SYPRIS SOLUTIONS INC

For the period ended Aug 13, 2024. Filed Aug 13, 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.

Aug 13, 2024 · Filed Aug 13, 2024

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SYPR$1.24+1.6%Stored close · as of Nov 6, 2026

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EX-99 · (in thousands, except for per share data)

(in thousands, except for per share data)

Three Months Ended · Six Months Ended
June 30, · July 2, · June 30, · July 2,
2024 · 2023 · 2024 · 2023
(Unaudited) · (Unaudited)
Net revenue:
Sypris Technologies		$17,841		$20,058		$36,191		$39,558
Sypris Electronics		17,680		15,557		34,883		28,349
Total net revenue		35,521		35,615		71,074		67,907
Cost of sales:
Sypris Technologies		15,122		18,051		31,421		34,912
Sypris Electronics		14,758		12,894		31,128		24,164
Total cost of sales		29,880		30,945		62,549		59,076
Gross profit:
Sypris Technologies		2,719		2,007		4,770		4,646
Sypris Electronics		2,922		2,663		3,755		4,185
Total gross profit		5,641		4,670		8,525		8,831
Selling, general and administrative		4,368		3,704		8,626		7,449
Operating income (loss)		1,273		966		(101)		1,382
Interest expense, net		604		178		922		404
Other expense, net		194		513		535		584
Income (loss) before taxes		475		275		(1,558)		394
Income tax expense, net		459		62		647		356
Net income (loss)		$16		$213		$(2,205)		$38
Income (loss) per common share:
Basic		$0.00		$0.01		$(0.10)		$0.00
Diluted		$0.00		$0.01		$(0.10)		$0.00
Dividends declared per common share	$	-	$	-	$	-	$	-
Weighted average shares outstanding:
Basic		21,989		21,852		21,973		21,824
Diluted		22,288		22,446		21,973		22,457

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.