Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$5.49, the stock trades at a trailing P/E ratio of 42.2x. Average trailing P/E is 39x in the Aerospace & Defense industry in the US. Total returns to shareholders of 43% over the past three years. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to US$4.48, the stock trades at a trailing P/E ratio of 34.5x. Average trailing P/E is 35x in the Aerospace & Defense industry in the US. Total returns to shareholders of 15% over the past three years. Reported Earnings • May 18
First quarter 2026 earnings released: EPS: US$0.096 (vs US$0.10 loss in 1Q 2025) First quarter 2026 results: EPS: US$0.096 (up from US$0.10 loss in 1Q 2025). Revenue: US$17.4m (up 13% from 1Q 2025). Net income: US$1.24m (up US$2.56m from 1Q 2025). Profit margin: 7.1% (up from net loss in 1Q 2025). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. New Risk • May 17
New major risk - Revenue and earnings growth Earnings have declined by 1.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 1.9% per year over the past 5 years. Minor Risk Market cap is less than US$100m (US$48.2m market cap). Reported Earnings • Apr 04
Full year 2025 earnings released: US$0.066 loss per share (vs US$0.26 profit in FY 2024) Full year 2025 results: US$0.066 loss per share (down from US$0.26 profit in FY 2024). Revenue: US$69.3m (down 15% from FY 2024). Net loss: US$843.4k (down 126% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Apr 02
CPI Aerostructures, Inc. has filed a Follow-on Equity Offering in the amount of $17 million. CPI Aerostructures, Inc. has filed a Follow-on Equity Offering in the amount of $17 million.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering New Risk • Jan 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.4x net interest cover). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$53.3m market cap). Announcement • Dec 10
CPI Aerostructures, Inc. Announces Chief Financial Officer Changes CPI Aerostructures, Inc. appointed Robert Mannix as Chief Financial Officer on December 8, 2025. Mannix, age 58, has more than 30 years of accounting and financial leadership experience, including senior roles with public and private companies. From 2018 to 2025, he served as Executive Vice President and Chief Accounting Officer and Head of Tax and Treasury of West Technology Group, LLC, a private-equity-owned international cloud-based technology company, where he was responsible for all accounting, tax, treasury, financial reporting and compliance functions and oversaw SEC-style reporting required under the company's debt agreements. Prior to joining West, he served as Vice President and Corporate Controller of Casper Sleep, Inc. from 2017 to 2018. Earlier in his career, Mannix held senior finance positions at Verint Systems Inc. and Motorola, Inc., and spent 11 years in Ernst & Young's Assurance and Advisory Services Group. He holds a B.B.A. in Accounting from Pace University and is a Certified Public Accountant in New York. Pamela Levesque, Interim Chief Financial Officer, will step down but will remain on CPI Aero’s Board of Directors. Announcement • Dec 05
CPI Aerostructures, Inc. Announces Appointment of Dorith Hakim to Aerospace Industry Association’s Executive Committee CPI Aerostructures, Inc. announced that Dorith Hakim has been appointed to the Aerospace Industry Association’s Executive Committee. The Executive Committee is comprised of CEOs and other senior leaders from member companies who act as the top leadership for the organization. The appointment followed the December Board of Governors meeting. Dorith Hakim is president and CEO of CPI Aero. No additional biographical, educational, or directorship details were provided in the article. Reported Earnings • Nov 16
Third quarter 2025 earnings released: EPS: US$0.087 (vs US$0.059 in 3Q 2024) Third quarter 2025 results: EPS: US$0.087 (up from US$0.059 in 3Q 2024). Revenue: US$19.3m (flat on 3Q 2024). Net income: US$1.11m (up 49% from 3Q 2024). Profit margin: 5.8% (up from 3.9% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Aug 15
CPI Aerostructures, Inc. announced delayed 10-Q filing On 08/14/2025, CPI Aerostructures, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Jul 02
CPI Aerostructures Appoints Paula Castellano to Leadership Team as Senior Vice President, Operations CPI Aerostructures, Inc. announced that it has appointed Paula Castellano to the position of Senior Vice President, Operations. Ms. Castellano, 59, has extensive experience in Operations leadership and management, Lean and Six Sigma, production control, engineering, planning and customer service. Most recently, she served as Site Director at GKN Aerospace responsible for operational performance, continuous improvement, contract execution and overall leadership of the Amityville NY site. Prior to her tenure at GKN Aerospace, Ms. Castellano served a significant portion of her career at Air Industries Machining Group in positions of increasing responsibilities including General Manager, Director of Contracts and Planning, Program Management and Manufacturing Engineering. Reported Earnings • May 17
