LOUISVILLE, KY -- Sypris Solutions said second-quarter revenue at its Electronics Group was $9.4 million in the second quarter, an increase of 22%, from the prior year.

The company saw higher demand for data systems branded products during the period. Gross profit for the second quarter was a loss of $0.6 million as compared to a loss of $0.5 million for the same period in 2013.

For the period ended June 29, the company reported consolidated net income of $400,000, up from net loss of $1.5 million a year ago. Consolidated revenue increased 13% to $93.1 million, and gross margin expanded 150 basis points from the prior year to 11.6%.

CEO and president Jeff Gill said, “Our Electronics Group will continue to face near-term revenue challenges until such time as new programs, products and cyber related services achieve sufficient traction to offset the ongoing defense spending uncertainty.”

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