---
schema_version: "secwatch.filing_event.v1"
accession: "0001387131-23-010031"
form_type: "8-K"
ticker: "CVU"
cik: "0000889348"
company_name: "CPI AEROSTRUCTURES INC"
filed_at: "2023-08-22T23:59:59+00:00"
generated_at: "2026-06-11T05:54:34.180445+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# CPI Aerostructures Q2 2023 revenue $20.5M (+8.6% YoY); net income $1.2M EPS $0.09

## Summary
- Q2 revenue $20.5M vs $18.9M; gross margin 22.4% vs 19.3%.
- Net income $1.2M, diluted EPS $0.09, vs $0.5M and $0.04 YoY.
- Backlog of $510M as of June 30, 2023; debt down to $21.3M from $24.6M.
- Six-month cash from operations $0.9M vs -$2.1M; net income $2.1M vs $0.5M.

## SEC filing metadata
- accession: 0001387131-23-010031
- form_type: 8-K
- ticker: CVU
- cik: 0000889348
- company_name: CPI AEROSTRUCTURES INC
- filed_at: 2023-08-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/889348/000138713123010031/0001387131-23-010031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/889348/000138713123010031/cvu-8k_082123.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001387131-23-010031
- JSON: https://secwatch.observer/filing/0001387131-23-010031.json
- Plain text: https://secwatch.observer/filing/0001387131-23-010031.txt

## Key facts
- Earnings Releases
  CPI AEROSTRUCTURES INC reported the quarter ended June 30, 2023 results: revenue $20.5 million, net income $1.2 million, EPS $0.09.
  - Period: the quarter ended June 30, 2023
  - Revenue: $20.5 million
  - Net income: $1.2 million
  - EPS: $0.09
  - Result: reported results
  source text: CPI AEROSTRUCTURES REPORTS SECOND QUARTER AND SIX MONTH 2023 RESULTS Second Quarter 2023 vs. Second Quarter 2022 · Revenue of $20.5 million compared to $18.9 million; · Gross profit of $4.6 million compared to $3.7 million; · Gross margin of 22.4% compared to 19.3%; · Net income of $1.2 million compared to $0.5 million; · Earnings per diluted share of $0.09 compared to $0.04; · Cash flow from operations of $0.0 million compared to $0.3 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/889348/000138713123010031/0001387131-23-010031-index.htm

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