First quarter 2025 earnings released: US$0.10 loss per share (vs US$0.013 profit in 1Q 2024) First quarter 2025 results: US$0.10 loss per share (down from US$0.013 profit in 1Q 2024). Revenue: US$15.4m (down 19% from 1Q 2024). Net loss: US$1.32m (down US$1.49m from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 01
CPI Aerostructures, Inc., Annual General Meeting, Jun 24, 2025 CPI Aerostructures, Inc., Annual General Meeting, Jun 24, 2025. Location: 91heartland boulevard, edgewood, newyork 11717., United States Announcement • Apr 08
CPI Aerostructures Delivers Airborne Pod Structure in Support of Northrop Grumman’s Airborne Laser Mine Detection Program for Korea CPI Aerostructures, Inc. announced that they completed production and delivery of an Airborne Laser Mine Detection System (ALMDS) pod structure for Northrop Grumman. The pod supports a contract awarded to Northrop Grumman in February 2023 by Korea Aerospace Industries Ltd. (KAI), aiming to deliver ALMDS solutions and technical assistance for the Engineering, Manufacturing, and Design (EMD) phase of the Republic of Korea's Mine Countermeasures Helicopter (KMCH) program. The EMD phase is expected to be completed in 2027. There is also the potential for a follow-on order for Low-Rate Production of eight pods worth approximately $3 million. The mission of ALMDS is to rapidly detect, classify and localize floating and near-surface moored mines. ALMDS is capable of untethered day or night operations, which allows it to attain high area search rates. ALMDS also provides accurate target geo-location to support follow-on neutralization of detected mines. Northrop Grumman's self-contained design allows ALMDS to be installed on several aircraft types. Reported Earnings • Apr 01
Full year 2024 earnings released: EPS: US$0.26 (vs US$1.40 in FY 2023) Full year 2024 results: EPS: US$0.26 (down from US$1.40 in FY 2023). Revenue: US$81.1m (down 6.2% from FY 2023). Net income: US$3.30m (down 81% from FY 2023). Profit margin: 4.1% (down from 20% in FY 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to US$4.80, the stock trades at a trailing P/E ratio of 3.7x. Average trailing P/E is 34x in the Aerospace & Defense industry in the US. Total returns to shareholders of 120% over the past three years. Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$4.99, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 34x in the Aerospace & Defense industry in the US. Total returns to shareholders of 100% over the past three years. Announcement • Jan 06
CPI Aerostructures, Inc. Announces Board Changes CPI Aerostructures, Inc. announced that it has appointed Aerospace industry executive Carey Bond as Chairman of its Board of Directors effective immediately. Mr. Bond succeeds Terry Stinson, who has stepped down from the role in a planned succession after 6 years of service and after leading CPI through some of the most complex times in industry. Mr. Stinson will remain on CPI Aero’s Board of Directors as Vice-Chairman and will continue to share his strategic insights and governance experience with the Company. Mr. Bond, previously Vice-Chairman of CPI Aero’s Board of Directors, joined CPI Aero’s Board in 2016. He brings a wealth of experience in the Aerospace industry to CPI Aero, having previously held executive leadership positions at Sikorsky Aircraft, Bell Helicopter Textron, PZL Mielec Aircraft Company, Shanghai Sikorsky Aircraft Company and Eclipse Aerospace. Mr. Bond holds a Master of Business Administration from Texas Christian University. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to US$3.61, the stock trades at a trailing P/E ratio of 2.7x. Average trailing P/E is 34x in the Aerospace & Defense industry in the US. Total returns to shareholders of 23% over the past three years. Reported Earnings • Nov 15
Third quarter 2024 earnings released: EPS: US$0.059 (vs US$0.024 in 3Q 2023) Third quarter 2024 results: EPS: US$0.059 (up from US$0.024 in 3Q 2023). Revenue: US$19.4m (down 4.8% from 3Q 2023). Net income: US$749.7k (up 149% from 3Q 2023). Profit margin: 3.9% (up from 1.5% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Aug 20
CPI Aerostructures, Inc. Announces Chief Financial Officer Changes CPI Aerostructures, Inc. announced that it has appointed Philip Passarello to the position of Chief Financial Officer. Mr. Passarello has extensive experience in all aspects of financial functions including accounting, financial reporting, audit and compliance, treasury, and financial planning and analysis. His career spans more than 20 years in financial management, government compliance, strategic forecasting and systems implementation. Prior to joining CPI Aero, Mr. Passarello served as Vice President of Finance for TTM Technologies, a Printed Circuit Board and Aerospace and Defense supplier where he was responsible for the financial functions and operational partnering for multiple locations comprising