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Income Statement
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Op Efficiency
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CPI AEROSTRUCTURES INC (CVU)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues  103.487.687.570.481.381.3100.239.7
            Revenue growth  18.0%0.1%24.4%-13.4%-0.1%-18.8%152.5%-52.2%
Cost of goods sold  88.477.880.766.262.677.083.669.4
Gross profit  15.09.86.84.218.64.316.6-29.7
            Gross margin  14.5%11.1%7.8%6.0%22.9%5.3%16.6%-74.9%
Selling, general and administrative  11.812.011.69.88.48.67.67.3
EBITDA   [+]4.2-1.3-3.6-4.910.8-3.69.8-36.3
            EBITDA margin  4.1%-1.4%-4.1%-6.9%13.3%-4.5%9.8%-91.4%
Depreciation  0.90.91.10.70.60.70.90.8
EBITA  3.3-2.2-4.7-5.610.2-4.39.0-37.0
            EBITA margin  3.2%-2.5%-5.4%-7.9%12.5%-5.3%8.9%-93.3%
Amortization of intangibles  0.10.1      
EBIT   [+]3.2-2.3-4.7-5.610.2-4.39.0-37.0
            EBIT margin  3.1%-2.6%-5.4%-7.9%12.5%-5.3%8.9%-93.3%
Interest expense  1.11.42.12.01.71.40.90.8
Other income (expense), net   [+]4.8 0.10.00.00.00.00.1
Pre-tax income  6.8-3.7-6.7-7.58.5-5.78.0-37.7
Income taxes  0.0-0.10.00.02.7-2.13.0-12.5
            Tax rate  0.2%1.4%  32.0%36.4%37.4%33.1%
Net income  6.8-3.7-6.8-7.55.8-3.65.0-25.2
            Net margin  6.6%-4.2%-7.7%-10.7%7.1%-4.4%5.0%-63.5%
   
Basic EPS   [+]$0.56($0.31)($0.57)($0.80)$0.65($0.42)$0.59($2.98)
Diluted EPS   [+]$0.56($0.31)($0.57)($0.80)$0.65($0.42)$0.58($2.98)
   
Shares outstanding (basic)   [+]12.211.911.89.58.88.78.68.5
Shares outstanding (diluted)   [+]12.211.911.89.58.88.78.68.5
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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