Cpi aerostructures reports fourth quarter and full year 2022 results

Fourth quarter 2022 vs. fourth quarter 2021 revenue of $24.1 million compared to $26.4 million; gross profit of $3.9 million compared to $2.8 million; gross margin of 16.1% compared to 10.8%; net income of $6.8 million ($0.3 million excluding the fourth quarter 2022 deferred tax asset valuation allowance reduction of $6.5 million) compared to net loss of $(0.5) million; earnings per share of $0.55 ($0.03 excluding the fourth quarter 2022 deferred tax asset valuation allowance reduction of $0.52) compared to loss per share of $(0.04); cash flow from operations of $0.1 million compared to $4.1 million.
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