CPI Aerostructures Inc. (CVU) Financial Statements (2025 and earlier)

Company Profile

Business Address 200A EXECUTIVE DR
EDGEWOOD, NY 11717
State of Incorp. NY
Fiscal Year End December 31
Industry (SIC) 3728 - Aircraft Parts and Auxiliary Equipment, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,9373,0185,0952,6103,0813,998
Cash and cash equivalents1,9373,0185,0952,6103,0813,998
Receivables6,2695,0224,3929,1648,6619,124
Inventory, net of allowances, customer advances and progress billings1,1331,2811,4371,6511,9192,335
Inventory1,1331,2811,4371,6511,9192,335
Contract with customer, asset, after allowance for credit loss34,18434,01735,31231,03130,96230,363
Other undisclosed current assets563532678670566969
Total current assets:44,08543,87146,91445,12645,18946,788
Noncurrent Assets
Operating lease, right-of-use asset3,8094,2784,7405,1965,6466,071
Property, plant and equipment7947417948679511,052
Intangible assets, net (including goodwill)1,7841,7841,7841,7841,7841,784
Goodwill1,7841,7841,7841,7841,7841,784
Deferred income tax assets19,58319,90719,9386,0746,2796,374
Other noncurrent assets163175190212234227
Total noncurrent assets:26,13326,88527,44614,13414,89515,509
TOTAL ASSETS:70,21870,75674,36059,25960,08462,297
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities20,52419,80820,76318,46817,04916,592
Accounts payable14,52911,86510,48713,05911,73410,813
Accrued liabilities5,9957,94310,2765,4095,3145,779
Deferred revenue2,4834,4975,9386,6698,6057,494
Debt2,7012,220442,53388115
Estimated litigation liability      3,600
Other undisclosed current liabilities2,1382,1794,7672,2834,9635,251
Total current liabilities:27,84528,70431,51129,95330,70433,052
Noncurrent Liabilities
Long-term debt and lease obligation, including:16,21116,9397118,394129163
Long-term debt, excluding current maturities16,21116,93917,66618,39418,40119,129
Other undisclosed long-term debt and lease obligation   (17,596) (18,272)(18,965)
Liabilities, other than long-term debt2,0442,5813,1013,6134,1214,597
Operating lease, liability2,0442,5813,1013,6134,1214,597
Other undisclosed noncurrent liabilities   17,596 18,27218,965
Total noncurrent liabilities:18,25519,52020,76722,00722,52323,726
Total liabilities:46,10148,22452,27851,96153,22756,778
Equity
Equity, attributable to parent24,11722,53122,0827,2996,8575,519
Common stock131313131313
Additional paid in capital74,33074,15473,87373,84973,70873,528
Accumulated deficit(50,226)(51,635)(51,804)(66,563)(66,865)(68,022)
Total equity:24,11722,53122,0827,2996,8575,519
TOTAL LIABILITIES AND EQUITY:70,21870,75674,36059,25960,08462,297

Income Statement (P&L) ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Revenues20,81019,08123,50320,39920,54822,017
Cost of revenue(15,695)(15,527)(19,410)(16,693)(15,944)(17,354)
Gross profit:5,1153,5544,0933,7064,6044,663
Operating expenses(2,776)(2,714)(2,548)(2,535)(2,806)(2,869)
Operating income:2,3398401,5451,1711,7981,793
Interest and debt expense   (639)(664)(542)(611)
Income from continuing operations before equity method investments, income taxes:2,3398409065071,2561,183
Other undisclosed loss from continuing operations before income taxes(588)(632)    
Income from continuing operations before income taxes:1,7522089065071,2561,183
Income tax expense (benefit)(342)(39)13,853(206)(99)(199)
Net income available to common stockholders, diluted:1,41016814,7593011,157983

Comprehensive Income ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Net income:1,41016814,7593011,157983
Comprehensive income, net of tax, attributable to parent:1,41016814,7593011,157983

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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