The divergence between surging defense/energy orders and deteriorating financials suggests material availability and execution issues at Sypris Electronics are the binding constraint. Watch for resolution of these supply chain issues in Q2/Q3; the stock will likely continue to trade on order momentum vs. near-term cash burn. Cash runway is tight at $4.8M with negative operating cash flow and debt maturities coming due (current portion of note payable $2.0M).
Price Chart
Executive Summary
Sypris Solutions reported Q1 2026 revenue of $25.8M (down 12.5% YoY from $29.5M) and a net loss of $4.1M ($0.18/share), widening from a $0.9M loss in the prior-year period. Electronics revenue declined 15.9% YoY due to material availability and customer design changes, while Technologies revenue slipped 8.5%. The company highlighted surging orders (Electronics +28% YoY, +269% sequentially; energy products +31% YoY) and reiterated optimistic forward-looking commentary, but the headline financial deterioration and cash burn from operations ($2.3M) point to continuing operational distress.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $25.8M vs $29.5M YoY (-12.5%)
- Net loss widened to $4.1M ($0.18/share) from $0.9M ($0.04/share) YoY
- Sypris Electronics revenue fell to $13.4M from $15.9M (-15.9%), with a gross LOSS of $0.6M vs profit of $1.3M
- Sypris Technologies revenue declined to $12.4M from $13.6M (-8.5%)
- Operating cash flow used $2.3M in Q1 2026, vs $5.5M used in Q1 2025
- Cash balance dropped to $4.8M from $6.8M at year-end 2025
- Total debt increased with a new loan payable of $1.1M and current portion of note payable - related party of $2.0M
- Stockholders' equity fell to $13.8M from $17.8M at year-end 2025
- Orders for Sypris Electronics surged 28% YoY and 269% sequentially; energy products orders up 31% YoY
Financial Impact
Revenue decline of $3.7M YoY (12.5%) and net loss swing of $3.2M deeper YoY; cash burn of $2.3M from operations
Risk Factors
- Continuing material availability issues delaying revenue conversion of record orders
- Cash burn may require additional financing or equity dilution within 2-4 quarters
- Nasdaq listing compliance risk given low stock price and deteriorating equity base
- Tariff and regulatory uncertainty continue to pressure Technologies segment demand
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-017690 |
| Document: sypr20260518_8k.htm | 0001437749-26-017690 |
| Document: 0001437749-26-017690-index-headers.html | 0001437749-26-017690 |
| Document: 0001437749-26-017690-index.html | 0001437749-26-017690 |
| Document: 0001437749-26-017690.txt | 0001437749-26-017690 |
| 8-K Data (Synthetic) | 0001437749-26-017690 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 18, 2026 9w ago | 8-K | $1.86 $1.73 | ▲ +6.99% | ▲ +6.00% | $1.36 (+26.88%) |
May 19, 2026 22w ago | 8-K | $2.65 $2.51 | ▲ +5.28% | ▲ +6.27% | $1.36 (+48.68%) |
US Market Status
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