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. ...

Financial Data and Key Metrics Changes - Revenue for Q3 2020 increased by 12.7% to $25.6 million compared to $22.7 million in Q3 2019 [19] - Revenue from defense programs surged by 38%, while revenue from commercial aviation contracts decreased by $3.9 million [19] - Gross profit more than doubled to $4.2 million, reflecting higher revenue and a favorable program mix [21] - Net income improved to $800,000 or $0.07 per share, compared to a net loss of $1.3 million or $0.11 per share in Q3 2019 [22] Business Line Data and Key Metrics Changes - Revenue from military contracts increased by $6.8 million or 38%, primarily due to the Northrop Grumman E-2D program [20] - Revenue from commercial programs declined, particularly from the G-650 and Embraer business jet programs [20] Market Data and Key Metrics Changes - The total backlog at the end of Q3 2020 was $536.9 million, with a funded defense backlog of $183.6 million [18] - The book-to-bill ratio for the 12 months ended September 30 was a strong 1.4 [18] Company Strategy and Development Direction - The company is focused on liquidity, balance sheet improvement, and margin expansion for 2020 and 2021 [27] - Strategic moves were made to eliminate unprofitable business and settle disputes, which had previously diverted resources [33] - The company expects to ramp up production on newer defense programs and improve fixed cost absorption and profitability [31] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for a strong finish to 2020 and positive momentum heading into 2021, citing a solid defense backlog [17][34] - The company anticipates higher revenue, operating income, and operating cash flow for 2021 compared to 2020 [34] Other Important Information - The company resumed work on the Gulfstream G650 program, receiving new purchase orders totaling approximately $3.6 million [12] - The company exited the program with Honda Aircraft Company, which is expected to have a positive effect on Q4 2020 results [16] - A settlement of a working capital dispute with Air Industries added $1.4 million to liquidity [17] Q&A Session Summary Question: Was there anything unusual in the strong revenue growth in Q3? - Management confirmed that there was nothing pulled forward from Q4 and attributed the growth to the Northrop Grumman E-2D program and improved working capital management [38][39] Question: What is the expected revenue cadence into 2021? - Management indicated that activity levels are expected to increase in Q4 2020 and into Q1 2021, with strong business momentum [42] Question: Can you clarify the cash flow situation? - Management confirmed that excluding one-time charges, the company would have been positive in cash flow for the first nine months of 2020, and expects improved cash flow in 2021 [43][46] Question: What can be expected from the A-10 program in 2021? - The A-10 program has a significant backlog and is expected to be profitable in 2021, with anticipated revenue growth of around $4 million to $5 million [48]

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 ...

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, 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 othe ...

Information contained herein is proprietary to CPI Aero and may be subject to ITAR regulations 1 Expertise in Aerospace Technologies 2020 Q2 Results Presentation Speakers: Douglas McCrosson, President & Chief Executive Officer Tom Powers, Acting Chief Financial Officer November 12, 2020 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. There ...

Financial Data and Key Metrics Changes - Revenue for Q2 2020 was $19.7 million, a slight decrease from $20.1 million in Q2 2019, with military contracts increasing by $2.6 million and commercial aviation contracts decreasing by $3 million [18] - Gross profit margin improved significantly, increasing nearly 900 basis points sequentially from Q1 and nearly 200 basis points from the year-ago period [9] - Net loss narrowed to $0.6 million or $0.05 per share compared to $0.9 million or $0.07 per share in Q2 2019 [20] - Liquidity increased from approximately $1 million as of June 30, 2019, to $7 million as of June 30, 2020 [10] Business Line Data and Key Metrics Changes - The defense business showed resilience with revenue increases primarily from the Northrop Grumman E-2D program and T-38 Pacer program, while commercial aviation revenue faced declines [18] - Funded defense backlog reached $205.6 million, up $68.8 million or 50% since December 31, 2019, indicating strong demand in defense contracts [14] - The commercial backlog continued to decline due to COVID-19 impacts, with total funded backlog at $209.0 million, primarily from defense orders [16] Market Data and Key Metrics Changes - The trailing 12-month book-to-bill ratio as of June 30, 2020, was a robust 2.13, indicating strong order intake relative to revenue [13] - The company expects defense spending to remain stable despite political changes, positioning itself well for future contracts [15] Company Strategy and Development Direction - The company is focused on improving liquidity, balance sheet strength, and margin expansion, with initiatives to enhance cash flow and operational efficiency [25][27] - Growth outlook for the aerostructures business is projected at 12% to 14% through 2021, while the aerosystems segment is expected to grow at a compound annual growth rate of 22% to 26% [29][30] - The company aims to maintain positive operating cash flow and reduce debt further in 2021 [28] Management Comments on Operating Environment and Future Outlook - Management expressed optimism for a strong finish to 2020, with expectations for improved revenue and operating income compared to 2019 [33] - The company anticipates that ramping production of newer defense programs will enhance revenue and margins in the second half of 2020 [16][33] Other Important Information - The company received a Paycheck Protection Program loan of $4.8 million, which has been applied for full forgiveness [22] - The company is committed to disciplined debt repayment and enhancing liquidity through operational improvements [26] Q&A Session Summary Question: Expectations for gross margin improvement in the second half of the year - Management expects third quarter gross margin percentage to be higher than in the second quarter, with a significant increase anticipated for the second half of the year [35] Question: Positive earnings quarter this year - Management confirmed that there will be positive earnings quarters in 2020 [36] Question: Revenue expectations for the Next Gen Jammer program - Management indicated that the program is in the SDTA phase, with expected revenue contributions continuing through 2021 [37] Question: Pricing pressure in the defense sector - Management noted that most contracts are fixed price, limiting pricing pressure, and indicated that while there is price sensitivity, it is not as pronounced as in the commercial aviation sector [38][39]

Information contained herein is proprietary to CPI Aero and may be subject to ITAR regulations 1 Expertise in Aerospace Technologies 2020 Q1 Results Presentation Speakers: Douglas McCrosson, President & Chief Executive Officer Tom Powers, Acting Chief Financial Officer October 1, 2020 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. There c ...

CPI Aerostructures, Inc. (NYSE:CVU) Q1 2020 Results Conference Call October 1, 2020 8:30 AM ET Company Participants John Heilshorn - LHA Investor Relations Doug McCrosson - President and Chief Executive Officer Tom Powers - Acting Chief Financial Officer Conference Call Participants Ken Herbert - Canaccord Genuity Operator Good day and welcome to the CPI Aerostructures First Quarter 2020 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note this event is ...