Revenue: As of FY2025 Q2, the actual value is USD 15.18 M.EPS: As of FY2025 Q2, the actual value is USD -0.1.EBIT: As of FY2025 Q2, the actual value is USD -2.273 M.<h3>Segment Revenue</h3><ul><li>Government Subcontracts: Revenue for the three months ended June 30, 2025, was $12,266,475, a decrease from $16,963,874 in the same period in 2024. For the six months ended June 30, 2025, revenue was $23,593,083, down from $31,965,642 in 2024.</li><li>Prime Government Contracts: Revenue for the three months ended June 30, 2025, was $1,335,358, down from $2,601,347 in 2024. For the six months ended June 30, 2025, revenue was $4,128,970, compared to $5,383,228 in 2024.</li><li>Commercial Contracts: Revenue for the three months ended June 30, 2025, was $1,577,275, up from $1,245,113 in 2024. For the six months ended June 30, 2025, revenue was $2,857,663, compared to $2,542,607 in 2024.</li></ul><h3>Operational Metrics</h3><ul><li>Net Income: For the three months ended June 30, 2025, the net loss was -$1,324,959, compared to a net income of $1,409,946 in 2024. For the six months ended June 30, 2025, the net loss was -$2,648,883, compared to a net income of $1,578,184 in 2024.</li><li>Gross Margin: For the three months ended June 30, 2025, the gross margin was 4.4%, down from 24.6% in 2024. For the six months ended June 30, 2025, the gross margin was 7.6%, compared to 21.7% in 2024.</li><li>Operating Loss: For the three months ended June 30, 2025, the operating loss was -$1,990,642, compared to an operating income of $2,339,489 in 2024. For the six months ended June 30, 2025, the operating loss was -$3,176,944, compared to an operating income of $3,179,334 in 2024.</li></ul><h3>Cash Flow</h3><ul><li>Operating Cash Flow: Net cash used in operating activities for the six months ended June 30, 2025, was -$3,317,875, compared to -$1,552,224 in 2024.</li></ul><h3>Unique Metrics</h3><ul><li>Backlog: As of June 30, 2025, the total backlog was $506,487,000, compared to $510,271,000 as of December 31, 2024. The government backlog was $487,131,000, and the commercial backlog was $19,356,000 as of June 30, 2025.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>Core Business Focus: The company is focused on managing its financial covenants and maintaining liquidity, with a waiver obtained for financial covenant non-compliance for the fiscal quarter ended June 30, 2025. The company is also working on a remediation plan to strengthen its internal control environment.</li><li>Non-Core Business: The termination of the A-10 program has impacted financial performance, and the company is evaluating the situation for further adjustments.</li></ul>

CPI Aerostructures, Inc. | 10-Q: FY2025 Q2 Revenue: USD 15.18 M