CPI Aero(US:CVU)2026-03-31 21:11Revenue Performance - Revenue for Q4 2025 was $19.4 million, down 10.9% from $21.8 million in Q4 2024[7] - Full year 2025 revenue decreased to $69.3 million, a decline of 14.5% compared to $81.1 million in 2024[7] Profitability - Gross profit for Q4 2025 was $3.9 million, compared to $4.3 million in Q4 2024, with a gross margin of 20.3%[7] - The company reported a net loss of $0.8 million for the full year 2025, compared to a net income of $3.3 million in 2024[7] - Adjusted EBITDA for the full year 2025 was $1.0 million, significantly lower than $7.8 million in 2024, with an adjusted EBITDA of $5.5 million excluding the A-10 Program impact[7][23] - The gross margin for the full year 2025 was 15.2%, with a notable 21.1% when excluding the A-10 Program impact[7] Debt and Financing - Debt as of December 31, 2025, increased to $18.4 million from $17.4 million in 2024[7] - The company refinanced its debt in December 2025, extending maturity to December 2030 and lowering interest rates[6] Future Outlook - The company ended 2025 with a strong backlog of $505 million, indicating future revenue potential[6] - Significant contract wins were reported from major clients including Raytheon and Lockheed Martin, aligning with the Aerospace & Defense Programs strategy[5]