secwatch.observer — SEC 8-K summary
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Issuer:     CPI AEROSTRUCTURES INC (CVU)
CIK:        0000889348
Form:       8-K
Filed at:   2023-08-22T23:59:59+00:00
Accession:  0001387131-23-010031
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/889348/000138713123010031/0001387131-23-010031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/889348/000138713123010031/cvu-8k_082123.htm
  HTML page:      https://secwatch.observer/filing/0001387131-23-010031

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer