$SYPR
SYPRIS SOLUTIONS INC

2022 Q3 Form 10-Q Financial Statement

#000143774922020663 Filed on August 16, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2021 Q4 2021 Q3
Revenue $29.04M $25.68M $25.97M
YoY Change 11.84% 15.93% 51.4%
Cost Of Revenue $25.26M $21.71M $21.66M
YoY Change 16.64% 16.6% 44.09%
Gross Profit $3.780M $3.978M $4.309M
YoY Change -12.28% 12.4% 103.16%
Gross Profit Margin 13.01% 15.49% 16.59%
Selling, General & Admin $3.737M $3.007M $3.416M
YoY Change 9.4% 11.58% 14.59%
% of Gross Profit 98.86% 75.59% 79.28%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $768.0K $670.0K $654.0K
YoY Change 17.43% 8.06% 2.19%
% of Gross Profit 20.32% 16.84% 15.18%
Operating Expenses $3.737M $3.007M $3.416M
YoY Change 9.4% 11.58% 14.59%
Operating Profit $43.00K $971.0K $893.0K
YoY Change -95.18% 15.05% -203.84%
Interest Expense $263.0K $211.0K $211.0K
YoY Change 24.64% -2.31% 9.33%
% of Operating Profit 611.63% 21.73% 23.63%
Other Income/Expense, Net -$104.0K -$132.0K -$145.0K
YoY Change -28.28% -64.52% -118.86%
Pretax Income -$324.0K $628.0K $4.136M
YoY Change -107.83% 145.31% -1556.34%
Income Tax $305.0K $334.0K $313.0K
% Of Pretax Income 53.18% 7.57%
Net Earnings -$629.0K $294.0K $3.823M
YoY Change -116.45% -91.59% -1198.56%
Net Earnings / Revenue -2.17% 1.14% 14.72%
Basic Earnings Per Share -$0.03 $0.01 $0.18
Diluted Earnings Per Share -$0.03 $0.01 $0.17
COMMON SHARES
Basic Shares Outstanding 21.72M 21.54M 21.36M
Diluted Shares Outstanding 21.72M 22.94M 22.85M

Balance Sheet

Concept 2022 Q3 2021 Q4 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.486M $11.10M $18.19M
YoY Change -58.85% 33.75% 133.26%
Cash & Equivalents $7.486M $11.62M $18.19M
Short-Term Investments
Other Short-Term Assets $6.792M $5.868M $5.146M
YoY Change 31.99% 34.59% 19.42%
Inventory $29.38M $30.10M $23.32M
Prepaid Expenses $1.343M
Receivables $9.478M $8.467M $10.48M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $53.14M $56.06M $57.14M
YoY Change -7.0% 42.14% 49.53%
LONG-TERM ASSETS
Property, Plant & Equipment $14.63M $14.14M $11.31M
YoY Change 29.28% 39.16% 14.47%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.902M $4.170M $4.552M
YoY Change -14.28% -16.73% 223.53%
Total Long-Term Assets $23.23M $23.45M $21.53M
YoY Change 7.88% 10.24% 20.87%
TOTAL ASSETS
Total Short-Term Assets $53.14M $56.06M $57.14M
Total Long-Term Assets $23.23M $23.45M $21.53M
Total Assets $76.36M $79.51M $78.67M
YoY Change -2.93% 30.96% 40.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.84M $11.96M $13.80M
YoY Change -6.96% 77.64% 111.11%
Accrued Expenses $21.09M $19.65M $17.10M
YoY Change 23.3% 64.14% 38.38%
Deferred Revenue $15.01M
YoY Change 120.26%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.863M $3.260M $3.212M
YoY Change 20.27% -36.08% -31.66%
Total Short-Term Liabilities $38.90M $33.99M $35.12M
YoY Change 10.75% 59.98% 43.47%
LONG-TERM LIABILITIES
Long-Term Debt $7.636M $6.455M $6.549M
YoY Change 16.6% -12.77% -19.15%
Other Long-Term Liabilities $5.880M $10.53M $14.88M
YoY Change -60.47% 32.14% 169.72%
Total Long-Term Liabilities $5.880M $10.53M $14.88M
YoY Change -60.47% 32.14% 169.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $38.90M $33.99M $35.12M
Total Long-Term Liabilities $5.880M $10.53M $14.88M
Total Liabilities $56.72M $60.22M $61.97M
YoY Change -8.46% 31.1% 39.24%
SHAREHOLDERS EQUITY
Retained Earnings -$113.2M -$112.8M -$113.6M
YoY Change -0.3% -2.52% -3.82%
Common Stock $217.0K $215.0K
YoY Change 1.88% 0.94%
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00 $0.00 $0.00
YoY Change
Treasury Stock Shares $19.00 $19.00 $19.00
Shareholders Equity $19.64M $19.29M $16.70M
YoY Change
Total Liabilities & Shareholders Equity $76.36M $79.51M $78.67M
YoY Change -2.93% 30.96% 40.42%

