Sypris Solutions Inc. (SYPR) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
101 BULLITT LN LOUISVILLE, KY 40222 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3823 - Industrial Instruments for Measurement, Display, and Control of Process Variables; and Related Products (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 7,881 | 21,648 | 11,620 | 11,606 | 5,095 | 10,704 | |||
| Cash and cash equivalent | 7,881 | 21,648 | 11,620 | 11,606 | 5,095 | 10,704 | |||
| Receivables | 8,929 | 8,064 | 8,467 | 7,234 | 7,444 | 9,881 | |||
| Inventory, net of allowances, customer advances and progress billings | 77,314 | 42,133 | 30,100 | 16,236 | 20,784 | 18,584 | |||
| Inventory | 77,314 | 42,133 | 30,100 | 16,236 | 20,784 | 18,584 | |||
| Disposal group, including discontinued operation | 412 | 2,233 | 1,474 | ||||||
| Other current assets | 9,743 | 8,133 | 5,868 | 3,948 | 4,282 | 4,755 | |||
| Total current assets: | 103,867 | 79,978 | 56,055 | 39,436 | 39,838 | 45,398 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | ✕ | ||||||||
| Operating lease, right-of-use asset | 3,309 | 4,251 | 5,140 | 6,103 | 7,014 | ✕ | |||
| Property, plant and equipment | 17,133 | 15,532 | 14,140 | 10,161 | 11,675 | 14,655 | |||
| Regulated entity, other noncurrent assets | |||||||||
| Other noncurrent assets | 5,033 | 4,383 | 4,170 | 5,008 | 1,529 | 1,515 | |||
| Other undisclosed noncurrent assets | |||||||||
| Total noncurrent assets: | 25,475 | 24,166 | 23,450 | 21,272 | 20,218 | 16,170 | |||
| TOTAL ASSETS: | 129,342 | 104,144 | 79,505 | 60,708 | 60,056 | 61,568 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 82,969 | 50,954 | 31,734 | 20,739 | 21,841 | 28,392 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 126 | 596 | ||||
| Accounts payable | 26,737 | 17,638 | 11,962 | 6,734 | 9,346 | 13,427 | |||
| Accrued liabilities | 56,232 | 33,316 | 19,646 | 13,409 | 12,495 | 14,965 | |||
| Debt | 2,445 | 4,000 | 1,319 | 1,579 | 1,525 | 593 | |||
| Other undisclosed current liabilities | 1,068 | 1,168 | 937 | 369 | |||||
| Total current liabilities: | 86,482 | 56,122 | 33,990 | 22,687 | 23,366 | 28,985 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 8,336 | 2,536 | 8,347 | 10,240 | 9,257 | 2,804 | |||
| Long-term debt, excluding current maturities | 6,484 | 2,372 | |||||||
| Capital lease obligations | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 2,804 | ||
| Finance lease, liability | 1,852 | 2,536 | 3,469 | 1,927 | 2,351 | ✕ | |||
| Liabilities, other than long-term debt | 10,724 | 25,173 | 17,014 | 13,006 | 14,002 | 14,945 | |||
| Due to related parties | ✕ | ✕ | 3,989 | 6,484 | 6,477 | 6,463 | 6,449 | ||
| Other liabilities | 8,082 | 17,474 | 10,530 | 6,529 | 7,539 | 8,496 | |||
| Operating lease, liability | 2,642 | 3,710 | 4,878 | 5,941 | 6,906 | ✕ | |||
| Other undisclosed noncurrent liabilities | 1,333 | 738 | 868 | ||||||
| Total noncurrent liabilities: | 20,393 | 28,447 | 26,229 | 23,246 | 23,259 | 17,749 | |||
| Total liabilities: | 106,875 | 84,569 | 60,219 | 45,933 | 46,625 | 46,734 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 22,467 | 19,575 | 19,286 | 14,775 | 13,431 | 14,834 | |||
| Common stock | 213 | 213 | 214 | ||||||
| Additional paid in capital | 156,242 | 155,535 | 154,904 | 155,025 | 154,702 | 154,388 | |||
| Accumulated other comprehensive loss | (17,067) | (20,845) | (22,994) | (24,698) | (24,051) | (24,842) | |||
| Accumulated deficit | (116,932) | (115,336) | (112,842) | (115,765) | (117,433) | (114,926) | |||
| Other undisclosed equity, attributable to parent | 224 | 221 | 218 | ||||||
| Total equity: | 22,467 | 19,575 | 19,286 | 14,775 | 13,431 | 14,834 | |||
| TOTAL LIABILITIES AND EQUITY: | 129,342 | 104,144 | 79,505 | 60,708 | 60,056 | 61,568 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 136,223 | 110,121 | 97,434 | 82,346 | 87,891 | 87,969 | ||
| Cost of revenue (Cost of Product and Service Sold) | (118,975) | (95,268) | (82,928) | (70,781) | (78,008) | (80,397) | ||
| Gross profit: | 17,248 | 14,853 | 14,506 | 11,565 | 9,883 | 7,572 | ||
| Operating expenses | (16,279) | (14,489) | (12,596) | (11,475) | (14,189) | (11,868) | ||
| Operating income (loss): | 969 | 364 | 1,910 | 90 | (4,306) | (4,296) | ||
| Nonoperating income (expense) | (1,125) | (800) | (645) | (544) | 1,256 | 873 | ||
| Net periodic defined benefits expense (reversal of expense), excluding service cost component | (584) | |||||||
| Other nonoperating income (expense) | (1,125) | (800) | (645) | (544) | 1,256 | 1,436 | ||
| Interest and debt expense | (777) | (1,110) | 2,731 | (838) | (903) | (850) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 563 | |||||||
| Income (loss) from continuing operations before income taxes: | (933) | (1,546) | 3,996 | (1,292) | (3,953) | (3,710) | ||
| Income tax expense (benefit) | (663) | (948) | (1,073) | 2,960 | 4 | 205 | ||
| Income (loss) from continuing operations: | (1,596) | (2,494) | 2,923 | 1,668 | (3,949) | (3,505) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 2,923 | 1,668 | (3,949) | (3,505) | |
| Net income (loss) attributable to parent: | (1,596) | (2,494) | 2,923 | 1,668 | (3,949) | (3,505) | ||
| Other undisclosed net loss available to common stockholders, basic | (12) | |||||||
| Net income (loss) available to common stockholders, diluted: | (1,596) | (2,494) | 2,911 | 1,668 | (3,949) | (3,505) | ||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (1,596) | (2,494) | 2,923 | 1,668 | (3,949) | (3,505) | ||
| Other comprehensive loss | (230) | |||||||
| Comprehensive income (loss): | (1,596) | (2,494) | 2,923 | 1,668 | (3,949) | (3,735) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 3,778 | 2,149 | 1,704 | (647) | 791 | 939 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 2,182 | (345) | 4,627 | 1,021 | (3,158) | (2,796) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.