423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001387131-23-004752
- JSON: https://secwatch.observer/filing/0001387131-23-004752.json
- Plain text: https://secwatch.observer/filing/0001387131-23-004752.txt

## Key facts
- Earnings Releases
  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.
  - Period: three and twelve month periods ended December 31, 2022
  - 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
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/889348/000138713123004752/0001387131-23-004752-index.htm
- Earnings Releases
  CPI AEROSTRUCTURES INC reported financial results for the quarter and year ended December 31, 2022.
  - Period: the quarter and year ended December 31, 2022
  - Result: reported results
  source text: CPI Aerostructures, Inc. issued a press release announcing financial results for the quarter and year ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/889348/000138713123004752/0001387131-23-004752-index.htm

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