---
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"
generated_at: "2026-06-04T05:05:27.359247+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Sypris Solutions Q4 revenue up 17% to $34.7M; net loss $1.1M ($0.05 EPS)

## Summary
- 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.

## SEC filing metadata
- 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
- 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/864240/000143774924010167/0001437749-24-010167-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/864240/000143774924010167/sypr20240328_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-010167
- JSON: https://secwatch.observer/filing/0001437749-24-010167.json
- Plain text: https://secwatch.observer/filing/0001437749-24-010167.txt

## Key facts
- Earnings Releases
  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.
  - Period: full-year ended December 31, 2023
  - Revenue: $136.2 million
  - Net income: $1.6 million loss
  - EPS: $0.07 loss per share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/864240/000143774924010167/0001437749-24-010167-index.htm
- Earnings Releases
  SYPRIS SOLUTIONS INC updated its 2024 guidance (raised).
  - Period: 2024
  - Guidance: raised
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/864240/000143774924010167/0001437749-24-010167-index.htm
- Earnings Releases
  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.
  - Period: fourth quarter ended December 31, 2023
  - Revenue: $34.7 million
  - Net income: $1.1 million loss
  - EPS: $0.05 loss per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/864240/000143774924010167/0001437749-24-010167-index.htm

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