CPI Aerostructures Reports First Quarter 2024 Results
CPI Aerostructures, Inc. (CVU)
NASDAQ:AMEX Investor Relations:
cpiaero.com
Company Research
Source: GlobeNewswire
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 $1.0 million;Earnings per share of $0.01 compared to $0.08;Cash flow used in operations of ($1.0) million compared to $0.9 million provided by cash flow from operations;Debt as of March 31, 2024 of $19.1 million compared to $22.1 million as of March 31, 2023. EDGEWOOD, N.Y., May 15, 2024 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero” or the “Company”) (NYSE American: CVU) today announced financial results for the three month period ended March 31, 2024. “As anticipated, our first quarter 2024 revenue was 13% lower than first quarter 2023, driven primarily by the completion of deliveries of Raytheon’s Next Generation Jammer (“NGJ”) Mid Band Pods LRIP 2 in 2023. In addition, gross profit decreased by 260 basis points due to unfavorable year-ov
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News
- CPI Aerostructures, Inc. Announces Settlement with SEC [Yahoo! Finance]Yahoo! Finance
- CPI Aerostructures, Inc. Announces Settlement with SECGlobeNewswire
- CPI Aerostructures Receives $3.1M Order From Embraer for Engine Inlet AssembliesGlobeNewswire
- CPI Aerostructures Receives $1.3 Million Follow-on Orders for Welded Assemblies [Yahoo! Finance]Yahoo! Finance
- CPI Aerostructures Receives $1.3 Million Follow-on Orders for Welded AssembliesGlobeNewswire
CVU
Sec Filings
- 6/21/24 - Form 8-K
- 6/20/24 - Form 4
- 6/20/24 - Form 4
- CVU's page on the SEC website