Sypris Solutions Inc (SYPR)

Sypris Reports First Quarter ResultsMay 19, 2026 7:45 AM
Business Wire Orders Jump 28% For Sypris Electronics; Increase 269% Sequentially Sypris Solutions, Inc. (Nasdaq/GM: SYPR) today reported financial results for its first quarter ended April 5, 2026. HIGHLIGHTS --------------------- Orders for Sypris Electronics increased 28% year-over-year and 269% sequentially, driven by bookings supporting various missile programs, a major defense aviation program and subsea fiber-optic data network systems. Orders for our energy products rose 31% year-over-year and 38% sequentially, reflecting positive demand from customers involved with the export of LNG, the transmission of natural gas and the conversion of utilities to cleaner-burning fuels. During the quarter, Sypris Electronics announced that it had been awarded a follow-on contract to produce and test space-grade circuit card assemblies for use in the Orion spacecraft supporting the missions of NASA’s Artemis program, with production expected to continue through 2027. During the quarter, Sypris Technologies announced that it entered into a long-term, sole-source agreement with a global truck OEM to supply certain critical components for use in its proprietary advance automated manual transmission for heavy trucks in North America. Production is expected to begin in 2027. Sypris Technologies also announced a long-term, sole-source contract extension to provide drivetrain components for a leading tier-one manufacturer serving the North American heavy truck and all-terrain vehicle markets. --------------------- “The escalation of the conflict in the Middle East has increased demand for inventory replenishment and technology upgrades, thereby placing a premium on the industry’s ability to scale rapidly and efficiently,” commented Jeffrey T. Gill, President and Chief Executive Officer. “We expect Sypris Electronics, with its advanced production capabilities, deep, experienced technical organization and strong market position, to continue benefiting from this demand. While material availability and a series of short-term issues impacted our performance during the first quarter, we are optimistic these issues will be resolved going forward. “Orders for our energy products increased 31% year-over-year and 38% sequentially, with demand still outstanding on several large projects. Additional growth opportunities may emerge from new global projects aimed at meeting increasing LNG demand, including support for the expected surge in electricity demand from AI-related data centers. We are also actively pursuing applications for our products in adjacent markets including CO2 capture to further diversify our industry and customer portfolios. “At Sypris Technologies, the downturn we experienced during the second half of 2025 and into the first quarter of 2026 from customers in some of our transportation-related markets appears to be nearing an end, and we expect the inventory replenishment cycle to accelerate as we move through 2026 with demand expected to increase sequentially.” First Quarter Results The Company reported revenue of $25.8 million for the first quarter of 2026 compared to $29.5 million for the prior-year comparable period. Additionally, the Company reported a net loss of $4.1 million, or $0.18 per share, compared with $0.9 million, or $0.04 per share, for the prior-year period. Results for the first quarter of 2026 included $2.4 million in increased expenses for healthcare, unabsorbed overhead, foreign exchange variances, charges for scrap and rework and accruals for excess and obsolete inventory as compared to the prior-year period. Sypris Technologies Revenue for Sypris Technologies was $12.4 million in the first quarter of 2026 compared to $13.6 million for the prior-year comparable period. This decline reflects the downturn in the commercial vehicle market and the impact of customers adjusting inventory to align with OEM build schedules. This was partially offset by strong energy product sales compared with the prior-year period. Gross profit for the first quarter of 2026 was $1.4 million compared to $2.1 million for the same period in 2025. Gross profit for the first quarter of 2026 was pressured by lower volumes and unfavorable foreign exchange rates compared with the prior-year period. Sypris Electronics Revenue for Sypris Electronics was $13.4 million in the first quarter of 2026 compared to $15.9 million for the prior-year period as a result of material availability issues in addition to customer design changes on certain new programs, which pushed out delivery dates. Gross profit for the first quarter of 2026 was a loss of $0.6 million compared with a profit of $1.3 million for the same period in 2025. Some of the material availability issues have delayed certain customer deliveries, limited our ability to ramp up production in response to customer demand for certain products, and caused out-of-sequence manufacturing, which increases costs and decreases operational efficiency. Outlook Commenting on the future, Mr. Gill added, “We expect the challenging operating environment to improve as we move through 2026. With a strong backlog and new program wins, we are confident that our future has the potential to be very positive. We are closely monitoring customer demand and forward-looking signals, and we believe our long-standing track record of resilience will allow us to successfully navigate any headwinds.” About Sypris Solutions Sypris Solutions provides products and engineering, design, and manufacturing services for a variety of critical infrastructure sectors, including energy, space, communications, defense, transport, chemical, and water. Sypris serves its customers globally through its operations located in North America. For more information about the Company, please visit its website