the Integrated Electronics business. TTM acquired Telephonics Corporation in June 2022 where he held various managerial and executive level positions for over 15 years. His experiences at Telephonics spanned multiple facets including system implementation and integration, strategic planning, analytics, business combinations and divestitures, process improvements, financial reporting and all areas of financial management. Earlier in his career, he spent 5 years at KPMG within their audit practice primarily focused on public companies. Philip holds a Bachelor of Business Administration degree in Accounting from Dowling College. The company thank Andrew Davis for his leadership and dedication to the Company since joining CPI Aero in 2021. Announcement • Jun 21
CPI Aerostructures, Inc. Announces Settlement with Securities and Exchange Commission CPI Aerostructures, Inc. announced a settlement with the Securities and Exchange Commission (the “SEC” or “Commission”) related to the Company’s previously announced restatements of certain of its financial statements for fiscal periods between January 1, 2018 and December 31, 2022. The Company, without admitting or denying the findings, agreed to a cease-and-desist order regarding Sections 13(a), 13(b)(2)(A), and 13(b)(2)(B) of the Securities Exchange Act of 1934, as amended, and Rules 12b-20, 13a-1, 13a-11, 13a-13, and 13a-15(a) thereunder. The Company has undertaken to fully remediate its material weakness in internal control over financial reporting (“ICFR”) and have effective ICFR and disclosure controls and procedures (“DCP”) by December 31, 2024, to publicly disclose, concurrent with the filing of the Company’s 2024 Annual report on Form 10-K, whether in management’s opinion, the Company has fully remediated its material weaknesses in ICFR and has effective ICFR and DCP and to certify its compliance. If the Company fails to comply with these undertakings, a civil monetary penalty in the amount of $400,000 will be due to the SEC by June 30, 2025. As part of the settlement, the Commission considered remedial acts promptly undertaken by the Company and cooperation afforded the Commission staff. Among other things, CPI Aero remediated all material weaknesses identified, revised its Sarbanes-Oxley compliance program, retained new personnel with expanded expertise in financial reporting, and hired a consultant to assist CPI Aero with its internal controls. Announcement • Apr 03
CPI Aerostructures, Inc. announced delayed annual 10-K filing On 04/02/2024, CPI Aerostructures, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Announcement • Oct 25
CPI Aerostructures Appoints Pamela Levesque to its Board of Directors CPI Aerostructures, Inc. announced that its Board of Directors has appointed Pamela D. Levesque to serve as an independent Class II Director. She was also appointed to the Board’s Audit and Finance Committee. Ms. Levesque, 66, brings a wealth of experience and knowledge garnered from a distinguished career spanning more than 35 years in the aerospace and defense industry. Throughout her career, Pamela has demonstrated exceptional leadership and expertise in various critical areas, including P&L management, government contracting, budget control, cost reduction, process improvement, project management, systems implementation, and operational management. Most recently, Pamela has served as Vice President and Chief Financial Officer of APL Investments LLC, her family's real estate business. Prior to her retirement in 2017, she held the position of Director of Business Operations at Aerojet Rocketdyne, where she provided exemplary leadership to the West Palm Beach financial organization. In this capacity, Pamela played a key role in the financial integration of the Rocketdyne acquisition. Pamela also held the position of Group Chief Financial Officer, Structures & Systems at AAR Corp., leveraging her diverse financial and business background where she oversaw six manufacturing businesses, including two international entities. A significant portion of her career was spent at Pratt & Whitney, a division of Raytheon Technologies, where she initially began as an analytical engineer and ascended through the ranks to become Manager of Financial Operations, Business Unit Controller, and Director of Financial Operations. Pamela holds a Bachelor of Science in Engineering degree from Valparaiso University and earned her MBA from Florida Atlantic University. Announcement • Jun 21
