{"schema_version":"secwatch.filing_event.v1","accession":"0001999371-23-000217","form_type":"8-K","ticker":"CVU","cik":"0000889348","company_name":"CPI AEROSTRUCTURES INC","filed_at":"2023-11-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.293125+00:00","generated_at":"2026-06-08T04:26:20.663265+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"CPI Aero Q3 net income falls to $0.3M from $1.9M; gross margin drops to 18.2%","bullets":["Q3 revenue $20.4M (flat YoY); net income $0.3M vs $1.9M; diluted EPS $0.02 vs $0.15.","Gross margin 18.2% vs 26.4% due to supply chain challenges and unfavorable mix per CEO.","Nine-month revenue $63.0M (+6.3%); net income $2.4M; adjusted EPS $0.25 ex-severance.","Debt reduced to $20.9M from $23.7M; total backlog $503M as of Sept 30, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001999371-23-000217","json":"https://secwatch.observer/filing/0001999371-23-000217.json","markdown":"https://secwatch.observer/filing/0001999371-23-000217.md","text":"https://secwatch.observer/filing/0001999371-23-000217.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/889348/000199937123000217/0001999371-23-000217-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/889348/000199937123000217/cvu-8k_111423.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T04:26:20.663265+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":"bdc91fb6d420ce6c3f52b9c80aa6d51cb3854222","claim":"CPI AEROSTRUCTURES INC reported the quarter ended September 30, 2023 results: revenue $20.4 million, net income $0.3 million, EPS $0.02.","evidence_excerpt":"2 ex99-1.htm PRESS RELEASE CPI AERO 8-K Exhibit 99.1 CPI AEROSTRUCTURES REPORTS THIRD QUARTER AND NINE MONTH 2023 RESULTS Third Quarter 2023 vs. Third Quarter 2022 ● Revenue of $20.4 million compared to $20.2 million; ● Gross profit of $3.7 million compared to $5.3 million; ● Gross margin of 18.2% compared to 26.4%; ● Net income of $0.3 million compared to $1.9","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/889348/000199937123000217/0001999371-23-000217-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended September 30, 2023"},{"label":"Revenue","value":"$20.4 million"},{"label":"Net income","value":"$0.3 million"},{"label":"EPS","value":"$0.02"},{"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"}