at www.sypris.com. Forward Looking Statements This press release contains “forward-looking” statements within the meaning of the federal securities laws. Forward-looking statements include our plans and expectations of future financial and operational performance. Each forward-looking statement herein is subject to risks and uncertainties, as detailed in our most recent Form 10-K and Form 10-Q and other SEC filings. Briefly, we currently believe that such risks also include the following: the fees, costs and supply of, or access to, debt, equity capital, or other sources of liquidity; the termination or non-renewal of existing contracts by customers; our failure to achieve and maintain profitability on a timely basis by steadily increasing our revenues from profitable contracts with a diversified group of customers, which would cause us to continue to use existing cash resources or require us to sell assets to fund operating losses; volatility of our customers’ forecasts and our contractual obligations to meet current scheduling demands and production levels, which may negatively impact our operational capacity and our effectiveness to integrate new customers or suppliers, and in turn cause increases in our inventory and working capital levels; cost, quality and availability or lead times of raw materials such as steel, component parts (especially electronic components), natural gas or utilities including increased cost relating to inflation, as well as the impact of proposed or imposed tariffs by the U.S. government on imports to the U.S. and/or the imposition of retaliatory tariffs by foreign countries; our reliance on a few key customers, third party vendors and sub-suppliers; significant delays or reductions due to a prolonged continuing resolution or U.S. government shutdown reducing the spending on products and services that Sypris Electronics provides; risks of foreign operations, including foreign currency exchange rate risk exposure, which could impact our operating results; the cost, quality, timeliness, efficiency and yield of our operations and capital investments, including the impact of inflation, tariffs, product recalls or related liabilities, employee training, working capital, production schedules, cycle times, scrap rates, injuries, wages, overtime costs, freight or expediting costs; inventory valuation risks including excessive or obsolescent valuations or price erosions of raw materials or component parts on hand or other potential impairments, non-recoverability or write-offs of assets or deferred costs; our failure to successfully complete final contract negotiations with regard to our announced contract “orders”, “wins” or “awards”; our ability to maintain compliance with the Nasdaq listing standards, including without limitation minimum closing bid price and stockholders’ equity; our failure to successfully win new business or develop new or improved products or new markets for our products; war, geopolitical conflict, terrorism, or political uncertainty, or disruptions resulting from military hostilities between Russia and Ukraine, Israel and Hamas, and the U.S., Israel and Iran, or other tensions in the Middle East, including arising out of international sanctions, foreign currency fluctuations and other economic impacts; adverse impacts of new technologies or other competitive pressures which increase our costs or erode our margins; the costs and supply of insurance on acceptable terms and with adequate coverage; unanticipated or uninsured product liability claims, disasters, public health crises, losses or business risks; breakdowns, relocations or major repairs of machinery and equipment, especially in our Toluca Plant; the costs of compliance with our auditing, regulatory or contractual obligations; pension valuation, health care or other benefit costs; dependence on, retention or recruitment of key employees and highly skilled personnel and distribution of our human capital; our reliance on revenues from customers in the oil and gas and automotive markets, with increasing consumer pressure for reductions in environmental impacts attributed to greenhouse gas emissions and increased vehicle fuel economy; labor relations; strikes; union negotiations; disputes or litigation involving governmental, supplier, customer, employee, creditor, stockholder, premises liability, personal injury, product liability, warranty or environmental claims; failure to adequately insure or to identify product liability, environmental or other insurable risks; costs associated with environmental or other claims relating to properties previously owned; our inability to patent or otherwise protect our inventions or other intellectual property rights from potential competitors or fully exploit such rights which could materially affect our ability to compete in our chosen markets; changes in licenses, security clearances, or other legal rights to operate, manage our work force or import and export as needed; cybersecurity threats and disruptions, including ransomware attacks on our systems and the systems of third-party vendors and other parties with which we conduct business, all of which may become more pronounced in the event of geopolitical conflicts and other uncertainties, such as the conflict in Ukraine; risks related to owning our common stock, including increased volatility; possible public policy response to a public health emergency, including U.S. or foreign government legislation or restrictions that may impact our operations or supply chain; or unknown risks and uncertainties. We undertake no obligation to update our forward-looking statements, except as may be required by law. SYPRIS SOLUTIONS, INC. Financial Highlights (In thousands, except per share amounts)   Three Months Ended April 5,   March 30, 2026   2025 (Unaudited) Revenue $ 25,811   $ 29,508   Net