CPI Aerostructures Inc

ASE:CVU   3:59:40 PM EDT
3.66
-0.19 (-4.93%)
Officer Changes, Accounting Issues/SEC Inquiries, Earnings Announcements

Cpi Aerostructures To Restate Fiscal 2020 Financial Statements

Published: 06/07/2021 12:53 GMT
CPI Aerostructures Inc (CVU) - Cpi Aerostructures to Restate Fiscal 2020 Financial Statements.
Cpi Aerostructures Inc - Announces Hiring of Andrew L. Davis As Chief Financial Officer Designee.
Cpi Aerostructures Inc - Management Identified Errors in Inventory Costing Processes.
Cpi Aerostructures Inc - Error Led to Incorrect Income Reported From Sales of Certain Products.
Cpi Aerostructures - Errors Affect Income Reported With Respect to Product Lines for Which Revenue is Recognized When a Product Ships to Customers.
Cpi Aerostructures Inc - Estimates Fiscal Year 2020 Net Income Will Be Reduced by Between $1.9 Million and $2.3 Million, Spread Over Four Fiscal Quarters.
Revenue is expected to be $24.2 Million
Adjusted EPS is expected to be $0.07

Next Quarter Revenue Guidance is expected to be $23.8 Million
Next Quarter EPS Guidance is expected to be $0.06

More details on our Analysts Page.