CPI Aerostructures, Inc. Appoints Rick Rosenjack as A New Independent Member of the Board Effective Immediately CPI Aerostructures, Inc. announced that its Board of Directors has appointed Rick Rosenjack as a new independent member of the Board effective immediately. He was also appointed to the Board’s Nominating and Corporate Governance Committee. As a result of this appointment, CPI Aero has filled one of its two vacant Class II director seats. Mr. Rosenjack, 64, brings to CPI Aero 38 years of aerospace experience, and has twice led multi-site, international businesses with $1 billion in annual revenue. Currently, Mr. Rosenjack serves as President of NWI Aerostructures. Previously he held the role of President of TECT Aerospace and prior to that he served as Executive Vice President of Triumph Group, Inc.’s Precision Components Division. Before Triumph, he was Chief Operating Officer for HM Dunn Aerosystems and Vice President/General Manager of the Aerostructures Division of Héroux-Devtek, Inc. until it was sold to Precision Castparts Corp. in 2012. Mr. Rosenjack began his career at Textron, Inc. where he served for 20 years first in leadership roles in operations, manufacturing engineering and program management at Textron Aerostructures and then as VP Supply Chain Management at Bell Helicopter before rising to Senior Vice President of Bell Helicopter’s Worldwide Commercial Helicopter Business in 2002. Mr. Rosenjack earned a BS degree from Bethel University and an MBA degree from Vanderbilt University’s Owen Graduate School of Management. He completed Advanced Management Programs at Harvard University in 1995 and The Wharton School of the University of Pennsylvania in 2002. Announcement • Feb 04
CPI Aerostructures, Inc. Announces Resignation of Walter Paulick from its Board of Directors On and effective January 31, 2023, Walter Paulick, a Class II director and a member of the audit and finance, nominating and corporate governance, and oversight committees of the board of directors of CPI Aerostructures, Inc. (the “Company”), resigned from the Company’s board of directors. Announcement • Nov 15
CPI Aerostructures, Inc. announced delayed 10-Q filing On 11/14/2022, CPI Aerostructures, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Oct 18
CPI Aerostructures, Inc. Announces Resignation of Kenneth Hauser as Senior Vice President of Operations CPI Aerostructures, Inc. announced that on October 10, 2022, Kenneth Hauser, Senior Vice President of Operations, informed the registrant he will be leaving the company on October 20, 2022. Announcement • Oct 06
CPI Aerostructures, Inc. Common Stock Deleted from OTC Equity CPI Aerostructures, Inc. Common Stock has been deleted from OTC Equity effective from October 05, 2022, due to Market Center Change Listed on AMEX. Announcement • Oct 01
CPI Aerostructures Anticipates Trading on NYSE American Exchange to Recommence on October 5 CPI Aerostructures, Inc. announced that it has been informed by NYSE American that the exchange has terminated its proceeding to delist the Company’s common stock. As a result, the Company expects trading of its common stock to recommence on the NYSE American exchange on October 5, 2022, under the symbol “CVU.” The Company became current with its SEC reports on September 29, 2022 upon the filing of its Quarterly Report on Form 10-Q for the period ended June 30, 2022. This resolved the condition that led to NYSE American suspending trading in the Company’s common stock on the exchange. Announcement • Aug 20
CPI Aerostructures, Inc. Provides Earnings Guidance for the Fiscal Year 2022 CPI Aerostructures, Inc. provided earnings guidance for the fiscal year 2022. For the period, the company expects lower revenue in 2022 and have implemented actions in the first quarter of 2022 to align the costs with the outlook for revenue, and maintain the commitment to sustain profitability and positive operating cash flow for the year. Announcement • Aug 16
CPI Aerostructures, Inc. announced delayed 10-Q filing On 08/15/2022, CPI Aerostructures, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • May 25
CPI Aerostructures, Inc.(OTCPK:CVUA) dropped from S&P TMI Index CPI Aerostructures, Inc.(OTCPK:CVUA) dropped from S&P TMI Index Announcement • May 20
NYSE American to Suspend Trading Immediately in CPI Aerostructures and Commence Delisting Proceedings NYSE American LLC (“NYSE American” or the “Exchange”) announced that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of CPI Aerostructures, Inc. (the “Company”) - ticker symbol CVU - from the Exchange. Trading in the Company’s common stock on the NYSE American will be suspended immediately. NYSE Regulation reached its decision that the Company is no longer suitable for listing, because the Company is delayed in filing with the Securities and Exchange Commission (the “SEC”) its annual report on Form 10-K for the fiscal year ended December 31, 2021 (“Delayed Filing”). The Company informed NYSE American that it will not be able to complete its Delayed Filing by May 24, 2022, which is the maximum time allowed under Section 1007 of the NYSE Company Guide. The Company has a right to a review of staff’s determination to delist the common stock by a committee of the Board of Directors of the Exchange. NYSE American will apply to the Securities and Exchange Commission to delist the Company’s common stock upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision. Announcement • May 17
CPI Aerostructures, Inc. announced delayed 10-Q filing On 05/16/2022, CPI Aerostructures, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Apr 12