loss $ (4,126 ) $ (899 ) Loss per common share: Basic $ (0.18 ) $ (0.04 ) Diluted $ (0.18 ) $ (0.04 ) Weighted average shares outstanding: Basic   22,329     22,140   Diluted   22,329     22,140   Sypris Solutions, Inc. Consolidated Statements of Operations (in thousands, except for per share data)   Three Months Ended April 5,   March 30, 2026   2025 (Unaudited) Net revenue: Sypris Technologies $ 12,412   $ 13,573   Sypris Electronics   13,399     15,935   Total net revenue   25,811     29,508   Cost of sales: Sypris Technologies   10,993     11,466   Sypris Electronics   13,997     14,676   Total cost of sales   24,990     26,142   Gross profit (loss): Sypris Technologies   1,419     2,107   Sypris Electronics   (598 )   1,259   Total gross profit   821     3,366   Selling, general and administrative   4,423     3,496   Operating loss   (3,602 )   (130 ) Interest expense, net   530     302   Other expense, net   140     165   Loss before taxes   (4,272 )   (597 ) Income tax (benefit) expense, net   (146 )   302   Net loss $ (4,126 ) $ (899 ) Loss per common share: Basic $ (0.18 ) $ (0.04 ) Diluted $ (0.18 ) $ (0.04 ) Dividends declared per common share $ -   $ -   Weighted average shares outstanding: Basic   22,329     22,140   Diluted   22,329     22,140   Sypris Solutions, Inc. Consolidated Balance Sheets (in thousands, except for share data)           April 5,   December 31,   2026   2025 (Unaudited) (Note) ASSETS Current assets: Cash and cash equivalents $ 4,847   $ 6,770   Accounts receivable, net   9,519     9,846   Inventory, net   52,522     52,463   Other current assets   10,926     10,808   Total current assets   77,814     79,887   Property, plant and equipment, net   15,566     16,004   Operating lease right-of-use assets   7,127     7,333   Other assets   4,734     4,587   Total assets $ 105,241   $ 107,811   LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 9,932   $ 10,270   Accrued liabilities   49,938     49,428   Operating lease liabilities, current portion   1,281     1,019   Finance lease obligations, current portion   606     622   Equipment financing obligations, current portion   513     526   Working capital line of credit   500     500   Loan payable, current portion   195     -   Note payable - related party, current portion   2,000     -   Total current liabilities   64,965     62,365     Operating lease liabilities, net of current portion   6,420     6,673   Finance lease obligations, net of current portion   3,926     4,021   Equipment financing obligations, net of current portion   782     846   Loan payable, net of current portion   889     -   Note payable - related party   9,992     11,993   Other liabilities   4,427     4,123   Total liabilities   91,401     90,021   Stockholders’ equity: Preferred stock, par value $0.01 per share, 975,150 shares authorized; no shares issued -     - Series A preferred stock, par value $0.01 per share, 24,850 shares authorized; no shares issued -     - Common stock, non-voting, par value $0.01 per share, 10,000,000 shares authorized; no shares issued -     - Common stock, par value $0.01 per share, 30,000,000 shares authorized; 23,013,013 shares issued and 22,991,500 outstanding in 2026 and 23,051,483 shares issued and 23,029,970 outstanding in 2025 230   230 Additional paid-in capital   158,203     157,996   Accumulated deficit   (129,076 )   (124,950 ) Accumulated other comprehensive loss   (15,517 )   (15,486 ) Treasury stock, 21,513 in 2026 and 2025   -     -   Total stockholders’ equity   13,840     17,790   Total liabilities and stockholders’ equity $ 105,241   $ 107,811     Note: The balance sheet at December 31, 2025, has been derived from the audited consolidated financial statements at that date but does not include all information and footnotes required by accounting principles generally accepted in the United States for a complete set of financial statements. Sypris Solutions, Inc. Consolidated Cash Flow Statements (in thousands)   Three Months Ended April 5,   March 30, 2026   2025 (Unaudited) Cash flows from operating activities: Net loss $ (4,126 ) $ (899 ) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization   760     699   Deferred income taxes   -     129   Stock-based compensation expense   320     301   Deferred loan costs amortized   1     1   Provision for excess and obsolete inventory   276     64   Non-cash lease expense   207     251   Other noncash items   20     59   Contributions to pension plans   (69 )   (80 ) Changes in operating assets and liabilities: Accounts receivable   327     (1,317 ) Inventory   (350 )   4,074   Other assets, current and non-current   (280 )   2,156   Accounts payable   (315 )   (2,372 ) Accrued and other liabilities   890     (8,600 ) Net cash used in operating activities   (2,339 )   (5,534 ) Cash flows from investing activities: Capital expenditures   (231 )   (3 ) Net cash used in investing activities   (231 )   (3 ) Cash flows from financing activities: Proceeds from loan payable   1,159     -   Proceeds from note payable - related party   -     3,000   Principal payments on loan payable   (76 )   -   Principal payments on finance lease obligations   (150 )   (365 ) Principal payments on equipment financing obligations   (133 )   (138 ) Indirect repurchase of shares for minimum statutory tax withholdings   (113 )   -   Net cash provided by financing activities   687     2,497   Effect of exchange rate changes on cash balances   (40 )   (11 ) Net decrease in cash and cash equivalents   (1,923 )   (3,051 ) Cash and cash equivalents at beginning of period   6,770     9,675   Cash and cash equivalents at end of period $ 4,847   $ 6,624     View source version on businesswire.com: https://www.businesswire.com/news/home/20260519770668/en/ Rebecca R. Eckert
Chief Accounting Officer
(502) 329-2000 Original: Sypris Reports First Quarter Results