Cashflow Statement

Concept 2022 Q3 2021 Q4 2021 Q3
OPERATING ACTIVITIES
Net Income -$629.0K $294.0K $3.823M
YoY Change -116.45% -91.59% -1198.56%
Depreciation, Depletion And Amortization $768.0K $670.0K $654.0K
YoY Change 17.43% 8.06% 2.19%
Cash From Operating Activities $1.244M -$6.449M $9.516M
YoY Change -86.93% -675.8% -643.77%
INVESTING ACTIVITIES
Capital Expenditures -$939.0K -$616.0K -$423.0K
YoY Change 121.99% 92.5% 11.32%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $10.00K
YoY Change -100.0% -99.4%
Cash From Investing Activities -$939.0K -$616.0K -$413.0K
YoY Change 127.36% 92.5% -131.53%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -343.0K -238.0K -238.0K
YoY Change 44.12% -27.88% -107.04%
NET CHANGE
Cash From Operating Activities 1.244M -6.449M 9.516M
Cash From Investing Activities -939.0K -616.0K -413.0K
Cash From Financing Activities -343.0K -238.0K -238.0K
Net Change In Cash -38.00K -7.303M 8.865M
YoY Change -100.43% -1653.83% 201.53%
FREE CASH FLOW
Cash From Operating Activities $1.244M -$6.449M $9.516M
Capital Expenditures -$939.0K -$616.0K -$423.0K
Free Cash Flow $2.183M -$5.833M $9.939M
YoY Change -78.04% -505.07% -825.47%

