Cpi Aerostructures INC 10-Q quarterly reports

CPI Aerostructures, Inc. reported a significant turnaround in its first quarter 2026 financial results, achieving net income of $1.24 million compared to a net loss in the prior year, driven by strong revenue growth and improved gross margins.

CPI Aerostructures reported a net income of $1.1 million for Q3 2025, a 48.5% increase year-over-year, despite a significant year-to-date net loss of $1.5 million and ongoing challenges including a major contract termination and repeated debt covenant non-compliance.

CPI Aerostructures, Inc. reported a significant net loss and revenue decline in Q2 2025, primarily due to the termination of its A-10 program and increased costs on other contracts, leading to covenant non-compliance.

CPI Aerostructures obtained a waiver from lenders after failing to meet financial covenants in Q1 2025, while also reporting a decrease in revenue compared to the same period last year.

CPI Aerostructures experienced a slight decrease in revenue for the third quarter of 2024, while net income saw a significant increase compared to the same period last year.

CPI Aerostructures experienced a slight revenue increase in Q2 2024, but a decrease for the first half of the year, alongside changes in gross profit and adjustments to contract estimates.

CPI Aerostructures experienced a decrease in revenue and net income in the first quarter of 2024 compared to the same period last year, while also extending their credit facility.