CPI AEROSTRUCTURES, INC. 8-K Exhibit 99.1 CPI AEROSTRUCTURES REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS Fourth Quarter 2023 vs. Fourth Quarter 2022 ● Revenue of $23.5 million compared to $24.1 million; ● Gross profit of $4.1 million compared to $3.9 million; ● Gross margin of 17.4% compared to 16.1%; ● Net income of $14.8 million compared to net income of $6.8 million; ● Earnings per share of $1.20 ($0.09 excluding the fourth quarter 2023 deferred tax asset valuation allowance reduction of $1.11) com ...