Sypris Solutions, Inc. (Sypris) is a provider of outsourced services and specialty products. The Company offers a range of manufacturing, engineering, design and other technical services. It operates through two segments: the Industrial Group and the Electronics Group. The Industrial Group, which consists of Sypris Technologies, Inc. and its subsidiaries, engages in sale of goods and manufacturing services to customers in the market for truck components and assemblies and from the sale of products to the energy and chemical markets. The Electronics Group, which consists of Sypris Electronics, LLC and its subsidiary, engages in sale of manufacturing services, technical services and products to customers in the market for aerospace and defense electronics. It also offers products, including light weight axle components, digital and analog data systems, and encryption devices used in military applications, cyber security training and identity authentication solutions, among others.

Sypris Solutions is headquartered in Louisville, US

Sypris Solutions has offices in Louisville, Tampa, Columbia, West Lafayette and in 2 other locations

Tampa, US (HQ)

10901 Mc Kinley Dr

Louisville, US (HQ)

450 101 Bullitt Ln

Tlalnepantla De Baz, MX

Toluca

Louisville, US

2612 Howard St

Louisville, US

2820 W Broadway

København, DK

39 Havnegade

Sypris Solutions's revenue was reported to be $18.2 m in Q1, 2017

USD

## Revenue (Q1, 2017) | 18.2 m |

## Gross profit (Q1, 2017) | (690 k) |

## Gross profit margin (Q1, 2017), % | (4%) |

## Net income (Q1, 2017) | (3.3 m) |

## EBIT (Q1, 2017) | (5.1 m) |

## Market capitalization (21-Jul-2017) | 33.3 m |

## Cash (02-Apr-2017) | 16.7 m |

Sypris Solutions's current market capitalization is $33.3 m.

- Source: SEC Filings

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Revenue | 310.7 m | 354.8 m | 145.3 m | 91.8 m |

## Revenue growth, % | 14% | (59%) | (37%) | |

## Cost of goods sold | 280.7 m | 315.9 m | 145 m | 91 m |

## Gross profit | 30.1 m | 38.8 m | 318 k | 749 k |

## Gross profit Margin, % | 10% | 11% | 0% | 1% |

## R&D expense | 330 k | |||

## General and administrative expense | 22 m | |||

## Operating expense total | 22.3 m | |||

## EBIT | (10.4 m) | 2.7 m | (29.6 m) | (22.8 m) |

## EBIT margin, % | (3%) | 1% | (20%) | (25%) |

## Interest expense | 522 k | 617 k | 4.2 m | 4.9 m |

## Pre tax profit | 3.4 m | (25.2 m) | 6.3 m | |

## Income tax expense | (93 k) | |||

## Net Income | (9.9 m) | (1.2 m) | (27.2 m) | 6 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 93.1 m | 90.2 m | 37 m | 40.8 b | 38.4 b | 26.9 m | 23.5 b | 21.4 b | 18.2 m |

## Cost of goods sold | 82.3 m | 82 m | 40.2 m | 40.8 b | 36 b | 26.2 m | 22.8 b | 22.1 b | 18.9 m |

## Gross profit | 10.8 m | 8.2 m | (3.2 m) | (34 m) | 2.5 b | 727 k | 722 m | (721 m) | (690 k) |

## Gross profit Margin, % | 12% | 9% | (9%) | (0%) | 6% | 3% | 3% | (3%) | (4%) |

## R&D expense | 10 k | 116 k | 333 k | 195 m | 119 m | 124 k | 90 m | 104 m | 22 k |

## General and administrative expense | 9.1 m | 8.3 m | 9.1 m | 7.3 b | 6 b | 6.5 m | 5.2 b | 5.2 b | 3.4 m |

## Operating expense total | 9.2 m | 8.4 m | 9.5 m | 7.5 b | 6.1 b | 6.6 m | 5.3 b | 5.3 b | 3.4 m |

## EBIT | 1.7 m | (180 k) | (12.9 m) | (7.8 b) | (4.1 b) | (6.4 m) | (4.6 b) | (6 b) | (5.1 m) |

## EBIT margin, % | 2% | (0%) | (35%) | (19%) | (11%) | (24%) | (20%) | (28%) | (28%) |

## Interest expense | 155 k | 179 k | 334 k | 1.2 b | 1.8 b | 876 k | 964 m | 2.8 b | 188 k |

## Pre tax profit | (13 m) | (8.4 b) | |||||||

## Income tax expense | 1.1 m | 1.2 m | 2.3 b | 1 m | |||||

## Net Income | 370 k | (1.2 m) | (13 m) | (8.4 b) | (274 m) | (5.1 m) | (5.2 b) | 21 b | (3.3 m) |

- Source: SEC Filings

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 18.7 m | 7 m | 1.3 m | 15.3 m |