Facts In Submission

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163000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3000 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-10000 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-11000 usd
us-gaap Inventory Write Down
InventoryWriteDown
129000 usd
us-gaap Inventory Write Down
InventoryWriteDown
65000 usd
sypr Noncash Portion Of Lease Expense
NoncashPortionOfLeaseExpense
442000 usd
sypr Noncash Portion Of Lease Expense
NoncashPortionOfLeaseExpense
438000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-91000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-90000 usd
us-gaap Pension Contributions
PensionContributions
47000 usd
us-gaap Pension Contributions
PensionContributions
254000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1155000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3270000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-711000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
7063000 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
819000 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
335000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
805000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
7218000 usd
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-3892000 usd
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
11406000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2009000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
8606000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1840000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1213000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
10000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1840000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1203000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
479000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
211000 usd
sypr Principal Payments On Equipment Financing Obligations
PrincipalPaymentsOnEquipmentFinancingObligations
165000 usd
sypr Principal Payments On Equipment Financing Obligations
PrincipalPaymentsOnEquipmentFinancingObligations
65000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
36000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
382000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-680000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-658000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
395000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-157000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-4134000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
6588000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
11620000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
11606000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
7486000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
18194000 usd
sypr Fixed Assets Acquired With Equipment Financing Loan
FixedAssetsAcquiredWithEquipmentFinancingLoan
0 usd
sypr Fixed Assets Acquired With Equipment Financing Loan
FixedAssetsAcquiredWithEquipmentFinancingLoan
168000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
0 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1070000 usd
us-gaap Nature Of Operations
NatureOfOperations
<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;"> <tbody> <tr style="vertical-align: top;"> <td style="width: 36pt;"> <p style="font-family: 'Times New Roman', Times, serif;font-size: 10pt;font-variant:normal;margin:0pt;"><b>(<em style="font: inherit;">1</em>)</b></p> </td> <td style="width: auto;"> <p style="font-family: 'Times New Roman', Times, serif;font-size: 10pt;font-variant:normal;margin:0pt;"><b>Nature of Business</b></p> </td> </tr> </tbody> </table> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:36pt;">All references to “Sypris,” the “Company,” “we” or “our” include Sypris Solutions, Inc. and its wholly-owned subsidiaries. Sypris is a diversified provider of truck components, oil and gas pipeline components and aerospace and defense electronics. The Company produces a wide range of manufactured products, often under multi-year, sole-source contracts. The Company offers such products through its two business segments, Sypris Technologies, Inc. (“Sypris Technologies”) and Sypris Electronics, LLC (“Sypris Electronics”) (See Note <em style="font: inherit;">10</em>).</p>
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 pure
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
178000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
117000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
479000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
211000 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
29044000 usd
CY2021Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
25969000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
55210000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
45951000 usd
CY2022Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
15774000 usd
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
19888000 usd
CY2022Q3 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4699000 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
5420000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5140000 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
5941000 usd
CY2022Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
171000 usd
CY2021Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
87000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
320000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
173000 usd
CY2022Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
87000 usd
CY2021Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
59000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
178000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
117000 usd
CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
350000 usd
CY2021Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
351000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
701000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
702000 usd
CY2022Q3 us-gaap Variable Lease Cost
VariableLeaseCost
84000 usd
CY2021Q3 us-gaap Variable Lease Cost
VariableLeaseCost
76000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
169000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
154000 usd
CY2022Q3 us-gaap Lease Cost
LeaseCost
692000 usd
CY2021Q3 us-gaap Lease Cost
LeaseCost
573000 usd
us-gaap Lease Cost
LeaseCost
1368000 usd
us-gaap Lease Cost
LeaseCost
1146000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
857000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
764000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
1501000 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Due In Next Rolling Twelve Months
FinanceLeaseLiabilityPaymentsDueInNextRollingTwelveMonths
1315000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
1466000 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Due In Rolling Year Two
FinanceLeaseLiabilityPaymentsDueInRollingYearTwo
1286000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
1222000 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Due In Rolling Year Three
FinanceLeaseLiabilityPaymentsDueInRollingYearThree
1209000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
1062000 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Due In Rolling Year Four
FinanceLeaseLiabilityPaymentsDueInRollingYearFour
778000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive
832000 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Due In Rolling Year Five
FinanceLeaseLiabilityPaymentsDueInRollingYearFive
51000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due After Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive
421000 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Due In Rolling After Year Five
FinanceLeaseLiabilityPaymentsDueInRollingAfterYearFive
0 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
6504000 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
4639000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1084000 usd
CY2022Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
666000 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
5420000 usd
CY2022Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
3973000 usd
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y9M18D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y3M18D
CY2022Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y6M
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P4Y
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.080 pure
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.080 pure
CY2022Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.085 pure
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.085 pure
CY2022Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
78327000 usd
CY2022Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.21 pure
CY2022Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.54 pure
CY2022Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
4464000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
7640000 usd
CY2021Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1607000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