Going $6$7$8 by ER…

Sypris Reports Fourth Quarter ResultsMarch 26, 2026 7:45 AM
Business Wire
Orders Rise 58% YTD For Sypris Electronics


Electronic Warfare, Missile Avionics, And Secure Communications


Sypris Solutions, Inc. (Nasdaq/GM: SYPR) today reported financial results for its fourth quarter and full-year ended December 31, 2025.


HIGHLIGHTS



 



The 27.6% increase in fourth quarter revenue for Sypris Electronics was not sufficient to offset the near-term impact of tariffs and regulatory uncertainty on demand from certain transportation-related customers of Sypris Technologies, resulting in a slight decrease in consolidated revenue for the Company on a year over year basis.



Year-to-date orders for Sypris Electronics increased 58% as compared to the prior year driven by bookings for several missile programs, upgrades to a U.S. Navy electronic warfare improvement program, continued demand from a U.S. Army Cryptographic Key Management program, and robust sales to a subsea fiber optic cable systems provider.



Subsequent to quarter-end, Sypris Electronics announced that it had secured a follow-on contract award to manufacture and test circuit card assemblies for use in the Orion spacecraft supporting the missions of NASA’s Artemis program, with production currently underway and expected to continue through 2027.



Following quarter-end, Sypris Technologies announced that it entered into a long-term sole-source agreement with a global truck OEM to supply certain critical components for the use in the company’s proprietary advance automated manual transmission for heavy trucks in North America. Production is expected to begin in 2027.



After quarter-end, Sypris Technologies announced a long-term, sole-source contract extension to provide drivetrain components for a leading global manufacturer serving the North American heavy truck and all-terrain vehicle markets.




 


“The past few months have been demanding as we navigate the impact of tariffs, regulatory uncertainty and the availability of electronic components,” commented Jeffrey T. Gill, President and Chief Executive Officer. “While the economic headwinds and disruptions in the quarter had an impact on our results, we continue to focus on operational excellence to drive the timely and efficient execution of the rapidly growing demand at Sypris Electronics. Customer funding has already been secured for a significant portion of the key programs, which enables us to procure inventory in advance to mitigate future supply chain issues.


“We expect Sypris Electronics to benefit from the increasingly robust markets in electronic warfare, missile and aircraft avionics, and secure communications. The recent escalation of the conflict in the Middle East may be expected to increase demand for inventory replenishment and technology upgrade for years to come.


“At Sypris Technologies, we experienced a meaningful decrease in demand during the second half of 2025 from customers in some of our transportation-related markets. The combination of tariff concerns and regulatory uncertainty has driven a material reduction of inventory in the supply chain. We believe that this drawdown is nearing an end, however, and expect the replenishment cycle to accelerate as we move through 2026.


“Orders for our energy products increased 18% over the prior-year comparable period, with open quotes still outstanding on several large projects. Additional growth opportunities may exist with new global projects to meet increasing LNG demand, including support for the expected surge in electricity demand from AI-related data centers. We are also actively pursuing applications for our products in adjacent markets including CO2 capture to further diversify our industry and customer portfolios.”


Fourth Quarter and Full Year Results


The Company reported revenue of $30.3 million for the fourth quarter of 2025 compared to $33.4 million for the prior-year comparable period. Additionally, the Company reported a net loss of $3.9 million, or $0.17 per share, compared with net income of $0.1 million, or $0.01 per diluted share, for the prior-year period.


For the full-year 2025, the Company reported revenue of $119.9 million compared to $140.2 million for the prior year. The Company reported a net loss of $6.3 million, or $0.28 per share, for 2025 compared with a net loss of $1.7 million, or $0.08 per share for the prior year.


Sypris Technologies


Revenue for Sypris Technologies was $12.5 million in the fourth quarter of 2025 compared to $19.5 million for the prior-year period. This decline reflects the downturn in the commercial vehicle market, the impact of customers adjusting inventory to align with OEM build schedules, and volume reductions related to tariff uncertainty. Gross profit for the fourth quarter of 2025 was $1.3 million, or 10.2% of revenue, compared to $4.4 million, or 22.5% of revenue, for the same period in 2024. Gross profit for the fourth quarter of 2025 was pressured by lower volumes, an unfavorable mix and foreign exchange rates compared with the prior-year period.


Sypris Electronics


Revenue for Sypris Electronics increased 27.6% to $17.7 million in the fourth quarter of 2025 compared to $13.9 million for the prior-year period as a result of the ramp up of certain programs during the period. Gross profit for the fourth quarter of 2025 reflected the impact of $1.0 million of charges for excess and obsolete inventory taken due to changes in estimated future demand on various programs. Results for the quarter also include additional start-up costs on a development-stage program, as well as continued shipment delays and operational inefficiencies due to material availability issues. We expect these issues to mitigate as we move forward and result in improved profitability as we progress through 2026.


