TPCS
TechPrecision Corporation4.4550
-0.0450-1%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
44.61MP/E (TTM)
-Basic EPS (TTM)
-0.05Dividend Yield
0%Recent Filings
8-K
Annual meeting date advanced
TechPrecision Corporation set its 2025 Annual Meeting of Stockholders for October 28, 2025, virtually, with October 1 as the record date—earlier than the prior December 19, 2024, gathering. This shift resets deadlines: Rule 14a-8 proposals due by October 1, 2025, while bylaw submissions like director nominations must arrive by September 28, 2025. Deadlines tightened fast. Shareholders now face a compressed window to influence board matters under updated Exchange Act rules.
8-K
Revolver maturity extended
TechPrecision Corporation extended the maturity of its $4,500,000 revolving line of credit with Berkshire Bank from August 29, 2025, to January 16, 2026, via a twelfth amendment executed on August 28, 2025. This short-term relief addresses ongoing covenant breaches in debt service coverage and leverage ratios since late 2023. Lenders hold all rights amid defaults. Extension buys time.
8-K
Q1 revenue down, margins up
TechPrecision Corporation reported Q1 fiscal 2026 results on August 21, 2025, with revenue dipping 8% to $7.4 million amid lower Stadco output, yet gross profit surged to $1.0 million on a 14% margin—up from 3% last year—thanks to productivity gains at both segments. Backlog hit $50.1 million, signaling robust defense demand over the next 1-3 years. Gross margins expanded sharply. Negative working capital persists from debt covenant issues.
10-Q
Q1 FY2026 results
TechPrecision's Q1 FY2026 revenue dipped 8% y/y to $7.4M, yet gross profit surged 331% to $1.0M with margins expanding to 14.0% from 3.0%, driven by lower loss provisions at Ranor and Stadco. Operating loss narrowed to $0.5M from $1.3M, while net loss improved to $0.06 per diluted share from $0.16, reconciled against 9.8M weighted shares. Operating cash flow rose to $0.6M, but free cash flow not disclosed in the 10-Q; capex hit $1.3M offset by $2.2M reimbursements. Liquidity stands at $1.9M available under the revolver amid covenant breaches classifying all $5.8M debt as current, with cash at $0.1M. The terminated Votaw acquisition left a $1.5M stock-based breakup fee in prior year. Covenant defaults pose repayment risks.
8-K
Governance updates at TechPrecision
TechPrecision Corporation amended its 2016 Equity Incentive Plan on August 8, 2025, to eliminate stock option repricing without stockholder approval, tightening executive compensation controls. The company also restated its bylaws that day, adopting a majority vote standard for uncontested director elections while keeping plurality for contested ones, and allowing 20% stockholders to call special meetings. These changes enhance governance accountability. No financial impacts disclosed.
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