{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-016793","form_type":"8-K","ticker":"SYPR","cik":"0000864240","company_name":"SYPRIS SOLUTIONS INC","filed_at":"2024-05-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.172393+00:00","generated_at":"2026-06-01T23:55:49.592176+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Sypris Q1 revenue up 10% to $35.6M; net loss widens to $2.2M on program ramp costs","bullets":["Q1 revenue $35.6M (+10.1% YoY); net loss $2.2M ($0.10/sh) vs $0.2M loss prior year.","Sypris Electronics revenue +34.5% YoY to $17.2M; margin fell to 4.8% from 11.9% on ramp costs.","Sypris Technologies revenue -5.9% to $18.4M; gross margin 11.2% vs 13.5% on lower volume and FX.","Backlog exceeds $110M; full-year revenue growth reaffirmed at 10-15%, gross margin guidance adjusted to +100-125 bps.","New awards: specialty closures for LNG carbon capture project; additional U.S. Navy electronic warfare modules."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-016793","json":"https://secwatch.observer/filing/0001437749-24-016793.json","markdown":"https://secwatch.observer/filing/0001437749-24-016793.md","text":"https://secwatch.observer/filing/0001437749-24-016793.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/864240/000143774924016793/0001437749-24-016793-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/864240/000143774924016793/sypr20240513_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T23:55:49.592176+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":"3cbacebd86959f1588b0f094d27c50e8e898e3a4","claim":"SYPRIS SOLUTIONS INC reported the first quarter ended March 31, 2024 results: revenue $35.6 million, net income a net loss of $2.2 million, or $0.10 per share. Guidance reaffirmed.","evidence_excerpt":"The Company reported revenue of $35.6 million for the first quarter of 2024, compared to $32.3 million for the prior-year comparable period. Additionally, the Company reported a net loss of $2.2 million, or $0.10 per share, as compared to a net loss of $0.2 million, or $0.01 per share, for the prior-year period.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/864240/000143774924016793/0001437749-24-016793-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2024"},{"label":"Revenue","value":"$35.6 million"},{"label":"Net income","value":"a net loss of $2.2 million, or $0.10 per share"},{"label":"Guidance","value":"reaffirmed"},{"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"}