Outlook


Commenting on the future, Mr. Gill added, “We expect the challenging operating environment to improve as we move through 2026. With a strong backlog and new program wins, we are confident that our future has the potential to be very positive. We are closely monitoring customer demand and forward-looking signals, and we believe our long-standing track record of resilience will allow us to successfully navigate any headwinds.”


About Sypris Solutions


Sypris Solutions is a diversified manufacturing and engineering services company serving the defense, transportation, communications, and energy industries. For more information about Sypris Solutions, visit its Web site at www.sypris.com.


Forward Looking Statements


This press release contains “forward-looking” statements within the meaning of the federal securities laws. Forward-looking statements include our plans and expectations of future financial and operational performance. Each forward-looking statement herein is subject to risks and uncertainties, as detailed in our most recent Form 10-K and Form 10-Q and other SEC filings. Briefly, we currently believe that such risks also include the following: the fees, costs and supply of, or access to, debt, equity capital, or other sources of liquidity; the termination or non-renewal of existing contracts by customers; our failure to achieve and maintain profitability on a timely basis by steadily increasing our revenues from profitable contracts with a diversified group of customers, which would cause us to continue to use existing cash resources or require us to sell assets to fund operating losses; volatility of our customers’ forecasts and our contractual obligations to meet current scheduling demands and production levels, which may negatively impact our operational capacity and our effectiveness to integrate new customers or suppliers, and in turn cause increases in our inventory and working capital levels; cost, quality and availability or lead times of raw materials such as steel, component parts (especially electronic components), natural gas or utilities including increased cost relating to inflation, as well as the impact of proposed or imposed tariffs by the U.S. government on imports to the U.S. and/or the imposition of retaliatory tariffs by foreign countries; our reliance on a few key customers, third party vendors and sub-suppliers; significant delays or reductions due to a prolonged continuing resolution or U.S. government shutdown reducing the spending on products and services that Sypris Electronics provides; risks of foreign operations, including foreign currency exchange rate risk exposure, which could impact our operating results; the cost, quality, timeliness, efficiency and yield of our operations and capital investments, including the impact of inflation, tariffs, product recalls or related liabilities, employee training, working capital, production schedules, cycle times, scrap rates, injuries, wages, overtime costs, freight or expediting costs; inventory valuation risks including excessive or obsolescent valuations or price erosions of raw materials or component parts on hand or other potential impairments, non-recoverability or write-offs of assets or deferred costs; our failure to successfully complete final contract negotiations with regard to our announced contract “orders”, “wins” or “awards”; our failure to successfully win new business or develop new or improved products or new markets for our products; war, geopolitical conflict, terrorism, or political uncertainty, or disruptions resulting from military hostilities between Russia and Ukraine, Israel and Hamas, and the U.S., Israel and Iran, or other tensions in the Middle East, including arising out of international sanctions, foreign currency fluctuations and other economic impacts; adverse impacts of new technologies or other competitive pressures which increase our costs or erode our margins; the costs and supply of insurance on acceptable terms and with adequate coverage; unanticipated or uninsured product liability claims, disasters, public health crises, losses or business risks; breakdowns, relocations or major repairs of machinery and equipment, especially in our Toluca Plant; the costs of compliance with our auditing, regulatory or contractual obligations; pension valuation, health care or other benefit costs; dependence on, retention or recruitment of key employees and highly skilled personnel and distribution of our human capital; our reliance on revenues from customers in the oil and gas and automotive markets, with increasing consumer pressure for reductions in environmental impacts attributed to greenhouse gas emissions and increased vehicle fuel economy; labor relations; strikes; union negotiations; disputes or litigation involving governmental, supplier, customer, employee, creditor, stockholder, premises liability, personal injury, product liability, warranty or environmental claims; failure to adequately insure or to identify product liability, environmental or other insurable risks; costs associated with environmental or other claims relating to properties previously owned; our inability to patent or otherwise protect our inventions or other intellectual property rights from potential competitors or fully exploit such rights which could materially affect our ability to compete in our chosen markets; changes in licenses, security clearances, or other legal rights to operate, manage our work force or import and export as needed; cybersecurity threats and disruptions, including ransomware attacks on our systems and the systems of third-party vendors and other parties with which we conduct business, all of which may become more pronounced in the event of geopolitical conflicts and other uncertainties, such as the conflict in Ukraine; our ability to maintain compliance with the Nasdaq listing standards minimum closing bid price; risks related to owning our common stock, including increased volatility; possible public policy response to a public health emergency, including U.S. or foreign government legislation or restrictions that may impact our operations or supply chain; or unknown risks and uncertainties. We undertake no obligation to update our forward-looking statements, except as may be required by law.



SYPRIS SOLUTIONS, INC.


