secwatch.observer — SEC 8-K summary
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Issuer:     CPI AEROSTRUCTURES INC (CVU)
CIK:        0000889348
Form:       8-K
Filed at:   2025-05-15T23:59:59+00:00
Accession:  0001999371-25-006252
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/889348/000199937125006252/0001999371-25-006252-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/889348/000199937125006252/cvu-8k_051525.htm
  HTML page:      https://secwatch.observer/filing/0001999371-25-006252

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