Cpi Aerostructures Announces NYSE Grants Additional Extension of Cure Period for Timely Filing Criteria Plan of Compliance CPI Aerostructures, Inc. announced that it received notice from the NYSE American LLC (“Exchange”) informing the Company that the Exchange has granted CPI Aero’s request for an additional extension of the cure period for the Company’s plan to regain compliance with the Exchange’s standards for continued listing of its common stock under the timely filing criteria included in the NYSE American Company Guide. The Company’s compliance plan provided for the Company to file its delayed Quarterly Reports on Form 10-Q for the quarters ended March 31, 2021, June 30, 2021 and September 30, 2021 before the end of the cure period. As previously reported, the Exchange granted CPI Aero until April 14, 2022, to regain compliance with the timely filing criteria. The Company requested and on April 8, 2022, the Exchange granted an additional extension up to the maximum cure period of May 24, 2022. If the Company does not make progress consistent with the plan during the plan period or if the Company does not complete its delayed filings and any subsequently delayed filings with the Securities and Exchange Commission by the end of the maximum 12-month cure period on May 24, 2022, the Exchange staff will initiate delisting proceedings, as appropriate. The Company filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 on December 27, 2021. The Company plans to file its Quarterly Reports on Form 10-Q for the periods ended June 30, 2021 and September 30, 2021 and its subsequently delayed Annual Report on Form 10-K for the year ended December 31, 2021 with the Securities and Exchange Commission before the end of the cure period. Announcement • Apr 01
CPI Aerostructures, Inc. announced delayed annual 10-K filing On 03/31/2022, CPI Aerostructures, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improved over the past week After last week's 16% share price gain to US$3.11, the stock trades at a trailing P/E ratio of 41.1x. Average trailing P/E is 21x in the Aerospace & Defense industry in the US. Total loss to shareholders of 56% over the past three years. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improved over the past week After last week's 17% share price gain to US$2.67, the stock trades at a trailing P/E ratio of 35.3x. Average trailing P/E is 21x in the Aerospace & Defense industry in the US. Total loss to shareholders of 63% over the past three years. Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment improved over the past week After last week's 20% share price gain to US$2.73, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 19x in the Aerospace & Defense industry in the US. Total loss to shareholders of 58% over the past three years. Reported Earnings • Dec 29
First quarter 2021 earnings: EPS misses analyst expectations First quarter 2021 results: EPS: US$0.10 (up from US$0.24 loss in 1Q 2020). Revenue: US$30.8m (up 83% from 1Q 2020). Net income: US$1.23m (up US$4.05m from 1Q 2020). Profit margin: 4.0% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Earnings per share (EPS) surpassed analyst estimates. Over the next year, revenue is forecast to grow 6.1%, compared to a 7.9% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings. Announcement • Dec 28
CPI Aerostructures, Inc. Reaffirms Earning Guidance for 2021 CPI Aerostructures, Inc. affirmed previously stated expectation for 2021 revenue greater than $100 million compared to $87.6 million in 2020 and net income of greater than $4 million, not including the $4.8 million of other income related to the July 1, 2021 forgiveness of Paycheck Protection Program loan, as compared to the net loss of $3.7 million in 2020. Board Change • Dec 05
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Director Rick Caswell was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 01
CPI Aerostructures, Inc. Provides Earnings Guidance for the Fiscal Year 2021 CPI Aerostructures, Inc. provided earnings guidance for the fiscal year 2021. For the year the company expected revenue greater than $100 million compared to $87.6 million in 2020 and net income of greater than $4 million, not including the $4.8 million of other income related to the July 1, 2021. Reported Earnings • Nov 28
Full year 2020 earnings: EPS misses analyst expectations Full year 2020 results: US$0.31 loss per share (up from US$0.57 loss in FY 2019). Revenue: US$87.6m (flat on FY 2019). Net loss: US$3.65m (loss narrowed 46% from FY 2019). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 27%. Earnings per share (EPS) missed analyst estimates by 27%. Over the next year, revenue is forecast to grow 13%, compared to a 9.0% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Announcement • Nov 24
