earnings
confidence high
sentiment negative
materiality 0.70
Sypris Q2 net loss widens to $3.1M; orders surge 25% on satellite demand
SYPRIS SOLUTIONS INC
- Revenue $30.3M vs $31.4M YoY; net loss $3.1M ($0.14/sh) vs $2.1M ($0.09/sh) prior year.
- Orders up 25% sequentially; Sypris Electronics bookings +54% for satellite/deep space and subsea fiber-optic.
- Sypris Technologies revenue +5.6% YoY, gross profit +28% YoY; commercial vehicle market rebounding.
- Sypris Electronics revenue $15.5M vs $17.3M YoY on material availability issues; gross loss $0.8M.
- H1 2026 net loss $7.2M vs $3.0M; includes $4.5M abnormal expenses (healthcare, FX, scrap, E&O).