secwatch.observer — SEC 8-K summary
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Issuer:     SYPRIS SOLUTIONS INC (SYPR)
CIK:        0000864240
Form:       8-K
Filed at:   2022-11-16T23:59:59+00:00
Accession:  0001157523-22-001632
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/864240/000115752322001632/0001157523-22-001632-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/864240/000115752322001632/a52969394.htm
  HTML page:      https://secwatch.observer/filing/0001157523-22-001632

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