CPI Aerostructures Inc. reported its financial results for the first quarter of 2025, revealing a decrease in revenue to $15.4 million from $19.1 million in the same period of 2024. The company's gross profit also fell to $1.6 million compared to $3.6 million a year earlier, resulting in a reduced gross margin of 10.7% from 18.6%. The net results showed a loss of $1.3 million, contrasting with a net income of $0.2 million in the first quarter of 2024. A significant impact on these figures was a pre-tax loss of $2.1 million related to the A-10 Program, attributed to higher manufacturing costs on a 2019-fixed price contract. Excluding this impact, the gross profit margin improved to 21.6% from 18.6%, and income before taxes increased to $0.5 million compared to $0.2 million in the prior year. CPI Aero noted progress in strengthening its balance sheet, reducing total debt to $16.7 million and maintaining a Debt-to-Adjusted EBITDA Ratio of 2.9 for the ninth consecutive quarter. The company ended the quarter with a backlog of $516 million, including new program awards from notable companies like L3Harris, Raytheon, Lockheed, and Embraer. CPI Aero remains optimistic about its long-term outlook, focusing on operational improvements and transitioning to future-oriented programs.