Financial Highlights


(In thousands, except per share amounts)






 




Three Months Ended




December 31,





2025







2024









(Unaudited)


Revenue


$






30,281






 







$






33,449






 







Net (loss) income


$






(3,905






)







$






135






 







(Loss) income per common share:






Basic


$






(0.17






)







$






0.01






 







Diluted


$






(0.17






)







$






0.01






 







Weighted average shares outstanding:






Basic


 






22,325






 







 






22,137






 







Diluted


 






22,325






 







 






22,390






 











 




 




 




 




Year Ended




December 31,





2025







2024









(Unaudited)


Revenue


$






119,887






 







$






140,180






 







Net loss


$






(6,338






)







$






(1,680






)







Loss per common share:






Basic


$






(0.28






)







$






(0.08






)







Diluted


$






(0.28






)







$






(0.08






)







Weighted average shares outstanding:






Basic


 






22,270






 







 






22,043






 







Diluted


 






22,270






 







 






22,043






 








Sypris Solutions, Inc.


Consolidated Statements of Operations


(in thousands, except for per share data)










 




Three Months Ended

Year Ended




December 31,

December 31,





2025







2024







2025







2024









(Unaudited)

(Unaudited)


Net revenue:










Sypris Technologies


$






12,542






 







$






19,547







$






51,746






 







$






75,207






 







Sypris Electronics


 






17,739






 







 






13,902







 






68,141






 







 






64,973






 







Total net revenue


 






30,281






 







 






33,449







 






119,887






 







 






140,180






 







Cost of sales:










Sypris Technologies


 






11,259






 







 






15,154







 






45,343






 







 






62,383






 







Sypris Electronics


 






17,625






 







 






12,909







 






65,146






 







 






57,907






 







Total cost of sales


 






28,884






 







 






28,063







 






110,489






 







 






120,290






 







Gross profit:










Sypris Technologies


 






1,283






 







 






4,393







 






6,403






 







 






12,824






 







Sypris Electronics


 






114






 







 






993







 






2,995






 







 






7,066






 







Total gross profit


 






1,397






 







 






5,386







 






9,398






 







 






19,890






 







Selling, general and administrative


 






4,694






 







 






4,087







 






16,004






 







 






16,963






 







Operating (loss) income


 






(3,297






)







 






1,299







 






(6,606






)







 






2,927






 







Interest expense, net


 






563






 







 






216







 






1,631






 







 






1,684






 







Other expense (income), net


 






125






 







 






436







 






(1,960






)







 






1,217






 







(Loss) income before taxes


 






(3,985






)







 






647







 






(6,277






)







 






26






 







Income tax (benefit) expense, net


 






(80






)







 






512







 






61






 







 






1,706






 







Net (loss) income


$






(3,905






)







$






135







$






(6,338






)







$






(1,680






)







(Loss) income per common share:










Basic


$






(0.17






)







$






0.01







$






(0.28






)







$






(0.08






)







Diluted


$






(0.17






)







$






0.01







$






(0.28






)







$






(0.08






)







Dividends declared per common share


$






-






 







$






-







$






-






 







$






-






 







Weighted average shares outstanding:










Basic


 






22,325






 







 






22,137







 






22,270






 







 






22,043






 







Diluted


 






22,325






 







 






22,390







 






22,270






 







 






22,043






 








Sypris Solutions, Inc.


Consolidated Balance Sheets


(in thousands, except for share data)






 




December 31,





2025







2024









(Unaudited)

(Note)


ASSETS


Current assets:






Cash and cash equivalents


$






6,770






 







$






9,675






 







Accounts receivable, net


 






9,846






 







 






10,593






 







Inventory, net


 






52,463






 







 






66,680






 







Other current assets


 






10,808






 







 






11,070






 







Total current assets


 






79,887






 







 






98,018






 







Property, plant and equipment, net


 






16,004






 







 






13,299






 







Operating lease right-of-use assets


 






7,333






 







 






3,749






 







Other assets


 






4,587






 







 






4,310






 







Total assets


$






107,811






 







$






119,376






 










LIABILITIES AND STOCKHOLDERS' EQUITY


Current liabilities:






Accounts payable


$






10,270






 







$






18,428






 







Accrued liabilities


 






49,428






 







 






57,639






 







Operating lease liabilities, current portion


 






1,019






 







 






906






 







Finance lease obligations, current portion


 






622






 







 






1,507






 







Equipment financing obligations, current portion


 






526






 







 






481






 







Working capital line of credit


 






500






 







 






500






 







Total current liabilities


 






62,365






 







 






79,461






 











 


Operating lease liabilities, net of current portion


 






6,673






 







 






3,251






 







Finance lease obligations, net of current portion


 






4,021






 







 






735






 







Equipment financing obligations, net of current portion


 






846






 







 






852






 







Note payable - related party, net of current portion


 






11,993






 







 






8,986






 