3609000 usd
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4000
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-629000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
3823000 usd
us-gaap Net Income Loss
NetIncomeLoss
-392000 usd
us-gaap Net Income Loss
NetIncomeLoss
2193000 usd
CY2022Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
0 usd
CY2021Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
0 usd
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
0 usd
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
0 usd
CY2022Q3 us-gaap Distributed Earnings
DistributedEarnings
0 usd
CY2021Q3 us-gaap Distributed Earnings
DistributedEarnings
0 usd
us-gaap Distributed Earnings
DistributedEarnings
0 usd
us-gaap Distributed Earnings
DistributedEarnings
0 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-629000 usd
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3823000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-392000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2193000 usd
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.03
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.18
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.10
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.03
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.17
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.10
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21723000
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21356000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21700000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21475000
CY2022Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2021Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1490000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1504000
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21723000
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22846000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21700000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22979000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2627000 usd
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
409000 usd
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
378000 usd
CY2022Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
133000 usd
CY2021Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
129000 usd
CY2022Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
25717000 usd
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
23694000 usd
CY2022Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
4364000 usd
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
6702000 usd
CY2022Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1236000 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1497000 usd
CY2022Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1938000 usd
CY2021Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1793000 usd
CY2022Q3 us-gaap Inventory Net
InventoryNet
29379000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
30100000 usd
CY2022Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
71798000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
69814000 usd
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
57173000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
55674000 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
14625000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
14140000 usd
CY2021Q3 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
136000 usd
CY2022Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1016000 usd
CY2021Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
983000 usd
CY2022Q3 sypr Equipment Financing Obligations Current
EquipmentFinancingObligationsCurrent
347000 usd
CY2021Q4 sypr Equipment Financing Obligations Current
EquipmentFinancingObligationsCurrent
336000 usd
CY2022Q3 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
2500000 usd
CY2021Q4 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
0 usd
CY2022Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
3863000 usd
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
1319000 usd
CY2022Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
2957000 usd
CY2021Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
3469000 usd
CY2022Q3 sypr Equipment Financing Obligations Noncurrent
EquipmentFinancingObligationsNoncurrent
692000 usd
CY2021Q4 sypr Equipment Financing Obligations Noncurrent
EquipmentFinancingObligationsNoncurrent
868000 usd
CY2022Q3 sypr Notes Payable Related Parties Gross
NotesPayableRelatedPartiesGross
4000000 usd
CY2021Q4 sypr Notes Payable Related Parties Gross
NotesPayableRelatedPartiesGross
6500000 usd
CY2022Q3 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
13000 usd
CY2021Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
16000 usd
CY2022Q3 sypr Longterm Debt And Capital Lease Obligations Noncurrent Net Of Unamortized Debt Costs
LongtermDebtAndCapitalLeaseObligationsNoncurrentNetOfUnamortizedDebtCosts
7636000 usd
CY2021Q4 sypr Longterm Debt And Capital Lease Obligations Noncurrent Net Of Unamortized Debt Costs
LongtermDebtAndCapitalLeaseObligationsNoncurrentNetOfUnamortizedDebtCosts
10821000 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 pure
CY2022Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
29044000 usd
CY2021Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
25969000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
55210000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
45951000 usd
CY2022Q3 us-gaap Gross Profit
GrossProfit
3780000 usd
CY2021Q3 us-gaap Gross Profit
GrossProfit
4309000 usd
us-gaap Gross Profit
GrossProfit
8289000 usd
us-gaap Gross Profit
GrossProfit
6125000 usd
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
43000 usd
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
893000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
1163000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-173000 usd
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-324000 usd
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4136000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
379000 usd
CY2022Q3 us-gaap Assets
Assets
76361000 usd
CY2021Q4 us-gaap Assets
Assets
79505000 usd
CY2022Q3 us-gaap Liabilities
Liabilities
56723000 usd
CY2021Q4 us-gaap Liabilities
Liabilities
60219000 usd
CY2022Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
680000 usd
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
659000 usd
CY2022Q3 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
0 usd
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.30 pure
CY2022Q3 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
1000 usd
CY2021Q3 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
1000 usd
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
2000 usd
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
2000 usd
CY2022Q3 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
226000 usd
CY2021Q3 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
116000 usd
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
420000 usd
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
387000 usd
CY2022Q3 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-127000 usd
CY2021Q3 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-148000 usd
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-280000 usd
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-306000 usd
CY2022Q3 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
221000 usd
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
293000 usd
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
317000 usd
CY2022Q3 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
-132000 usd
CY2021Q3 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
-128000 usd
us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
-291000 usd
us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
-315000 usd
CY2022Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
133000 usd
CY2021Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
129000 usd
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
293000 usd
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
317000 usd
CY2022Q3 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-11009000 usd
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-11440000 usd
CY2022Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-22563000 usd
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-22994000 usd

Files In Submission

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0001437749-22-020663-index-headers.html Edgar Link pending
0001437749-22-020663-index.html Edgar Link pending
0001437749-22-020663.txt Edgar Link pending
0001437749-22-020663-xbrl.zip Edgar Link pending
ex_410897.htm Edgar Link pending
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sypr-20220703.xsd Edgar Link pending
sypr20220703_10q.htm Edgar Link pending
sypr20220703_10q_htm.xml Edgar Link completed
sypr-20220703_cal.xml Edgar Link unprocessable
sypr-20220703_def.xml Edgar Link unprocessable
sypr-20220703_lab.xml Edgar Link unprocessable
sypr-20220703_pre.xml Edgar Link unprocessable