Sypris Q2 Loss Widens as Electronics Segment Swings to Gross Loss
SYPR is trading near its 52-week low of $1.785 (13% above the low) on light trading volume (0.1× avg).
Summary
Sypris Solutions' Q2 loss widened to $3.1 million as its electronics segment turned unprofitable, while cash declined to $5.9 million and the company leans on related-party debt.
Key Events · Earnings and Guidance · SYPR
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Q2 Net Loss Widens
Net loss of $3.1 million for Q2 2026, up from $2.1 million in Q2 2025. Six-month loss of $7.2 million vs. $3.0 million a year ago.
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Electronics Segment Turns Unprofitable
Sypris Electronics posted a gross loss of $765,000 in Q2, compared to a $441,000 profit a year earlier, driven by lower volumes, higher scrap, and $0.8 million in excess inventory charges.
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Liquidity Remains Tight
Cash and equivalents fell to $5.9 million from $6.8 million at year-end. The company has a $12 million related-party note from Gill Family Capital Management and a $1.2 million Mexico Bajio loan.
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Management Sees Sufficient Liquidity
Management states it believes existing cash and cash flows will fund operations for at least the next twelve months, but warns that revenue shortfalls or unexpected costs could force additional financing or spending cuts.
Analysis · SYPR · Industrial Applications And Services
Sypris Solutions reported a Q2 net loss of $3.1 million, up from $2.1 million a year ago, as the Sypris Electronics segment swung to a gross loss of $765,000 from a $441,000 profit. The company's cash position fell to $5.9 million, and it continues to rely on a $12 million related-party note from its CEO's family entity. Management says it has enough liquidity for the next twelve months, but the widening losses and negative operating cash flow keep pressure on the balance sheet.
At the time of this filing, SYPR was trading at $2.02 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $46.5M. The 52-week trading range was $1.79 to $4.74. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.