CPI Aerostructures (CVU) sees Q2 2025 loss after Boeing A-10 exit

Rhea-AI Filing Summary

CPI Aerostructures, Inc. filed a late-filing notice for its Quarterly Report on Form 10-Q for the period ended June 30, 2025, stating it cannot file on time without unreasonable effort and expense but expects to file within the allowed extension period. The company indicates it will report a net loss of approximately $1.2 to $1.4 million for the quarter, compared with net income of $1.41 million for the same quarter in 2024. The loss is mainly driven by an unfavorable adjustment to the A-10 Program financials following the recent termination of that program by The Boeing Company, which the company estimates had an unfavorable impact of about $2.1 to $2.3 million on results for the three months ended June 30, 2025.

Positive

• None.

Negative

• Expected loss after prior profit: For the quarter ended June 30, 2025, the company expects a net loss of approximately $1.2–$1.4 million versus net income of $1.41 million a year earlier, driven by an unfavorable A-10 Program adjustment of about $2.1–$2.3 million after Boeing terminated the program.

Insights

Aerospace & defense equity analyst

CPI Aerostructures signals a swing from profit to loss on A-10 program termination.

CPI Aerostructures, Inc. indicates its June 2025 quarter will shift from a prior-year net income of $1.41 million to a net loss of about $1.2 to $1.4 million. The company attributes this mainly to an unfavorable adjustment tied to its A-10 Program after The Boeing Company recently terminated that program.

The filing quantifies an estimated unfavorable impact of roughly $2.1 to $2.3 million on results of operations for the three months ended June 30, 2025. This suggests a meaningful reliance on the A-10 work and highlights sensitivity to program-level changes by major customers such as Boeing.

The company has requested extra time to complete compilation, review, and validation of its Form 10-Q, but still expects to file within the Rule 12b-25 extension window. Subsequent quarterly reports may provide more detail on how the A-10 termination affects ongoing revenue mix and profitability.

SEC FILE NUMBER

001-11398

CUSIP NUMBER

125919308

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 12b-25

NOTIFICATION OF LATE FILING

(Check One): ☐ Form 10-K     ☐ Form 20-F     ☐ Form 11-K     ☒ Form 10-Q     ☐ Form 10-D     ☐ Form N-CEN     ☐ Form N-CSR

For Period Ended: June 30, 2025

☐ Transition Report on Form 10-K

☐ Transition Report on Form 20-F

☐ Transition Report on Form 11-K

☐ Transition Report on Form 10-Q

For the Transition Period Ended:                     

Read Instructions (on back page) Before Preparing Form. Please Print or Type.

Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates: N/A

PART I – REGISTRANT INFORMATION

CPI Aerostructures, Inc.

Full Name of Registrant

N/A

Former Name if Applicable

91 Heartland Blvd.

Address of Principal Executive Office (Street and Number)

Edgewood, New York 11717

City, State and Zip Code

PART II – RULES 12b-25 (b) AND (c)

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)

		(a)	The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
	☒	(b)	The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-CEN or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
		(c)	The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.

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PART III – NARRATIVE

State below in reasonable detail the reasons why the Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-CEN, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period. (Attach extra sheets if needed)

The Registrant is unable to file, without unreasonable effort and expense, its Quarterly Report on Form 10-Q for the period ended June 30, 2025, because additional time is needed to complete the compilation, review, and validation of the information to be included in the Form 10-Q with respect to the adjustments explained in Part IV – Other Information below. The Registrant anticipates that the Form 10-Q will be filed with the U.S. Securities and Exchange Commission within the prescribed extension period.

PART IV – OTHER INFORMATION

(1) Name and telephone number of person to contact in regard to this notification

Pamela Levesque		(631)		586-5200
(Name)		(Area Code)		(Telephone Number)

(2)	Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed?  If answer is no, identify report(s).	☒  Yes	☐  No
(3)	Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?	☒  Yes	☐  No

If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.

For the quarter ended June 30, 2025, CPI Aerostructures, Inc. (the “Company”) expects to report a net loss of approximately $1.2 to $1.4 million, compared to net income of $1.41 million for the quarter ended June 30, 2024. The loss for the quarter is primarily due to an unfavorable adjustment to the A-10 Program financials reflecting the recent termination of the Program by The Boeing Company. In light of this termination, the Company has estimated an unfavorable impact of approximately $2.1 to $2.3 million to its results of operation for the three months ended June 30, 2025.

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CPI AEROSTRUCTURES, INC.

(Name of Registrant as Specified in Charter)

has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.

Date: August 14, 2025	By:	/s/ Pamela Levesque
		Pamela Levesque
		Interim Chief Financial Officer

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FAQ

Why did CPI Aerostructures (CVU) file a late Form 10-Q?

CPI Aerostructures, Inc. filed a late-filing notice because it needs additional time to complete the compilation, review, and validation of information for its Form 10-Q for the period ended June 30, 2025, particularly related to adjustments described in the notice. The company expects to file within the permitted extension period.

What results does CPI Aerostructures (CVU) expect for the quarter ended June 30, 2025?

For the quarter ended June 30, 2025, CPI Aerostructures, Inc. expects to report a net loss of approximately $1.2 to $1.4 million, compared to net income of $1.41 million for the quarter ended June 30, 2024.

What caused CPI Aerostructures’ expected loss in the June 2025 quarter?

The expected loss is primarily due to an unfavorable adjustment to the A-10 Program financials. This adjustment reflects the recent termination of the A-10 Program by The Boeing Company, which the company estimates had an unfavorable impact of about $2.1 to $2.3 million on its results for the three months ended June 30, 2025.

How does CPI Aerostructures’ expected June 2025 performance compare to the prior year?

The company expects to move from net income of $1.41 million for the quarter ended June 30, 2024, to a net loss of approximately $1.2 to $1.4 million for the quarter ended June 30, 2025, largely due to the A-10 Program adjustment.

Will CPI Aerostructures (CVU) file its delayed Form 10-Q within the SEC extension window?

Yes. CPI Aerostructures, Inc. states that it anticipates filing its Quarterly Report on Form 10-Q for the period ended June 30, 2025, with the SEC within the prescribed extension period allowed under Rule 12b-25.

What is the estimated financial impact of the A-10 Program termination on CPI Aerostructures’ quarter?

The company estimates an unfavorable impact of approximately $2.1 to $2.3 million on its results of operations for the three months ended June 30, 2025, related to the A-10 Program adjustment following its termination by The Boeing Company.