Sypris Solutions, Inc. (SYPR) Financial Statements (2024 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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments20,58019,48121,64816,4747,4867,519
Cash and cash equivalents20,58019,48121,64816,4747,4867,519
Receivables10,80110,7208,0648,8529,47813,107
Inventory, net of allowances, customer advances and progress billings64,04952,48942,13335,17729,37931,374
Inventory64,04952,48942,13335,17729,37931,374
Other current assets10,4898,3848,1337,5086,7925,149
Total current assets:105,91991,07479,97868,01153,13557,149
Noncurrent Assets
Operating lease, right-of-use asset3,8654,0724,2514,4514,6994,954
Property, plant and equipment17,51616,77215,53215,07614,62514,563
Other noncurrent assets4,6494,5244,3834,5553,9024,119
Total noncurrent assets:26,03025,36824,16624,08223,22623,636
TOTAL ASSETS:131,949116,442104,14492,09376,36180,785
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities76,86456,16450,95436,64833,92432,399
Accounts payable22,43620,81617,63815,88512,83813,598
Accrued liabilities54,42835,34833,31620,76321,08618,801
Debt3,7266,0694,0003,9073,8633,836
Other undisclosed current liabilities1,1721,1961,1681,1411,1141,088
Total current liabilities:81,76263,42956,12241,69638,90137,323
Noncurrent Liabilities
Long-term debt and lease obligation4,1204,4012,5366,6957,2637,814
Long-term debt, excluding current maturities1,9921,991    
Finance lease, liability2,1282,4102,5362,6842,9573,219
Liabilities, other than long-term debt22,48226,19325,17325,3319,86714,601
Due to related parties3,9893,9883,9873,985
Other liabilities19,34822,79517,47421,3435,88010,616
Operating lease, liability3,1343,3983,7104,0114,3064,595
Other undisclosed noncurrent liabilities1,2221,430738866692782
Total noncurrent liabilities:27,82432,02428,44732,89217,82223,197
Total liabilities:109,58695,45384,56974,58856,72360,520
Equity
Equity, attributable to parent, including:22,36320,98919,57517,50519,63820,265
Additional paid in capital155,860155,748155,535155,374155,214155,061
Accumulated other comprehensive loss(18,423)(19,472)(20,845)(22,614)(22,563)(22,411)
Accumulated deficit(115,298)(115,511)(115,336)(115,476)(113,234)(112,605)
Other undisclosed equity, attributable to parent224224221221221220
Total equity:22,36320,98919,57517,50519,63820,265
TOTAL LIABILITIES AND EQUITY:131,949116,442104,14492,09376,36180,785

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues35,61532,29229,71225,19929,04426,166
Cost of revenue
(Cost of Goods and Services Sold)
(30,945)(28,131)(25,119)(23,228)(25,264)(21,657)
Gross profit:4,6704,1614,5931,9713,7804,509
Operating expenses(3,704)(3,745)(3,789)(3,574)(3,737)(3,389)
Operating income (loss):966416804(1,603)431,120
Nonoperating expense
(Other Nonoperating expense)
(513)(71)(145)(382)(104)(169)
Interest and debt expense(178)(226)(326)(273)(263)(248)
Income (loss) from continuing operations before income taxes:275119333(2,258)(324)703
Income tax expense (benefit)(62)(294)(193)16(305)(466)
Income (loss) from continuing operations:213(175)140(2,242)(629)237
Income (loss) before gain (loss) on sale of properties:(2,242)(629)237
Net income (loss) attributable to parent:213(175)140(2,242)(629)237
Other undisclosed net loss available to common stockholders, basic (5)    (2)
Net income (loss) available to common stockholders, diluted:208(175)140(2,242)(629)235

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):213(175)140(2,242)(629)237
Comprehensive income (loss):213(175)140(2,242)(629)237
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1,0491,3731,769(51)(152)583
Comprehensive income (loss), net of tax, attributable to parent:1,2621,1981,909(2,293)(781)820

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.

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