Brief: CPI Aerostructures Plans To File Comprehensive Form 10-K/A That Includes Restated Results For 2020, 2019

CPI Aerostructures

17/11/2021 23:41

Nov 17 (Reuters) - CPI Aerostructures Inc  CVU.A :
    * CPI AEROSTRUCTURES PROVIDES UPDATE TO RESTATEMENT OF
RESULTS
    * CPI AEROSTRUCTURES INC - PLANS TO FILE COMPREHENSIVE FORM
10-K/A
THAT INCLUDES RESTATED RESULTS FOR 2020 AND 2019
    * CPI AEROSTRUCTURES INC - 2020 RESTATED NET INCOME EXPECTED
TO BE
IN LINE WITH PREVIOUSLY DISCLOSED ESTIMATES
    * CPI AEROSTRUCTURES INC - 2020 NET INCOME LOWER THAN
PREVIOUSLY
REPORTED ON FORM 10-K BY $2.3 MILLION
    * CPI AEROSTRUCTURES INC - 2019 NET INCOME EXPECTED TO BE
LOWER
THAN PREVIOUSLY REPORTED ON FORM 10-K BY $2.3 MILLION
    * CPI AEROSTRUCTURES INC - NO EXPECTED IMPACT ON REPORTED
REVENUE
AND CASH FLOWS FOR 2020 OR 2019
    * CPI AEROSTRUCTURES INC - NOT FULLY COMPLETED ITS REVIEW
AND
EXPECTED FINANCIAL IMPACT OF INVENTORY COSTING ERRORS
    * CPI AEROSTRUCTURES INC -  EXPECTS TO RESTATE ITS ANNUAL
FINANCIAL STATEMENTS AS SOON AS PRACTICABLE

Source text for Eikon:  ID:nGNX90bk48 
Further company coverage:  CVU.A 

 ((Reuters.Briefs@thomsonreuters.com;))