SYPRIS SOLUTIONS INC

Listed Company

SYPRCIK 0000864240NasdaqNon-AcceleratedSmaller ReportingIndustrial Instruments For Measurement, Display, And ControlDelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$-6.34M

Total Assets

$107.81M

Equity

$17.79M

Shares Out

23.03M

Op. Cash Flow

$-5.73M

Business

SYPRIS SOLUTIONS INC provides forged, machined, welded and heat‑treated components and subassemblies for industrial and defense customers. It offers state‑of‑the‑art machining, value‑added manufacturing capabilities and integrated component solutions designed to improve quality and reduce cost, inventory and cycle times. Its operations focus on core market segments including commercial vehicles, off‑highway vehicles, light trucks, energy, and aerospace and defense, and it pursues strategic partnerships and selective asset acquisitions to expand capabilities. It primarily serves North American markets through multi‑year, often sole‑source supply relationships with major industry and government customers.

Summary from filing dated 2025-03-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net revenue	120	140	136	110	97
Cost of sales	110	120	119	95	83
Gross profit	9	20	17	15	15
Selling, general and administrative	16	17	16	14	13
Operating (loss) income	−7	3	969,000	364,000	2
Interest expense, net	2	2	777,000	—	—
Other (income) expense, net	−2	1	1	800,000	645,000
(Loss) income before income taxes	−6	26,000	−933,000	−2	4
Income tax expense	61,000	2	663,000	948,000	1
Net loss	−6	−2	−2	−2	3
Basic (in dollars per share)	−0.28	−0.08	−0.07	−0.11	0.14
Diluted (in dollars per share)	−0.28	−0.08	−0.07	−0.11	0.13
Cash dividends per common share (in dollars per share)	0	0	0	0	0
Basic (in shares)	22	22	22	22	22
Diluted (in shares)	22	22	22	22	23

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	7	10	8	22	12
Accounts receivable, net	10	11	9	8	8
Inventory, net	52	67	77	42	30
Other current assets	11	11	10	8	6
Total current assets	80	98	104	80	56
Property, plant and equipment, net	16	13	17	—	—
Operating lease right-of-use assets	7	4	3	4	5
Other assets	5	4	5	4	4
Total assets	108	119	129	104	80
Accounts payable	10	18	27	18	12
Accrued liabilities	49	58	56	33	20
Operating lease liabilities, current portion	1	906,000	1	1	1
Finance lease obligations, current portion	622,000	2	1	1	983,000
Equipment financing obligations, current portion	526,000	481,000	618,000	398,000	336,000
Working capital line of credit	500,000	500,000	500,000	0	—
Total current liabilities	62	79	86	56	34
Operating lease liabilities, net of current portion	7	3	3	4	5
Finance lease obligations, net of current portion	4	735,000	2	3	3
Equipment financing obligations, net of current portion	846,000	852,000	1	738,000	868,000
Note payable related party	12	9	6	4	0
Other liabilities	4	7	8	17	11
Total liabilities	90	100	107	85	60
Preferred stock	0	0	0	0	0
Additional paid-in capital	158	157	156	156	155
Accumulated deficit	−125	−119	−117	−115	−113
Accumulated other comprehensive loss	−15	−19	−17	−21	−23
Treasury stock, 21,513 shares in 2025 and 2024	0	0	0	0	—
Total stockholders equity	18	20	22	20	19
Total liabilities and stockholders equity	108	119	129	104	80

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	3	3	3	3	3
Deferred income taxes	105,000	232,000	54,000	329,000	1
Non-cash compensation	1	868,000	813,000	683,000	491,000
Deferred loan costs recognized	7,000	8,000	3,000	6,000	7,000
Provision for excess and obsolete inventory	1	593,000	−167,000	65,000	162,000
Non-cash lease expense	1	1	942,000	890,000	963,000
Net gain on sale leaseback transaction	2	0	—	—	—
Other noncash items	451,000	414,000	−56,000	−148,000	150,000
Contributions to pension plans	−335,000	−712,000	−16,000	−60,000	−297,000
Accounts receivable	692,000	−2	−1	345,000	−1
Inventory	13	9	−35	−12	−14
Prepaid expenses and other assets	626,000	−2	−1	−3	−1
Accounts payable	−8	−8	9	6	5
Accrued and other liabilities	−10	734,000	14	20	11
Net cash used in operating activities	−6	2	−11	14	4
Capital expenditures	−756,000	−1	−2	−3	−3
Proceeds from sale leaseback transaction	3	24,000	0	10,000	10,000
Net cash provided by (used in) investing activities	2	−1	−2	−3	−3
Proceeds from equipment financing obligations	0	430,000	710,000	0	—
Proceeds from Note payable related party	3	3	3	0	0
Principal payments on finance lease obligations	−2	−1	−1	−982,000	−499,000
Principal payments on equipment financing obligations	−505,000	−618,000	−551,000	−352,000	−176,000
Indirect repurchase of shares for minimum statutory tax withholdings	−102,000	−126,000	−105,000	−49,000	−607,000
Net cash provided by financing activities	837,000	820,000	−614,000	−1	−1
Effect of exchange rate changes on cash balances	−179,000	29,000	75,000	649,000	−128,000
Net (decrease) increase in cash and cash equivalents	−3	2	−14	10	14,000
Capital expenditures purchased through equipment financing obligations	317,000	0	1	452,000	4
Right-of-use asset arising from operating lease liabilities	5	2	—	—	—
Assets arising from finance lease liabilities	4	0	—	—	—

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro