{"schema_version":"secwatch.filing_event.v1","accession":"0001387131-23-006495","form_type":"8-K","ticker":"CVU","cik":"0000889348","company_name":"CPI AEROSTRUCTURES INC","filed_at":"2023-05-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.649385+00:00","generated_at":"2026-06-15T01:59:17.202388+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"CPI Aerostructures swings to net income of $1.0M in Q1 2023; revenue up 9.5% to $22.0M","bullets":["Revenue $22.0M (+9.5% YoY); gross margin improved to 21.2% from 17.1%.","Net income $1.0M ($0.08 EPS) vs net loss of $32,931 in Q1 2022.","Cash from operations $0.9M vs use of $2.4M a year ago.","Debt reduced to $22.1M from $22.8M at Dec 31, 2022; backlog $515.8M.","Credit facility extended to Nov 30, 2024; factory overhead and SG&A lowered."],"urls":{"canonical":"https://secwatch.observer/filing/0001387131-23-006495","json":"https://secwatch.observer/filing/0001387131-23-006495.json","markdown":"https://secwatch.observer/filing/0001387131-23-006495.md","text":"https://secwatch.observer/filing/0001387131-23-006495.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/889348/000138713123006495/0001387131-23-006495-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/889348/000138713123006495/cvu-8k_051523.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T01:59:17.202388+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":"dd18f1140b345efcf91376b89413af9407ae807f","claim":"CPI AEROSTRUCTURES INC reported first quarter 2023 results: revenue $22.0 million, net income $1.0 million, EPS $0.08.","evidence_excerpt":"· Revenue of $22.0 million compared to $20.1 million; · Gross profit of $4.7 million compared to $3.4 million; · Gross profit margin of 21.2% compared to 17.1%; · Net income of $1.0 million compared to net loss of $(32,931) (excluding a first quarter 2022 $0.8 million severance accrual, the first quarter of 2022 would have been net income of $0.8 million); · Earnings per share of $0.08 compared to loss per share of $(0.00) (excluding a first quarter of 2022 $0.06 per share severance accrual, the first quarter of 2022 would have been $0.06 per share);","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/889348/000138713123006495/0001387131-23-006495-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter 2023"},{"label":"Revenue","value":"$22.0 million"},{"label":"Net income","value":"$1.0 million"},{"label":"EPS","value":"$0.08"},{"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"}