## Accounts Receivable | 38.5 m | 47.7 m | 12.4 m | 8 m |

## Inventories | 14.6 m | |||

## Current Assets | 97 m | 89.4 m | 41.6 m | 42.9 m |

## PP&E | 44.7 m | 37.7 m | 22.2 m | 17.9 m |

## Total Assets | 146.3 m | 129.7 m | 68.1 m | 62.6 m |

## Accounts Payable | 36.7 m | 39 m | 11.3 m | 7 m |

## Total Debt | 24 m | 17 m | 13.8 m | 3.2 m |

## Current Liabilities | 60.5 m | 74.8 m | 26.8 m | 17.7 m |

## Total Liabilities | 36.5 m | |||

## Common Stock | 204 k | 206 k | 208 k | 213 k |

## Additional Paid-in Capital | 150.6 m | 151.3 m | 152.1 m | 153.3 m |

## Retained Earnings | (76.8 m) | (79.6 m) | (106.8 m) | (100.8 m) |

## Total Equity | 56.3 m | 46.9 m | 19.7 m | 26.1 m |

## Debt to Equity Ratio | 0.4 x | 0.4 x | 0.7 x | 0.1 x |

## Debt to Assets Ratio | 0.2 x | 0.1 x | 0.2 x | 0.1 x |

## Financial Leverage | 2.6 x | 2.8 x | 3.5 x | 2.4 x |

USD | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|

## Cash | 1.6 m | 1.8 m | 2.3 m | 1.8 m | 21.1 m | 16.7 m |

## Accounts Receivable | 13.2 m | 13.6 m | 13.5 m | 12.3 m | 8.8 m | 9 m |

## Inventories | 24.5 m | 23.3 m | 20.8 m | 20.6 m | 15.2 m | 19.5 m |

## Current Assets | 56.1 m | 43.6 m | 46 m | 44.3 m | 49.7 m | 50 m |

## PP&E | 27.8 m | 26.5 m | 24.2 m | 22.3 m | 20.9 m | 17.4 m |

## Total Assets | 87.9 m | 72.7 m | 73.4 m | 69.8 m | 72.7 m | 69.4 m |

## Accounts Payable | 15 m | 12.8 m | 10.3 m | 10.9 m | 9.5 m | 12.7 m |

## Current Liabilities | 55.5 m | 28.7 m | 29.5 m | 32.2 m | 22.5 m | 26.4 m |

## Common Stock | 214 k | |||||

## Additional Paid-in Capital | 151.7 m | 152 m | 152.4 m | 152.8 m | 153.1 m | 153.4 m |

## Retained Earnings | (101 m) | (101.3 m) | (111.9 m) | (117.1 m) | (96.1 m) | (104.1 m) |

## Total Equity | 24.8 m | 23.8 m | 14.9 m | 9.4 m | 30.2 m | 23.8 m |

## Financial Leverage | 3.5 x | 3.1 x | 4.9 x | 7.4 x | 2.4 x | 2.9 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | (9.9 m) | (1.2 m) | (27.2 m) | 6 m |

## Depreciation and Amortization | 30 k | 10.4 m | 9 m | 6.3 m |

## Accounts Receivable | (19 k) | (9.1 m) | 24.7 m | 4.1 m |

## Inventories | (1.7 m) | 4.3 m | 5.4 m | (1.8 m) |

## Accounts Payable | 705 k | 2.4 m | (13.4 m) | (4.3 m) |

## Cash From Operating Activities | (293 k) | (11.7 m) | (13.4 m) | |

## Capital Expenditures | (5.1 m) | (5.3 m) | (1.8 m) | (1.8 m) |

## Cash From Investing Activities | (2.8 m) | (5.2 m) | 13.9 m | 48.3 m |

## Dividends Paid | (1.2 m) | (1.6 m) | (410 k) | |

## Cash From Financing Activities | 3.1 m | (9.5 m) | (6.1 m) | (15.1 m) |

## Free Cash Flow | (5.3 m) | (16.9 m) | (15.3 m) |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | 370 k | (1.2 m) | (13 m) | (8.4 b) | (274 m) | (5.1 m) | (5.2 b) | 21 b | (3.3 m) |

## Accounts Receivable | 9 m | ||||||||

## Accounts Payable | 12.7 m |

Y, 2017 | |
---|---|

## Financial Leverage | 2.9 x |

Sypris Solutions's Facilities was reported to be 4 in FY, 2016

- Source: SEC Filings