Sypris Solution Stock Price, News & Analysis

Sypris Electronics (NASDAQ:SYPR) has secured significant follow-on contract awards from a leading global subsea cable systems provider. The company will manufacture and test electronic power supply modules, optical processing units, and branching units for multiple high-reliability subsea communication networks through 2026.

The contracts focus on producing advanced electronic assemblies for ultra-long-haul subsea networks that span thousands of kilometers underwater, connecting major global internet exchange points. These systems are critical for meeting the increasing global demand for digital services and data consumption.

The manufacturing is already underway, though specific financial terms were not disclosed. This award aligns with Sypris Electronics' strategic focus on mission-critical applications in Defense, Space, Deep Sea Communications, and Industrial markets.

Sypris Technologies (NASDAQ:SYPR), a leading manufacturer of drivetrain components, has secured a significant long-term contract with a global truck OEM to supply components for their new electric heavy-duty vehicle platform. The agreement positions Sypris as the sole North American supplier for these specific drivetrain parts, with deliveries scheduled to begin in 2026.

The components were jointly developed at the Sypris Development Center, focusing on advanced specifications for performance, weight, cost, and durability. This collaboration aligns with the customer's decarbonization objectives and net-zero emissions goals, marking Sypris's strategic entry into the electric vehicle supply chain.

Sypris Electronics, a subsidiary of Sypris Solutions (NASDAQ: SYPR), has secured a follow-on contract from a major U.S. defense contractor to manufacture embedded circuit card assemblies for the U.S. Army's Key Management System (AKMS). The assemblies will support cryptographic functions within the Simple Key Loader (SKL) device, a crucial component of the National Security Agency's Electronic Key Management System. Production is set to begin in 2026, extending the company's backlog through that year. The AKMS includes three integrated subsystems: Local Communications Security Management Software, Automated Communications Engineering Software, and the SKL. The contract reinforces Sypris's position in the secure communications sector and supports the U.S. Government's Cryptographic Modernization Initiative.

Sypris Electronics, LLC, a subsidiary of Sypris Solutions (NASDAQ: SYPR), has secured a follow-on contract to manufacture electronic assemblies for a U.S. Department of Defense contractor. The award extends their 2022 contract to produce four additional systems, with deliveries set to begin in 2026. The electronic modules will be integrated into a Navy electronic warfare improvement program, designed to enhance ships' defense capabilities by actively jamming incoming missiles and adapting to evolving threats. The system will provide integrated countermeasures against radio frequency-guided threats and offer non-kinetic electronic attack options. Sypris has supported this program from its Engineering and Manufacturing Development phase through Low-Rate Initial Production and now Full-Rate Production.

Sypris Solutions (NASDAQ: SYPR) reported Q1 2025 financial results showing mixed performance. Revenue declined to $29.5 million from $35.6 million year-over-year, primarily due to cyclical decline in commercial vehicle market and conversion of Mexican operations to sub-maquiladora basis. However, gross profit increased 16.7% with margins expanding 330 basis points. The company reduced its net loss to $0.04 per share from $0.10 year-over-year. Sypris Technologies' revenue fell to $13.6 million from $18.4 million, while Sypris Electronics revenue decreased to $15.9 million from $17.2 million. Notably, energy products orders remained strong with backlog up 32.8% from year-end. Due to uncertainty around potential tariff impacts, the company withdrew its 2025 financial guidance.

Sypris Solutions (NASDAQ: SYPR) reported Q4 2024 financial results with notable improvements in profitability. The company's gross profit increased 23.1% quarter-over-quarter, with gross margin expanding 350 basis points. Q4 revenue was $33.4 million, with EPS improving to $0.01 from a loss of $0.05 in the prior year.

Sypris Technologies saw a 41.6% surge in gross profit for Q4, benefiting from favorable exchange rates and productivity improvements. Energy product orders rose 8.6% year-to-date. The company's electronics division maintains a strong backlog exceeding $90 million.

For 2025 guidance, Sypris projects revenue between $125-$135 million, gross margin expansion of 150-175 basis points, and expects 10-15% growth in gross profit. The outlook factors in the conversion of certain Mexican facility shipments to a value-add sub-maquiladora basis.

Sypris Solutions (NASDAQ: SYPR) reported strong Q3 2024 results with revenue increasing 6.2% year-over-year to $35.7 million. The company achieved net income of $0.4 million ($0.02 per diluted share), compared to a loss of $0.6 million in the prior year. Sypris Electronics revenue grew 13.6% while Sypris Technologies revenue increased 0.7%. Gross profit surged 48.0% year-over-year, with margin expanding 480 basis points. The company updated its 2024 outlook, expecting 10% revenue growth and a 100-125 basis point increase in gross margin. The backlog at Sypris Electronics exceeds $100 million, supporting growth through 2024 and beyond.

Sypris Solutions, Inc. (Nasdaq/GM: SYPR) has announced key leadership changes effective November 1, 2024. Rebecca R. Eckert, the current Controller, has been appointed as Vice President, Chief Accounting Officer and Controller, serving as the company's principal financial and accounting officer. Mrs. Eckert, a certified public accountant, has been with Sypris since 2005 and will report to CEO Jeffrey T. Gill.

Additionally, Richard L. Davis, currently Vice President and CFO, has been named Senior Vice President, Treasurer and Assistant Secretary. He will succeed Anthony C. Allen, who will transition to Vice President and Assistant Treasurer. These changes reflect Sypris' commitment to internal talent development and financial leadership continuity.

Sypris Solutions (NASDAQ: SYPR) reported its Q2 2024 financial results, showing a stable revenue of $35.5 million and breakeven net income. Highlights include:

- Gross profit up 20.8% year-over-year and 95.6% sequentially
- Sypris Electronics revenue increased 13.6%
- Sypris Technologies gross profit up 35.5% year-over-year
- Total orders up 15.8% year-to-date
- Backlog exceeds $115 million

The company reaffirmed its 2024 outlook, expecting 10-15% revenue growth and 20-25% gross profit increase. Sypris maintains a positive outlook for the second half of 2024, supported by a strong backlog and new program wins.