Other liabilities


 






4,123






 







 






6,510






 







Total liabilities


 






90,021






 







 






99,795






 











 


Stockholders’ equity:






Preferred stock, par value $0.01 per share, 975,150 shares authorized; no shares issued


 






-






 







 






-






 







Series A preferred stock, par value $0.01 per share, 24,850 shares authorized; no shares issued


 






-






 







 






-






 







Common stock, non-voting, par value $0.01 per share, 10,000,000 shares authorized; no shares issued


 






-






 







 






-






 







Common stock, par value $0.01 per share, 30,000,000 shares authorized; 23,051,483 shares issued and 23,029,970 outstanding in 2025 and 23,041,523 shares issued and 23,020,010 outstanding in 2024


 






230






 







 






230






 







Additional paid-in capital


 






157,996






 







 






156,980






 







Accumulated deficit


 






(124,950






)







 






(118,612






)







Accumulated other comprehensive loss


 






(15,486






)







 






(19,017






)







Treasury stock, 21,513 in 2025 and 2024


 






-






 







 






-






 







Total stockholders’ equity


 






17,790






 







 






19,581






 







Total liabilities and stockholders’ equity


$






107,811






 







$






119,376






 











 


Note: The balance sheet at December 31, 2024, has been derived from the audited consolidated financial statements at that date but does not include all information and footnotes required by accounting principles generally accepted in the United States for a complete set of financial statements.



Sypris Solutions, Inc.


Consolidated Cash Flow Statements


(in thousands)




 




Year Ended




December 31,





2025







2024









(Unaudited)


Cash flows from operating activities:






Net loss


$






(6,338






)







$






(1,680






)







Adjustments to reconcile net loss to net cash (used in) provided by operating activities:






Depreciation and amortization


 






2,844






 







 






3,181






 







Deferred income taxes


 






105






 







 






232






 







Stock-based compensation expense


 






1,118






 







 






868






 







Deferred loan costs amortized


 






7






 







 






8






 







Net gain on the sale of assets


 






(2,370






)







 






-






 







Provision for excess and obsolete inventory


 






1,322






 







 






593






 







Non-cash lease expense


 






1,105






 







 






1,160






 







Other noncash items


 






451






 







 






414






 







Contributions to pension plans


 






(335






)







 






(712






)







Changes in operating assets and liabilities:






Accounts receivable


 






692






 







 






(1,826






)







Inventory


 






13,265






 







 






9,129






 







Prepaid expenses and other assets


 






626






 







 






(1,934






)







Accounts payable


 






(8,239






)







 






(8,163






)







Accrued and other liabilities


 






(9,984






)







 






734






 







Net cash (used in) provided by operating activities


 






(5,731






)







 






2,004






 











 


Cash flows from investing activities:






Capital expenditures


 






(756






)







 






(1,083






)







Proceeds from sale leaseback transaction


 






2,924






 







 






24






 







Net cash provided by (used in) investing activities


 






2,168






 







 






(1,059






)











 


Cash flows from financing activities:






Proceeds from equipment financing obligations


 






-






 







 






430






 







Proceeds from Note Payable - related party


 






3,000






 







 






2,500






 







Principal payments on finance lease obligations


 






(1,556






)







 






(1,366






)







Principal payments on equipment financing obligations


 






(505






)







 






(618






)







Indirect repurchase of shares for minimum statutory tax withholdings


 






(102






)







 






(126






)







Net cash provided by financing activities


 






837






 







 






820






 















 


Effect of exchange rate changes on cash balances


 






(179






)







 






29






 















 


Net (decrease) increase in cash and cash equivalents


 






(2,905






)







 






1,794






 















 


Cash and cash equivalents at beginning of period


 






9,675






 







 






7,881






 















 


Cash and cash equivalents at end of period


$






6,770






 







$






9,675






 







 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260326265956/en/
For more information, contact:

Rebecca R. Eckert

Chief Accounting Officer

(502) 329-2000


Original: Sypris Reports Fourth Quarter Results

SYPR................................https://stockcharts.com/sc3/ui/?s=SYPR&p=w&b=5&g=0&id=p86431144783

Here is your dip

SYPR..........................................https://stockcharts.com/sc3/ui/?s=SYPR&p=w&b=5&g=0&id=p86431144783

Legs*

This has leges way undervalued. 

Revenue continues dropping (whether you exclude inflation and even faster drop when you include inflation).
The Company reported revenue of $33.4 million for the fourth quarter ended December 31, 2024, compared to $34.7 million for the prior-year comparable period.
Shareholder equity also dropped. This one is shrinking and still hasn't found out how to make a meaningful profit. Fundamentals say SYPR may stabilize around PPS of $0.50 per share. Teetering on delisting already and certainly delisted before it gets to $0.50 per share.

