CPI Aero Q1 net loss $1.3M after $2.1M A-10 program charge; revenue falls to $15.4M

CPI AEROSTRUCTURES INC

2025-Q1 EPS reported -$0.10 revenue$15,400,608

Revenue $15.4M vs $19.1M in Q1 2024; net loss of $1.3M vs net income of $0.2M.
A-10 program pre-tax loss of $2.1M due to higher manufacturing costs on 2019 fixed-price contract.
Excluding A-10 impact, gross margin was 21.6% vs 18.6% prior year; income before tax was $0.5M.
Debt reduced to $16.7M (all-time low); Debt-to-Adjusted EBITDA ratio 2.9, ninth consecutive quarter below 3.0.
Backlog $516M with new awards from L3Harris, Raytheon, Lockheed, Embraer.

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