---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-21-001386"
form_type: "8-K"
ticker: "SYPR"
cik: "0000864240"
company_name: "SYPRIS SOLUTIONS INC"
filed_at: "2021-11-10T23:59:59+00:00"
generated_at: "2026-06-28T10:21:44.994775+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sypris Q3 revenue up 15.9% to $25.7M; net income $0.3M; 2021 outlook cut to 20-25% growth

## Summary
- Q3 revenue $25.7M (+15.9% YoY); net income $0.3M ($0.01 diluted) vs $3.5M ($0.17) in prior year with $3.2M tax benefit.
- Sypris Electronics gross margin 20.8% (up 460 bps); backlog +24% YoY. Sypris Technologies revenue $16.7M (+38%) but margin fell to 12.6%.
- New contract awards: Army Key Management System circuit cards and fighter jet electronic warfare power supplies; production starts late 2021/Q1 2022.
- 2021 revenue growth guidance lowered to 20-25% from prior due to supply chain; Q4 gross margin expected to expand 400-500 bps YoY.
- 2022 outlook: revenue +25%, gross margin +200 bps, cash flow from operations forecast to materially increase YoY.

## SEC filing metadata
- accession: 0001157523-21-001386
- form_type: 8-K
- ticker: SYPR
- cik: 0000864240
- company_name: SYPRIS SOLUTIONS INC
- filed_at: 2021-11-10T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/864240/000115752321001386/0001157523-21-001386-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/864240/000115752321001386/a52526782.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-21-001386
- JSON: https://secwatch.observer/filing/0001157523-21-001386.json
- Plain text: https://secwatch.observer/filing/0001157523-21-001386.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.