secwatch.observer — SEC 8-K summary
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Issuer:     SYPRIS SOLUTIONS INC (SYPR)
CIK:        0000864240
Form:       8-K
Filed at:   2024-04-01T23:59:59+00:00
Accession:  0001437749-24-010167
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/864240/000143774924010167/0001437749-24-010167-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/864240/000143774924010167/sypr20240328_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-010167

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer