CPI AEROSTRUCTURES, INC.
CONDENSED STATEMENTS OF INCOME
Three Months Ended Twelve Months Ended
December 31, December 31,
(Audited) (Audited)
2000 1999 2000 1999
Revenue $6,346,598 $6,468,681 $28,621,681 $21,603,284
Income (loss)
before
provision
(benefit) for
income taxes (104,356) 403,956 1,553,206 1,111,917
Net income 934,644 384,956 1,929,206 808,917
----------- ----------- ------------- -------------
Basic earnings
per share $ 0.35 $ 0.15 $ 0.73 $ 0.31
=========== =========== ============= =============
Diluted
earnings
per share $ 0.33 $ 0.15 $ 0.70 $ 0.30
=========== =========== ============= =============
Shares used
in computing
earnings
per common
share:
Basic 2,648,509 2,648,509 2,648,509 2,648,509
Diluted 2,799,234 2,648,509 2,763,888 2,654,273 |
