Sypris swings to $4.1M Q1 loss as Electronics segment posts negative margin

Filed May 19, 2026 · Period ending April 5, 2026 · ~2 min read

Key Changes

• high

  Net loss widened 359% to $4.1M in Q1 2026 vs $0.9M prior year, driven by 16% revenue decline across both segments and gross margin compression. Operating loss expanded from $0.1M to $3.6M.

  MD&A: Financial Results verify on EDGAR →
• high

  Electronics segment swung to $0.6M gross loss (negative 4.5% margin) from $1.3M profit in Q1 2025, as component shortages and customer design changes delayed deliveries and caused material scrap from expired inventory.

  MD&A: Segment Performance verify on EDGAR →
• high

  Company burned $2.3M operating cash in Q1 2026 and relies on $12M in related-party loans from CEO-controlled entity plus $1.2M Mexican bank loan. Management believes current liquidity sufficient for 12 months but has contingency plans for further cost cuts or debt issuance.

  MD&A: Liquidity verify on EDGAR →