CPI Aerostructures Announces NYSE American Acceptance of Compliance Plan On November 19, 2021, CPI Aerostructures, Inc. received notice from NYSE American LLC (the “Exchange”) that NYSE Regulation has accepted the Company’s October 18, 2021 plan to regain compliance with the Exchange’s continued listing standards set forth in Sections 1003(a)(i) and 1003(a)(ii) of the NYSE American Company Guide (the “Company Guide”) and has granted a plan period through March 17, 2023, subject to periodic review by the Exchange, including quarterly monitoring, for compliance with the plan. If the Company is not in compliance with the continued listing standards by March 17, 2023 or if the Company does not make progress consistent with the plan during the plan period, the NYSE Regulation staff may initiate delisting proceedings, as appropriate. As previously reported in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on September 23, 2021, on September 17, 2021, the Company received notice from the staff of the Exchange, indicating that the Company does not meet the Exchange’s continued listing standards set forth in Part 10 of the Company Guide. The Company is not in compliance with Section 1003(a)(i) of the Company Guide since it has stockholders’ equity of less than $2.0 million and losses from continuing operations and/or net losses in two of its three most recent fiscal years and Section 1003(a)(ii) of the Company Guide since it has stockholders’ equity of less than $4.0 million and losses from continuing operations and/or net losses in three of its four most recent fiscal years. The Company has therefore become subject to the procedures and requirements of Section 1009 of the Company Guide. On October 18, 2021, the Company submitted a plan to the Exchange addressing how the Company intends to regain compliance with the continued listing standards by March 17, 2023. The notice from the Exchange that the Company’s plan of compliance has been accepted has no immediate impact on the listing of the Company’s common stock on the Exchange. The listing of the Company’s common stock on the Exchange is being continued pursuant to an extension during the plan period. The Company’s common stock continues to trade under the symbol “CVU” with a “.BC” indicator extension to signify that the Company is currently not considered to be in compliance with the Exchange’s continued listing standards. Price Target Changed • Nov 17
Price target decreased to US$4.00 Down from US$5.00, the current price target is provided by 1 analyst. New target price is 32% above last closing price of US$3.03. Stock is up 7.1% over the past year. The company is forecast to post earnings per share of US$0.30 next year compared to a net loss per share of US$0.11 last year. Breakeven Date Change • Nov 17
Forecast to breakeven in 2021 The analyst covering CPI Aerostructures expects the company to break even for the first time. New forecast suggests the company will make a profit of US$3.60m in 2021. Earnings growth of 57% is required to achieve expected profit on schedule. Announcement • Sep 24
CPI Aerostructures Discloses Receipt of Notice from NYSE Regarding Non-Compliance with Continued Listing Standards CPI Aerostructures, Inc. announced that on September 17, 2021 the Company received a notice from the staff of NYSE American LLC (the “Exchange”), indicating that the Company does not meet the Exchange’s continued listing standards set forth in Part 10 of the NYSE American LLC Company Guide (the “Company Guide”). The Company is not in compliance with Section 1003(a)(i) of the Company Guide since it has stockholders’ equity of less than $2.0 million and losses from continuing operations and/or net losses in two of its three most recent fiscal years and Section 1003(a)(ii) of the Company Guide since it has stockholders’ equity of less than $4.0 million and losses from continuing operations and/or net losses in three of its four most recent fiscal years. The Company has therefore become subject to the procedures and requirements of Section 1009 of the Company Guide and must submit a plan to the Exchange by October 17, 2021 addressing how the Company intends to regain compliance with the continued listing standards by March 17, 2023 (the “Plan”). The Company intends to timely deliver a plan of compliance to the Exchange. If the Plan is not accepted by the Exchange, then the Company will be subject to delisting proceedings as specified in the Company Guide. If the Plan is accepted, the Company will be subject to periodic Exchange reviews, including quarterly monitoring for compliance with the Plan until it has regained compliance. The Company’s common stock continues to trade under the symbol “CVU” with a “.BC” indicator extension to signify that the Company is currently not considered to be in compliance with the Exchange’s continued listing standards. Announcement • Aug 18
CPI Aerostructures, Inc. announced delayed 10-Q filing On 08/17/2021, CPI Aerostructures, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Price Target Changed • Aug 17
Price target decreased to US$4.00 Down from US$5.00, the current price target is provided by 1 analyst. New target price is 16% above last closing price of US$3.45. Stock is up 8.8% over the past year. Announcement • Jun 08
