secwatch.observer — SEC 8-K summary
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Issuer:     CPI AEROSTRUCTURES INC (CVU)
CIK:        0000889348
Form:       8-K
Filed at:   2025-08-19T23:59:59+00:00
Accession:  0001999371-25-011680
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CPI Aerostructures Q2 2025 revenue $15.2M, net loss $1.3M, A-10 write-off $2.3M
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- Revenue $15.2M vs $20.8M YoY; net loss $1.3M vs profit $1.4M; EPS loss $0.10 vs $0.11 profit.
- A-10 Program write-off of $2.3M in Q2 due to Boeing termination; total six-month impact $4.5M.
- Adjusted EBITDA loss $1.7M; without A-10 impact $0.6M positive.
- Debt reduced to $16.2M (all-time low); backlog $506M with new awards from Raytheon, Sikorsky, Lockheed, US Air Force, Embraer.
- Material weakness in internal control over financial reporting related to debt covenant; no bearing on results, remediation underway.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/889348/000199937125011680/0001999371-25-011680-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/889348/000199937125011680/cvu_8k-081925.htm
  HTML page:      https://secwatch.observer/filing/0001999371-25-011680

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