SYPRIS SOLUTIONS INC SYPR
We were formed as a Delaware corporation in 1997. We provide products and engineering, design, and manufacturing services for a variety of critical infrastructure sectors, including energy, space, communications, defense, transport, chemical, and water. Sypris serves its customers globally through its operations located in North America. We produce a wide range of manufactured products, often under multi-year, sole-source contracts.
We focus on those markets where we believe we have the expertise, qualifications and leadership position to sustain a competitive advantage. We target our resources to support the needs of industry participants that embrace technological innovation and flexibility, coupled with multi-year contractual relationships, as a strategic component of their supply chain management. These contracts, many of which are sole-source by part number, have historically created opportunities to invest in leading-edge processes or technologies to help our customers remain competitive. The productivity and innovation that can result from such investments helps to differentiate us from our competition when it comes to cost, quality, reliability and customer service.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by segment
- Sypris Electronics
- Sypris Technologies - Transferred at Point in Time
- Sypris Electronics - Transferred at Point in Time
| Segment | FY2025 | FY2024 |
|---|---|---|
| Sypris Electronics | $54.5M | $51.1M |
| Sypris Technologies - Transferred at Point in Time | $51.7M | $75.2M |
| Sypris Electronics - Transferred at Point in Time | $13.7M | $13.9M |
As the company reported it, from the “Note 3 - Revenue From Contracts With Customers - Disaggregation of Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $119.9M | $140.2M | $136.2M | $110.1M | $97.4M | $82.3M | $87.9M | $88.0M | $82.3M | $91.8M |
| Cost of revenue | $110.5M | $120.3M | $119.0M | $95.3M | $82.9M | $70.3M | $78.0M | $80.4M | $79.0M | $91.0M |
| Gross profit | $9.4M | $19.9M | $17.2M | $14.9M | $14.5M | $12.1M | $9.9M | $7.6M | $3.3M | $749.0K |
| R&D | — | — | — | — | — | — | — | $0 | $38.0K | $330.0K |
| SG&A | $16.0M | $17.0M | $16.3M | $14.5M | $12.6M | $12.0M | $13.7M | $10.5M | $13.1M | $22.0M |
| Operating income | -$6.6M | $2.9M | $969.0K | $364.0K | $1.9M | $90.0K | -$4.3M | -$4.3M | -$12.1M | -$22.8M |
| Interest expense | $1.6M | $1.7M | $777.0K | $1.1M | $868.0K | $838.0K | $903.0K | $850.0K | $809.0K | $4.9M |
| Pre-tax income | -$6.3M | $26.0K | -$933.0K | -$1.5M | $4.0M | -$1.3M | -$4.0M | -$3.7M | -$11.4M | $6.3M |
| Income tax | $61.0K | $1.7M | $663.0K | $948.0K | $1.1M | $3.0M | $4.0K | $205.0K | $618.0K | $301.0K |
| Net income | -$6.3K | -$1.7K | -$1.6K | -$2.5M | $2.9M | $1.7M | -$3.9M | -$3.5M | -$10.8M | $6.0M |
| EPS, basic | -0.28 | -0.08 | -0.07 | -0.11 | 0.14 | 0.08 | -0.19 | -0.17 | -0.53 | 0.30 |
| EPS, diluted | -0.28 | -0.08 | -0.07 | -0.11 | 0.13 | 0.08 | -0.19 | -0.17 | -0.53 | 0.30 |
| Shares, diluted (wtd. avg.) | 22.3M | 22.0M | 21.9M | 21.7M | 23.0M | 21.1M | 20.9M | 20.5M | 20,326 | 19.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | — | — | — | — | — | — | $5.1M | $10.7M | $8.1M | $16.8M |
| Receivables | $9.8M | $10.6M | $8.9M | $8.1M | $8.5M | $7.2M | $7.4M | $9.9M | $9.3M | $8.0M |
| Inventory | $52.5M | $66.7M | $77.3M | $42.1M | $30.1M | $16.2M | $20.8M | $18.6M | $17.6M | $14.6M |
| Total current assets | $79.9M | $98.0M | $103.9M | $80.0M | $56.1M | $39.4M | $39.8M | $45.4M | $40.0M | $42.9M |
| Property, plant and equipment | — | — | $17.1M | $15.5M | $14.1M | $10.2M | $11.7M | $14.7M | $15.6M | $17.9M |
| Total assets | $107.8M | $119.4M | $129.3M | $104.1M | $79.5M | $60.7M | $60.1M | $61.6M | $57.2M | $62.6M |
| Accounts payable | $10.3M | $18.4M | $26.7M | $17.6M | $12.0M | $6.7M | $9.3M | $13.4M | $10.5M | $6.7M |
| Short-term debt | — | — | — | — | — | — | — | — | — | $0 |
| Total current liabilities | $62.4M | $79.5M | $86.5M | $56.1M | $34.0M | $21.2M | $23.4M | $29.0M | $21.6M | $17.7M |
| Total liabilities | $90.0M | $99.8M | $106.9M | $84.6M | $60.2M | $45.9M | $46.6M | $46.7M | $40.2M | $36.5M |
| Retained earnings | -$125.0M | -$118.6M | -$116.9M | -$115.3M | -$112.8M | -$115.8M | -$117.4M | -$114.9M | -$111.6M | -$100.8K |
| Total equity | $17.8M | $19.6M | $22.5M | $19.6M | $19.3M | $14.8M | $13.4M | $14.8M | $16.9M | $26.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$5.7M | $2.0M | -$11.1M | $13.8M | $4.2M | $3.6M | -$5.9M | $1.9M | -$9.5M | -$19.3M |
| Depreciation and amortisation | $2.8M | $3.2M | $3.3M | $3.1M | $2.6M | $2.5M | $2.7M | $2.6M | $3.9M | $6.3M |
| Stock-based compensation | $1.1M | $868.0K | $813.0K | $683.0K | $491.0K | $426.0K | $469.0K | $637.0K | $730.0K | $1.4M |
| Capital expenditure | $756.0K | $1.1M | $2.1M | $3.0M | $2.8M | $1.5M | $859.0K | $2.1M | $1.6M | $1.8M |
| Investing cash flow | $2.2M | -$1.1M | -$2.1M | -$3.0M | -$2.8M | $427.0K | $999.0K | $1.6M | $1.2M | $48.3M |
| Financing cash flow | $837.0K | $820.0K | -$614.0K | -$1.4M | -$1.3M | $2.7M | -$788.0K | -$936.0K | -$331.0K | -$15.1M |
| Dividends paid | — | — | — | — | — | — | — | — | — | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-195346.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $91.8M | $82.3M | $88.0M | $87.9M | $82.3M | $97.4M | $110.1M | $136.2M | $140.2M | $119.9M |
| Gross profit | $749.0K | $3.3M | $7.6M | $9.9M | $12.1M | $14.5M | $14.9M | $17.2M | $19.9M | $9.4M |
| Net income | $6.0M | -$10.8M | -$3.5M | -$3.9M | $1.7M | $2.9M | -$2.5M | -$1.6K | -$1.7K | -$6.3K |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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