secwatch.observer — SEC 8-K summary
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Issuer:     SYPRIS SOLUTIONS INC (SYPR)
CIK:        0000864240
Form:       8-K
Filed at:   2022-08-16T23:59:59+00:00
Accession:  0001157523-22-001122
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sypris Q2 revenue up 12% to $29M; net loss $0.03/sh; backlog up 77%
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- Revenue $29.0M (+11.8% YoY); net loss $0.6M ($0.03/sh) vs prior-year net income of $3.8M (incl. $3.6M PPP loan forgiveness gain).
- Sypris Electronics revenue +25.6% to $11.1M; backlog +84.1% YoY; multiple defense contract awards starting production in 2022.
- Sypris Technologies revenue +4.7% to $18.0M; gross margin 11.9% vs 14.6% on mix shift and capacity costs.
- Orders increased 360% YoY and 169% sequentially; total backlog up 77% to highest in over a decade.
- FY2022 outlook: revenue growth 25-30% maintained; gross margin guidance adjusted to +25-50 bps; double-digit cash flow growth expected.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/864240/000115752322001122/0001157523-22-001122-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/864240/000115752322001122/a52814792.htm
  HTML page:      https://secwatch.observer/filing/0001157523-22-001122

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