SYPRIS SOLUTIONS INC
For the period ended Apr 1, 2024. Filed Apr 1, 2024.
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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Apr 1, 2024 · Filed Apr 1, 2024
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EX-99 · Sypris Electronics
Sypris Electronics
Revenue for Sypris Electronics increased to $15.7 million in the fourth quarter of 2023 compared to $12.5 million for the prior-year period. Gross profit for the fourth quarter of 2023 was $1.3 million, or 8.1% of revenue, compared to $2.4 million, or 18.9% of revenue, for the same period in 2022. Gross profit and gross margin for 2023 were negatively impacted by ramp-up costs on two major programs.
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