Quarterly ResultMay 15, 2026, 04:34 PM
CPI Aerostructures Q1 Net Income $1.24M, Revenue Up 12.7%
AI Summary
CPI Aerostructures reported a significant financial turnaround for the first quarter of 2026, moving from a net loss to a net income. Revenue increased by 12.7% year-over-year, driven by strong gross profit growth. The company also saw an improvement in its operating cash flow and an increase in total assets and shareholders' equity.
Key Highlights
- Q1 2026 Net Income: $1.24 million, a significant improvement from a $1.32 million loss in Q1 2025.
- Q1 2026 Revenue: Increased 12.7% to $17.36 million from $15.40 million in Q1 2025.
- Q1 2026 Gross Profit: Soared 171.6% to $4.48 million from $1.65 million in Q1 2025.
- Q1 2026 Income from Operations: $1.83 million, reversing a $1.19 million loss in Q1 2025.
- Basic EPS: $0.10 for Q1 2026, compared to a loss of $0.10 in Q1 2025.
- Total Assets: Grew to $77.31 million as of March 31, 2026, up 2.7% from $75.24 million at year-end 2025.
- Total Shareholders' Equity: Increased 5.7% to $27.28 million as of March 31, 2026.
- Net Cash Used in Operating Activities: Reduced to $0.42 million in Q1 2026 from $2.72 million in Q1 2025.
- Outstanding Debt: $19.17 million under the Loan and Security Agreement as of March 31, 2026.
Price Impact
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