CPI Aerostructures Inc. (CVU)

[USAMade]

Third Quarter 2019 vs. Third Quarter 2018

Revenue of $25.7 million compared to $19.0 million, an increase of 35%;
Gross profit of $5.0 million compared to $3.9 million, an increase of 28%;
Gross margin was 19.3% compared to 20.4%, a decrease of 110 basis points;
Pre-tax income of $2.0 million compared to $0.7 million, an increase of 186%;
Net income of $1.7 million compared to $0.6 million; an increase of 183%
Earnings per diluted share of $0.14 compared to $0.07, an increase of 100% on a higher number of shares outstanding;
Record total backlog at $533.9 million, up $86.3 million during the quarter;
Cash flow from operations was $(0.6) million compared to 0.5 million.