UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to __________ Commission File Number: 1-11398 CPI AEROSTRUCTURES, INC. (Exact name of registrant as specified in its charter) New York 11-2520310 (State or othe ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to __________ Commission File Number: 1-11398 CPI AEROSTRUCTURES, INC. (Exact name of registrant as specified in its charter) New York 11-2520310 (State or oth ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 Commission file number 1-11398 CPI AEROSTRUCTURES, INC. (Exact name of registrant as specified in its charter) New York 11-2520310 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 91 Heartland Blvd., Edgewood, New York 11717 (Address of principal exe ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading symbol(s) Name of each exchange on which registered Common stock, $0.001 par value per share CVU NYSE American FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ...

Financial Performance - Revenue for the three months ended June 30, 2021, was $22.30 million, up 19.00% from $18.70 million for the same period in 2020[8]. - Gross profit for the six months ended June 30, 2021, was $8.52 million, compared to $1.97 million for the same period in 2020, indicating a significant improvement[8]. - Net income for the three months ended June 30, 2021, was $623,151, compared to a net loss of $1.36 million for the same period in 2020[8]. - For the six months ended June 30, 2021, the net income was $1,855,694 compared to a net loss of $4,717,916 for the same period in 2020[14]. - For the six months ended June 30, 2021, the Company reported total revenue of $53,119,936, an increase from $36,599,154 for the same period in 2020, representing a growth of approximately 45%[41]. Assets and Liabilities - Total assets increased to $50.07 million as of June 30, 2021, compared to $46.51 million as of December 31, 2020, representing an increase of 3.56%[7]. - Current liabilities increased to $34.68 million as of June 30, 2021, from $30.01 million as of December 31, 2020, reflecting a rise of 15.00%[7]. - The company reported a total shareholders' deficit of $10.56 million as of June 30, 2021, improved from a deficit of $12.98 million as of December 31, 2020[7]. - The current portion of long-term debt increased to $8.17 million as of June 30, 2021, compared to $6.50 million as of December 31, 2020[7]. - The carrying amount of short-term borrowings and long-term debt as of June 30, 2021, was $32,510,485, compared to $33,445,446 as of December 31, 2020, showing a decrease of approximately 3%[52]. Cash Flow and Financing - The company’s cash position decreased to $2.60 million as of June 30, 2021, down from $6.03 million as of December 31, 2020[7]. - Net cash used in operating activities was $(2,486,631) for the six months ended June 30, 2021, compared to $(852,182) for the same period in 2020[14]. - The company reported a net cash decrease of $(3,433,544) during the period, with cash at the end of the period amounting to $2,599,993[14]. - Payments on long-term debt amounted to $(1,196,276) during the period[14]. - The company received full forgiveness of a $4,795,000 PPP Loan on July 1, 2021, which will be recognized in the third fiscal quarter ending September 30, 2021[63]. Inventory and Contract Management - The net inventory as of June 30, 2021, was $5,281,161, a decrease from $6,386,288 as of December 31, 2020, reflecting a reduction of approximately 17%[45]. - The Company’s contract assets represent revenue recognized on contracts in excess of amounts invoiced, which is typical for government contracts, indicating a strong position in contract management[43]. - The company has maintained procedures to reduce investments in inventory and contract assets[22]. - The Company recognized approximately $1.5 million and $2.6 million of revenue for the periods ended June 30, 2021 and 2020, respectively, that was included in the contract liabilities balance as of January 1, 2021 and 2020[44]. Customer Concentration - The company's two largest customers accounted for 35% and 23% of revenue for the six months ended June 30, 2021[68]. - At June 30, 2021, 33% of accounts receivable was from the company's largest customer[69]. Compliance and Governance - The company received a notice from NYSE American indicating noncompliance with continued listing standards due to stockholders' equity of less than $2.0 million and losses in two of the last three fiscal years[113]. - The company submitted a plan to regain compliance with NYSE listing standards by March 17, 2023, subject to quarterly monitoring[113]. - The company is required to maintain a minimum debt service coverage ratio of no less than 1.5 to 1.0 for the trailing four-quarter period ended September 30, 2022[59]. Operational Adjustments - A cost reduction initiative was initiated in Q1 2022, including headcount reduction and operational efficiency improvements, expected to positively impact financial results starting in Q2 2022[115]. - The company has negotiated amendments to its credit agreement to extend the maturity date to September 30, 2023[22]. - The Company’s leverage ratio covenant was amended to 4.0 to 1.0 for fiscal quarters ending on and after March 31, 2021[56].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to __________ Commission File Number: 1-11398 CPI AEROSTRUCTURES, INC. (Exact name of registrant as specified in its charter) New York 11-2520310 (State or oth ...

United States SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 Commission file number 1-11398 CPI AEROSTRUCTURES, INC. (Exact name of registrant as specified in its charter) New York 11-2520310 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 91 Heartland Blvd., Edgewood, New York 11717 (Address of principal exe ...

Information contained herein is proprietary to CPI Aero and may be subject to ITAR regulations 1 Expertise in Aerospace Technologies 2020 Q3 Results Presentation Speakers: Douglas McCrosson, President & Chief Executive Officer Tom Powers, Acting Chief Financial Officer Monday, January 4, 2021 LISTED NYSE AMERICAN Disclosure Statements This presentation contains forward-looking statements that are based on current expectations of management and certain assumptions that are subject to risks and uncertainties. ...

CPI Aerostructures, Inc. (NYSE:CVU) Q3 2020 Earnings Conference Call January 4, 2021 8:30 AM ET Company Participants Jody Burfening - LHA Investor Relations Council Doug McCrosson - President and Chief Executive Officer Tom Powers - Acting Chief Financial Officer Conference Call Participants Ken Herbert - Canaccord Art Winston - Pilot Advisors Operator Good morning and welcome to the Third Quarter 2020 CPI Aerostructures’ Earnings Conference Call. All participants will be in listen-only mode. [Operator Inst ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to __________ Commission File Number: 1-11398 CPI AEROSTRUCTURES, INC. (Exact name of registrant as specified in its charter) New York 11-2520310 (State or ...