Sypris Q1 revenue $25.8M, net loss $4.1M; orders jump 28% at Electronics

SYPRIS SOLUTIONS INC

Net loss of $4.1M ($0.18/share) vs. $0.9M loss ($0.04/share) a year ago; includes $2.4M of higher expenses for healthcare, scrap, excess inventory.
Revenue fell to $25.8M from $29.5M amid material availability issues and customer design changes at Sypris Electronics ($13.4M vs. $15.9M).
Sypris Technologies revenue $12.4M (down from $13.6M) on commercial vehicle market downturn; energy product orders rose 31% YoY.
Electronics orders up 28% YoY and 269% sequentially, driven by missile, defense aviation, and subsea fiber-optic programs.
Awarded follow-on Orion spacecraft contract and long-term sole-source agreements for heavy truck transmissions and drivetrain components.

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