Yahoo Finance Sypris Solutions Full Year 2023 Earnings: US$0.073 loss per share (vs US$0.12 loss in FY 2022)
Sypris Solutions (NASDAQ:SYPR) Full Year 2023 Results
Key Financial Results
Revenue: US$136.2m (up 24% from FY 2022).
Net loss: US$1.60m (loss narrowed by 36% from FY 2022).
US$0.073 loss per share (improved from US$0.12 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
The primary driver behind last 12 months revenue was the Sypris Technologies segment contributing a total revenue of US$77.9m (57% of total revenue). Notably, cost of sales worth US$119.0m amounted to 87% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$16.3m (86% of total expenses). Explore how SYPR's revenue and expenses shape its earnings.
Sypris Solutions shares are down 4.6% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Sypris Solutions has 2 warning signs (and 1 which is significant) we think you should know about.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