SYPR....................................https://stockcharts.com/h-sc/ui?s=SYBR&p=W&b=5&g=0&id=p86431144783

yeah i would be happy with that....never caught it from lift off...not chasing now lol i would love to catch one right from ground zero - best wishes and big thanks for all you do for the peeps posters here on IHUB - you are a giver not a taker...classy glenn1919 very classy and big hearted!!
Peace

sypr.......................nicemove

an older buddy just DM'd me rda r, and I just replied now, saying I would only trade OTC again if it got really good, right now its still very dormant

Happy Holidays and Merry CHRISTmas to you and your family

FINALCD, A GOOD DAY SO FAR FOR YOU. HAPPY FOR YOU. RDAR MIGHT TAKE A WHILE BUT WE ARE IN A CRAZY MARKET. ANYTHING CAN HAPPEN. WE MIGHT HAVE A BIG OTC EXPLOSION BEFORE 2024 IS GONE. I AM LOOKING FORWARD TO THAT.
GREETINGS

NICE, thanks for the alert

Great buy. The party is getting started….

Sure me too

SYPR: I DID get your Private Msg. about this one, but I don't have iHub's PM svc. right now.

Took a starter here!

SYPR new 52 week low

SYPR new 52 week low

Sypris Solutions | SYPR

* * $SYPR Video Chart 04-23-2021 * *

Link to Video - click here to watch the technical chart video

;)

60% green now.

seriously. someone trying to pick up cheap shares and finally took off.

finally after languishing for 2.5 hours lol

Wohoo

Why isn’t this flying off the shelves? Must be that the terms of the contract are not disclosed... if they come out and are big..we should see it fly

SYPR, great news and very positive market response today!

PennyFans

SYPR 9.88M fl news. Anything under $4 is golden.

https://finance.yahoo.com/news/sypris-wins-contract-deep-space-210000838.html

Small float love to see $10.00 TODAY ON HUGE VOLUME.
SYPR

Sypris Wins Contract for Deep Space Program
April 22 2021 - 05:00PM
Business Wire
Electronic Assemblies for Power Management and Other Systems

Sypris Electronics, LLC, a subsidiary of Sypris Solutions, Inc. (Nasdaq/GM: SYPR), announced today that it has recently received a follow-on award from a US DoD prime contractor to manufacture and test electronic assemblies for a Government spacecraft program. Production is expected to begin in 2021. Terms of the agreement were not disclosed.

The spacecraft is designed to serve as the exploration vehicle that will carry the crew to space, provide emergency abort capability, sustain missions and provide safe re-entry from deep space return velocities. The spacecraft will utilize advances in propulsion, communications, life support, structural design, navigation and power according to news releases. With destinations including near-Earth asteroids, the Moon, the moons of Mars and eventually Mars itself, the spacecraft is expected to carry astronauts into a new era of exploration.

“Sypris has been manufacturing space electronic hardware for many years for top-tier instrumentation, satellite and spacecraft providers,” said Jim Long, Vice President & General Manager of Sypris Electronics. “The opportunity to continue and expand our participation on this program is a privilege for Sypris Electronics. Our customer is a leader in the space industry and we look forward to working closely with them to ensure that this mission-critical program is a success.”

Sypris Electronics is a trusted provider of electronic solutions, addressing customers’ needs for building complex, mission-critical electronic and electro-mechanical devices and integrated systems. Backed by 50 years of experience, Sypris’ engineering and manufacturing services span our customers’ product life cycle all within a culture of continuous improvement and Six Sigma/Lean thinking. Partners from multiple agencies and tier one companies in Military (DoD), Space, Medical, Undersea, and Industrial markets team with Sypris to deliver high-reliability electronics built with strict adherence to regulated requirements. For more information, please visit www.sypriselectronics.com.

Loving SYPR pre market.

$SYPR DD #SpaceX #departmentofdefence Elon Musk??? But this Space Deal Contract is Huge. https://t.co/cj9HZCP8E9

No idea bud

Any one know when this will come out with more news on the defense contract, when it will go back up in price, and/or what the price target would be?

This thing will fly man...

If we get news with numbers tomorrow...

Fuck!!!

I totally agree we found a gem. Love having this one early. Remember PLTR. Govt contracts made it fly and it has over a billion shares.

So many retailers don't know about this stock!!!

In early

* * $SYPR Video Chart 02-24-2021 * *

Link to Video - click here to watch the technical chart video

That means clarification news coming soon

imho

$SYPR

Terms of the agreement were not disclosed.
'Nuff said...

When is the SEC going to stop this crap.

The OS is 21 million shares
And the first 45 minutes of trading...the trading volume is at 102 million

$10 today, just wait about 2 hours from now.

GLTY

I took most at $$7.00 we will see. I think I am right about $10.00 soon.

I got out $6.70 already a great day... Will be watching for dips...

I agree $20+

Beautiful premarket let's see what this low 10 million share SYPR float ca do during the day. $10.00 should be doable.

Huge !!!