{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-010167","form_type":"8-K","ticker":"SYPR","cik":"0000864240","company_name":"SYPRIS SOLUTIONS INC","filed_at":"2024-04-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.172194+00:00","generated_at":"2026-06-04T05:05:27.359247+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Sypris Solutions Q4 revenue up 17% to $34.7M; net loss $1.1M ($0.05 EPS)","bullets":["Q4 revenue $34.7M (+16.9% YoY); full-year revenue $136.2M (+23.7%).","Q4 net loss $1.1M ($0.05 EPS) vs net income $0.1M ($0.01 EPS) prior year.","Sypris Electronics revenue +25.2% in Q4 on defense/communications demand; backlog exceeds $115M.","Sypris Technologies revenue +10.8%; gross margin improved to 16.3% from 12.9%.","2024 guidance: revenue up 10-15%, gross profit +20-25%, gross margin +150-175bps."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-010167","json":"https://secwatch.observer/filing/0001437749-24-010167.json","markdown":"https://secwatch.observer/filing/0001437749-24-010167.md","text":"https://secwatch.observer/filing/0001437749-24-010167.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/864240/000143774924010167/0001437749-24-010167-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/864240/000143774924010167/sypr20240328_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T05:05:27.359247+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8f656bb89467f9fc8d185fd4f07bf9989796f7f7","claim":"SYPRIS SOLUTIONS INC reported full-year ended December 31, 2023 results: revenue $136.2 million, net income $1.6 million loss, EPS $0.07 loss per share.","evidence_excerpt":"For the full-year 2023, the Company reported revenue of $136.2 million compared with $110.1 million for the prior year. The Company reported a net loss of $1.6 million, or $0.07 per share, for 2023 compared with a net loss of $2.5 million, or $0.11 per diluted share, for the prior year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/864240/000143774924010167/0001437749-24-010167-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full-year ended December 31, 2023"},{"label":"Revenue","value":"$136.2 million"},{"label":"Net income","value":"$1.6 million loss"},{"label":"EPS","value":"$0.07 loss per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"a3c5f37614798b970e8485da3bdfab5623fa682e","claim":"SYPRIS SOLUTIONS INC updated its 2024 guidance (raised).","evidence_excerpt":"We now expect revenue to increase 10-15% year-over-year as a result of the combined strength of our backlog for Sypris Electronics and increasing orders for our energy products. We also continue to expect to achieve gross margin expansion in the range of 150 to 175 basis points with gross profit forecast to increase 20-25% in 2024.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/864240/000143774924010167/0001437749-24-010167-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"2024"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"bc1c23fc732ade5aa1673d93297f804d285069d8","claim":"SYPRIS SOLUTIONS INC reported fourth quarter ended December 31, 2023 results: revenue $34.7 million, net income $1.1 million loss, EPS $0.05 loss per diluted share.","evidence_excerpt":"The Company reported revenue of $34.7 million for the fourth quarter ended December 31, 2023, compared to $29.7 million for the prior-year comparable period. The Company incurred a net loss of $1.1 million, or $0.05 per diluted share, compared to net income of $0.1 million, or $0.01 per diluted share, for the prior-year period.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/864240/000143774924010167/0001437749-24-010167-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter ended December 31, 2023"},{"label":"Revenue","value":"$34.7 million"},{"label":"Net income","value":"$1.1 million loss"},{"label":"EPS","value":"$0.05 loss per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}