CPI Aerostructures, Inc. Provides Earnings Guidance for the Fiscal Year 2020 CPI Aerostructures, Inc. provided earnings guidance for the fiscal year 2020. The company currently estimates fiscal year 2020 net income will be reduced by between $1.9 million and $2.3 million, spread over the four fiscal quarters. Announcement • Jun 02
CPI Aerostructures Receives Notice from NYSE American Regarding Late Filing of Quarterly Report on Form 10-Q CPI Aerostructures, Inc. (NYSEAM:CVU) announced that on May 25, 2021, the Company received a notice from NYSE Regulation stating that the Company is not in compliance with the NYSE American LLC’s (the “Exchange”) continued listing standards under the timely filing criteria set in Section 1007 of the NYSE American Company Guide (the “Company Guide”). The non-compliance results from the Company’s failure to timely file its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2021 (the “Delayed Form 10-Q”), which was due to be filed with the Securities and Exchange Commission (“SEC”) no later than May 24, 2021 (the “Filing Delinquency”). The Company has not timely filed the Delayed Form 10-Q because additional time is needed to complete the Company’s financial closing process for the quarterly period ended March 31, 2021. On May 17, 2021 the Company filed a Notification of Late Filing on Form 12b-25 (the “Form 12b-25”) with the SEC which stated that it was unable to file the Delayed Form 10-Q by the prescribed due date without unreasonable effort or expense due to, among other things, long-term COVID-19 related absences of personnel whose functions are essential to the financial closing process. After the filing of the Form 12b-25, as part of the delayed financial closing process, management identified errors during its inventory testing procedures related to the recording and reporting of inventory costing and related internal controls (“Inventory Costing Errors”). The Company is evaluating the scope and impact of such errors. The Company believes that the Inventory Costing Errors are limited to products for which the Company recognizes revenue when delivered to customers and may have resulted in incorrect inventory valuation for the annual periods ended December 31, 2019 and December 31, 2020. Collectively, these products accounted for approximately 15% of total 2020 revenue and 5% of total 2019 revenue. The Company is assessing the effect, if any, on the Company’s financial statements for the quarter ended March 31, 2021 and previously issued financial statements, as well as whether there are any material weaknesses in the Company’s internal controls. In accordance with Section 1007 of the Company Guide, the Company will have six months from May 24, 2021, or until November 24, 2021 (the “Initial Cure Period”), to file the Delayed Form 10-Q with the SEC. If the Company fails to file the Delayed Form 10-Q during the Initial Cure Period, the Exchange may, in its sole discretion, provide an additional six-month period (the “Additional Cure Period”). The Company can regain compliance with the Exchange’s continued listing standards at any time during the Initial Cure Period or Additional Cure Period, as applicable, by filing the Form 10-Q with the SEC. The Company intends to file the Delayed Form 10-Q as soon as practicable. During the Initial Cure Period and the Additional Cure Period, if applicable, the Company’s common stock will continue to be listed on the Exchange, subject to the Company’s compliance with other continued listing requirements. Announcement • May 18
CPI Aerostructures, Inc. announced delayed 10-Q filing On 05/17/2021, CPI Aerostructures, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Apr 18
CPI Aerostructures Provides Earnings Guidance for the Fiscal 2021 CPI Aerostructures, Inc. expects higher revenue, operating income and operating cash flow in 2021 compared to 2020. Announcement • Apr 02
CPI Aerostructures, Inc. announced delayed annual 10-K filing On 03/31/2021, CPI Aerostructures, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Is New 90 Day High Low • Feb 20
New 90-day high: US$5.07 The company is up 74% from its price of US$2.91 on 20 November 2020. The American market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Aerospace & Defense industry, which is up 6.0% over the same period. Announcement • Feb 18
Cpi Aerostructures, Inc. Receives $8.7 Million Purchase Order from U.S. Air Force for T-38 Aircraft Modification Kits CPI Aerostructures, Inc. announced that it has been awarded a $8.7 million purchase order under a previously announced contract from the U.S. Air Force to provide structural modification kits, program management, logistics, and other sustainment services in support of Phase 3 of the T-38C Pacer Classic III Fuselage Structural Modification Kit Integration program (“PCIII”) and the Talon Repair Inspection and Maintenance (“TRIM”) program. In July 2019, the Company announced the PCIII and TRIM contract valued at up to $65.7 million. The new purchase order brings the total funded value of the contract to $24.0 million and extends the currently funded period of performance into 2024. Price Target Changed • Feb 17
