Highest-materiality recent filing
Sypris Q1 revenue $25.8M, net loss $4.1M; orders jump 28% at Electronics
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.
Sypris Q4 net loss $3.9M, revenue $30.3M; Electronics orders +58% YTD
Q4 net loss $3.9M ($0.17/sh) vs income $0.1M ($0.01/sh) year ago; revenue $30.3M vs $33.4M.
Sypris Solutions extends $12M promissory note maturity by one year; related-party
Principal due in installments: $2M on Apr 1, 2027; $2M on Apr 1, 2028; $5M on Apr 1, 2029; $3M on Apr 1, 2030.
Sypris Q3 revenue falls 20% YoY to $28.7M; tariffs and inventory drawdown cited
Net income of $0.5M ($0.02 EPS) vs $0.4M ($0.02 EPS) a year ago; nine-month net loss of $2.4M.
Sypris Q2 revenue down 12% to $31.4M; net loss $2.1M; Electronics orders surge 110%
Revenue $31.4M vs $35.5M prior-year; net loss $2.1M ($0.09 per share) vs breakeven.
Elected Gary L. Convis (12,158,191 for, 234,421 against) and Robert Sroka (12,225,849 for, 167,800 against) as Class II directors.
Sypris Q1 revenue down 17% to $29.5M, net loss narrows to $0.9M; withdraws 2025 guidance
Revenue $29.5M vs $35.6M YoY; net loss $0.9M ($0.04/share) vs $2.2M loss ($0.10) prior year.
Sypris Q4 net income $0.1M ($0.01 EPS); 2025 guides revenue $125-135M
Q4 revenue $33.4M vs $34.7M prior; net income $0.1M ($0.01 diluted EPS) vs loss $1.1M (-$0.05).
Sypris Solutions increases insider promissory note by $3M to $12M, extends maturity to 2029
Amended promissory note with GFCM (insider controlled by CEO/director) increases total principal to $12M from $9M.
Sypris Solutions extends $9M promissory note with CEO-related entity to April 2028
Amended and restated $9M promissory note with Gill Family Capital Management (controlled by CEO Jeffrey Gill and director R. Scott Gill) effective Jan 20, 2025.
Sypris Q3 revenue $35.7M (+6.2% YoY); net income $0.4M vs loss a year ago
Gross profit rose 48% YoY; gross margin expanded 480 bps to 16.8%.
Sypris Solutions appoints Eckert as VP/CAO and Davis as SVP/Treasurer effective Nov 1, 2024
Rebecca R. Eckert promoted to VP, Chief Accounting Officer and Controller, effective Nov 1, 2024; will serve as principal financial and accounting officer.
Sypris Q2 revenue flat at $35.5M; gross profit up 21%, backlog tops $115M
Q2 2024 revenue $35.5M flat YoY; gross profit up 20.8% YoY; backlog exceeds $115M.
Sypris Solutions reports annual meeting results; elects two directors, approves say-on-pay
Elected directors R. Scott Gill with 11,354,351 for / 1,018,161 against and William L. Healey with 11,378,769 for / 996,888 against (no broker non-votes).
Sypris Q1 revenue up 10% to $35.6M; net loss widens to $2.2M on program ramp costs
Q1 revenue $35.6M (+10.1% YoY); net loss $2.2M ($0.10/sh) vs $0.2M loss prior year.
Sypris Solutions Q4 revenue up 17% to $34.7M; net loss $1.1M ($0.05 EPS)
Q4 revenue $34.7M (+16.9% YoY); full-year revenue $136.2M (+23.7%).
Sypris director resigns from Class II, reappointed as Class I to fix board imbalance
R. Scott Gill resigned as Class II director effective March 27, 2024 to address class imbalance.
On August 15, 2024, Sypris Solutions, Inc. (the “Company”) appointed Rebecca R. Eckert, the Company’s current Controller, to the position of Vice President, Chief Accounting Officer and Controller, effective as of November 1, 2024.
On August 15, 2024, the Company appointed Richard L. Davis, the Company’s current Vice President, Chief Financial Officer and Assistant Secretary, to the position of Senior Vice President, Treasurer and Assistant Secretary, effective as of November 1, 2024.
Mr. Davis will succeed Anthony C. Allen, the Company’s current Vice President and Treasurer, who will serve as Vice President and Assistant Treasurer of the Company, effective as of November 1, 2024.
The Board accepted Mr. Gill’s resignation and immediately appointed him as a Class I director to hold such office until the expiration of the term of Class I directors at the 2024 Annual Meeting of Stockholders.
Max materiality 0.80 · Median 0.70 · Most common event earnings