{"schema_version":"secwatch.filing_event.v1","accession":"0001999371-24-006173","form_type":"8-K","ticker":"CVU","cik":"0000889348","company_name":"CPI AEROSTRUCTURES INC","filed_at":"2024-05-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.323633+00:00","generated_at":"2026-06-01T22:20:57.318679+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"CPI Aero Q1 2024 revenue $19.1M, down 13% YoY; net income $0.2M, EPS $0.01","bullets":["Revenue $19.1M, down from $22.0M in Q1 2023, driven by completion of NGJ Mid Band Pod LRIP 2 deliveries.","Gross profit $3.6M (18.6% margin) vs $4.7M (21.2%); 260 bps decline on unfavorable mix.","Net income $0.2M ($0.01 EPS) vs $1.0M ($0.08 EPS) a year earlier.","Cash used in operations ($1.0M) vs $0.9M provided in Q1 2023; debt reduced to $19.1M from $22.1M.","Backlog remains strong at $510M as of March 31, 2024; expects LRIP 3 deliveries to resume H2 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001999371-24-006173","json":"https://secwatch.observer/filing/0001999371-24-006173.json","markdown":"https://secwatch.observer/filing/0001999371-24-006173.md","text":"https://secwatch.observer/filing/0001999371-24-006173.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/889348/000199937124006173/0001999371-24-006173-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/889348/000199937124006173/cvu-8k_051524.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T22:20:57.318679+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":"d479a6e8f4981b8d144852782a9fddb57c04476f","claim":"CPI AEROSTRUCTURES INC reported the quarter ended March 31, 2024 results: revenue $19.1 million, net income $0.2 million, EPS $0.01.","evidence_excerpt":"DATED MAY 15, 2024. CPI AEROSTRUCTURES, INC. 8-K Exhibit 99.1 CPI AEROSTRUCTURES REPORTS FIRST QUARTER 2024 RESULTS First Quarter 2024 vs. First Quarter 2023 · Revenue of $19.1 million compared to $22.0 million; · Gross profit of $3.6 million compared to $4.7 million; · Gross profit margin of 18.6% compared to 21.2%; · Net income of $0.2 million compared to","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/889348/000199937124006173/0001999371-24-006173-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2024"},{"label":"Revenue","value":"$19.1 million"},{"label":"Net income","value":"$0.2 million"},{"label":"EPS","value":"$0.01"},{"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"}