Price target raised to US$4.00 Up from US$2.50, the current price target is provided by 1 analyst. The new target price is 21% below the current share price of US$5.04. As of last close, the stock is up 20% over the past year. Announcement • Dec 31
CPI Aerostructures, Inc. to Report Q3, 2020 Results on Dec 31, 2020 CPI Aerostructures, Inc. announced that they will report Q3, 2020 results Pre-Market on Dec 31, 2020 Announcement • Dec 17
CPI Aerostructures, Inc. to Collaborate With Wilder Systems on Robotic Manufacturing Research Project for U.S. Army CPI Aerostructures, Inc. announced that it is participating in Phase I of a Cooperative Research and Development Agreement that Wilder Systems entered into with the U.S. Army. The objective of the project is to demonstrate the capability of Wilder’s Agile Manufacturing Robot, from repetitive drilling to complex mixed-stack drilling operations, with improved quality and throughput over more manually-intensive methods. In collaborating with Wilder Systems, CPI Aero is procuring and providing eight unique material coupon stacks representative of current aircraft structure. Materials include Carbon Fiber, Titanium, Aluminum, Corrosion Resistant Steel and Inconel. Announcement • Nov 18
CPI Aerostructures, Inc. announced delayed 10-Q filing On 11/17/2020, CPI Aerostructures, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Reported Earnings • Nov 14
Second quarter 2020 earnings released: US$0.05 loss per share The company reported a poor second quarter result with weaker earnings, revenues and control over expenses. Second quarter 2020 results: Revenue: US$19.7m (down 15% from 2Q 2019). Net loss: US$596.8k (down 122% from profit in 2Q 2019). Over the last 3 years on average, earnings per share has fallen by 89% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings. Announcement • Nov 10
Cpi Aerostructures, Inc. Appoints Richard Caswell to Board of Directors CPI Aerostructures, Inc. announced that Richard S. Caswell has been appointed to its Board of Directors, effective November 4, 2020. He was also appointed Chairperson of the Audit and Finance Committee. Mr. Caswell is a finance and accounting executive who possesses extensive experience in financial management, including government contracting, financial planning and analysis, accounting, mergers & acquisitions and taxation. He retired after 22 years at United Technologies Corporation where he served, in his latest role, as Vice President of Finance and Chief Financial Officer for the Power, Controls and Sensing System segment of United Technologies Aerospace Services. Announcement • Nov 07
CPI Aerostructures, Inc. to Report Q2, 2020 Results on Nov 12, 2020 CPI Aerostructures, Inc. announced that they will report Q2, 2020 results at 9:00 AM, Eastern Standard Time on Nov 12, 2020 Announcement • Oct 18
CPI Aerostructures Receives Extension to Cure Non-Compliance from NYSE CPI Aerostructures, Inc. (NYSE American: CVU) announced that, on October 15, 2020, it received a notice from the NYSE American LLC (“Exchange”) informing CPI Aero that the Exchange had accepted CPI Aero’s plan to regain compliance with the Exchange standard for continued listing of its common stock under the timely filing criteria included in Section 1007 of the NYSE American Company Guide. The Exchange has granted CPI Aero additional three-month period, or until January 15, 2021, to file its Quarterly Reports on Form 10-Q for the quarters ended June 30, 2020 and September 30, 2020 and to regain compliance with the timely filing criteria. The notification from the Exchange has no immediate effect on the listing or trading of the Company’s common stock. If the Company fails to file such Forms 10-Q on or before January 15, 2021, the Exchange may, in its sole discretion, allow the Company's common stock to trade for up to an additional three months. Announcement • Oct 07
Janet Cooper Not to Stand for Re-Election as Class I Director of CPI Aerostructures, Inc Janet Cooper did not stand for re-election as a Class I director of CPI Aerostructures, Inc., at its AGM held on October 6, 2020. Is New 90 Day High Low • Oct 03
New 90-day low: US$2.26 The company is down 35% from its price of US$3.47 on 02 July 2020. The American market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Aerospace & Defense industry, which is flat over the same period. Reported Earnings • Oct 02
First quarter earnings released Over the last 12 months the company has reported total losses of US$6.33m, with earnings decreasing by US$8.96m from the prior year. Total revenue was US$82.4m over the last 12 months, down 9.8% from the prior year. Announcement • Sep 30
CPI Aerostructures, Inc. to Report Q1, 2020 Results on Sep 30, 2020 CPI Aerostructures, Inc. announced that they will report Q1, 2020 results on Sep 30, 2020 
