---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-000852"
form_type: "8-K"
ticker: "SYPR"
cik: "0000864240"
company_name: "SYPRIS SOLUTIONS INC"
filed_at: "2023-05-16T23:59:59+00:00"
generated_at: "2026-06-15T00:20:43.321615+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Sypris Q1 revenue up 23% to $32.3M; net loss $0.2M vs profit year ago

## Summary
- Orders rose 74% YoY; backlog hit $131.6M, up 121% from prior year.
- Sypris Electronics revenue +42% to $12.8M; backlog up 125% to $131.6M.
- Sypris Technologies revenue +13.7% to $19.5M; gross margin fell to 13.5% from 18.3% on FX and mix.
- Full-year outlook: revenue growth 25-30%; gross margin expansion of 150-200 bps despite FX headwinds.
- New awards: DoD missile module, U.S. Navy power supply, Detroit Diesel driveline, and UTV drivetrain components.

## SEC filing metadata
- accession: 0001157523-23-000852
- form_type: 8-K
- ticker: SYPR
- cik: 0000864240
- company_name: SYPRIS SOLUTIONS INC
- filed_at: 2023-05-16T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/864240/000115752323000852/0001157523-23-000852-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/864240/000115752323000852/a53400770.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-000852
- JSON: https://secwatch.observer/filing/0001157523-23-000852.json
- Plain text: https://secwatch.observer/filing/0001157523-23-000852.txt

## Key facts
- Earnings Releases
  SYPRIS SOLUTIONS INC reported first quarter ended April 2, 2023 results: revenue $32.3 million, net income net loss of $0.2 million, or $0.01 per share, EPS $0.01 per diluted share. Guidance reaffirmed.
  - Period: first quarter ended April 2, 2023
  - Revenue: $32.3 million
  - Net income: net loss of $0.2 million, or $0.01 per share
  - EPS: $0.01 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: The Company reported revenue of $32.3 million for the first quarter of 2023, compared to $26.2 million for the prior-year comparable period. Additionally, the Company reported a net loss of $0.2 million, or $0.01 per share, as compared to net income of $0.2 million, or $0.01 per diluted share, for the prior-year period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/864240/000115752323000852/0001157523-23-000852-index.htm

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