---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-22-001632"
form_type: "8-K"
ticker: "SYPR"
cik: "0000864240"
company_name: "SYPRIS SOLUTIONS INC"
filed_at: "2022-11-16T23:59:59+00:00"
generated_at: "2026-06-21T17:52:32.787025+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Sypris Q3 net loss of $2.2M; backlog tops $100M; 2022 revenue view lowered to 15-20% growth

## Summary
- Q3 revenue $25.2M (-2% YoY); net loss $2.2M vs net income $0.3M in Q3 2021.
- Backlog exceeds $100M, up 99% YoY; Sypris Electronics orders rose 75%.
- Gross margins fell: Technologies 6.3% (down from 12.6%), Electronics 11.0% (down from 20.8%).
- 2022 revenue growth guidance lowered to 15-20% from prior; 2023 revenue forecast at +20-25%.
- New awards: Navy program up to $77M, Permian Pipeline closures, UK closure line IP acquisition.

## SEC filing metadata
- accession: 0001157523-22-001632
- form_type: 8-K
- ticker: SYPR
- cik: 0000864240
- company_name: SYPRIS SOLUTIONS INC
- filed_at: 2022-11-16T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/864240/000115752322001632/0001157523-22-001632-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/864240/000115752322001632/a52969394.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-22-001632
- JSON: https://secwatch.observer/filing/0001157523-22-001632.json
- Plain text: https://secwatch.observer/filing/0001157523-22-001632.txt

## Key facts
- Earnings Releases
  SYPRIS SOLUTIONS INC reported nine months ended October 2, 2022 results: revenue $80.4 million, net income net loss of $2.6 million, EPS $0.12 per share.
  - Period: nine months ended October 2, 2022
  - Revenue: $80.4 million
  - Net income: net loss of $2.6 million
  - EPS: $0.12 per share
  - Result: reported results
  source text: For the nine months ended October 2, 2022, the Company reported revenue of $80.4 million compared with $71.6 million for the first nine months of 2021. The Company reported a net loss of $2.6 million, or $0.12 per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/864240/000115752322001632/0001157523-22-001632-index.htm
- Earnings Releases
  SYPRIS SOLUTIONS INC reported third quarter ended October 2, 2022 results: revenue $25.2 million, net income net loss of $2.2 million, EPS $0.10 per share. Guidance lowered.
  - Period: third quarter ended October 2, 2022
  - Revenue: $25.2 million
  - Net income: net loss of $2.2 million
  - EPS: $0.10 per share
  - Guidance: lowered
  - Result: reported results
  source text: The Company reported revenue of $25.2 million for the third quarter of 2022, compared to $25.7 million for the prior-year comparable period. Additionally, the Company reported a net loss of $2.2 million, or $0.10 per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/864240/000115752322001632/0001157523-22-001632-index.htm

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