TechPrecision Corp

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Earnings data Q2 2025

TechPrecision Corp reports mixed Q1 results, focuses on operational improvements

TechPrecision Corp faced challenges in Q1 2025, particularly with Stadco's performance, leading to operating and net losses.
Despite these setbacks, the company's diversified portfolio and revenue growth showcase resilience and potential for improvement.
Addressing operational issues, improving cost efficiencies, and enhancing transparency post-proxy contest are key focus areas for future growth.

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Techprecision Corp. engages in the business of metal fabrication and precision machining. It focuses on the manufacture of precision, large-scale fabricated and machined metal components and systems. The company was founded by Andrew A. Levy in February 2005 and is headquartered in Westminster, MA.

TechPrecision Corporation (NASDAQ:TPCS ) Q1 2025 Earnings Conference Call November 14, 2024 4:30 PM ET Company Participants Brett Maas - MD, Hayden IR Alex Shen - CEO Richard Roomberg - CFO Conference Call Participants Operator Greetings. Welcome to the TechPrecision First Quarter 2025 Financial Results Conference Call.

TechPrecision Corporation (TPCS) Q1 2025 Earnings Call Transcript

Revenue increased 8% year-over-year, Customer confidence remains high Management to host conference call at 4:30 p.m. ET on Thursday, November 14 WESTMINSTER, MA / ACCESSWIRE / November 12, 2024 / TechPrecision Corporation (NASDAQ:TPCS) ("TechPrecision" or "the Company"), a custom manufacturer of precision, large-scale fabrication components and precision, large-scale machined metal structural components.

TechPrecision Corporation Reports FY 2025 First Quarter Financial Results

WESTMINSTER, MA / ACCESSWIRE / October 14, 2024 / Today, TechPrecision Corporation (Nasdaq:TPCS) ("TechPrecision" or "we," "us" or "our") announces the following. 2024 Annual Meeting The Company will hold its 2024 Annual Meeting of Stockholders on Thursday December 19, 2024, at 10:00 a.m.

TechPrecision Announces Annual Meeting Date and Advises Regarding Filing of FY25 Q1 and Q2 10-Q Reports and S-1

WESTMINSTER, MA / ACCESSWIRE / September 23, 2024 / Today, TechPrecision Corporation (Nasdaq:TPCS) ("TechPrecision" or "we," "us" or "our") announced that it has appointed a new Chief Financial Officer (CFO). TechPrecision is proud to announce that on September 19, 2024, it entered into an employment agreement with Richard D.

TechPrecision Announces New Chief Financial Officer

Backlog increased to $50 million, Customer confidence remains high WESTMINSTER, MA / ACCESSWIRE / September 16, 2024 / TechPrecision Corporation (NASDAQ:TPCS) ("TechPrecision" or "the Company"), an industry-leading manufacturer of precision, large-scale fabricated and machined metal components and tested systems with customers in the defense and precision industrial sectors, today reported financial results for the fourth quarter and fiscal year ended March 31, 2024. Due to restrictions as to what we can speak about while the Q1FY25 financials are pending, we will not hold a press conference until those are filed.

TechPrecision Corporation Reports FY 2024 Fourth Quarter and Year End Financial Results

WESTMINSTER, MA / ACCESSWIRE / August 27, 2024 / TechPrecision Corporation (NASDAQ:TPCS) ("TechPrecision" or "the Company"), today announced it received a notice (the "Notice") on August 21, 2024 from the Listing Qualifications Department of The Nasdaq Stock Market ("Nasdaq") notifying the Company that it is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Rule") because it had not timely filed its Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2024 (the "Form 10-Q") with the Securities and Exchange Commission (the "SEC"). NASDAQ NOTICE AND FINANCIAL REPORTING ISSUES As previously disclosed on a Current Report on Form 8-K filed by the Company on July 22, 2024, the Company received a notice (the "Initial Notice") from Nasdaq on July 16, 2024 notifying the Company that due to the failure to timely file its Annual Report on Form 10-K for the fiscal year ended March 31, 2024 (the "Form 10-K") with the SEC, the Company was not in compliance with the Rule.

TechPrecision Corporation Receives Expected Notification From Nasdaq Related to Delayed Quarterly Report, Addresses Financial Reporting Challenges, and Advises on Annual Meeting

WYNNEFIELD HIGHLIGHTS TWO DIRECTOR NOMINEES TO ADDRESS TECHPRECISION'S DISMAL STOCKHOLDER RETURNS, RECENT M&A DEBACLES AND LACK OF TRANSPARENCY Launches Campaign Website at www.rebuildTPCScredibility.com NEW YORK , July 30, 2024 /PRNewswire/ -- Wynnefield Partners Small Cap Value, L.P. I and its affiliates ("Wynnefield"), and Robert D.

WYNNEFIELD SEEKS TO REBUILD TECHPRECISION CREDIBILITY FOR ALL STOCKHOLDERS

WESTMINSTER, MA / ACCESSWIRE / July 22, 2024 / TechPrecision Corporation (NASDAQ:TPCS) ("TechPrecision" or "the Company"), today announced it received a standard notice (the "Notice") on July 18, 2024 from the Listing Qualifications Department of The Nasdaq Stock Market ("Nasdaq") stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) because it had not timely filed its Annual Report on Form 10-K for the fiscal year ended March 31, 2024 (the "Form 10-K") with the Securities and Exchange Commission (the "SEC") on or before July 16, 2024, the extended period provided for the filing under Rule 12b-25(b) of the Securities Exchange Act of 1934, as amended. The Notice indicated that the Company has 60 calendar days, or until September 16, 2024, to submit a plan to regain compliance and that Nasdaq can grant an exception of up to 180 calendar days from the Form 10-K due date, or until January 13, 2025, to regain compliance.

TechPrecision Corporation Receives Expected Notification From Nasdaq Related to Delayed Annual Report

WESTMINSTER, MA / ACCESSWIRE / July 8, 2024 / TechPrecision Corporation (NASDAQ:TPCS) ("TechPrecision" or "we," "us" or "our"), announced today that it has entered into a securities purchase agreement with certain accredited investors for the purchase of 666,100 shares of its common stock and warrants to purchase up to an aggregate of 666,100 shares of common stock, in a private placement. The combined purchase price for one share of common stock and a warrant to purchase one share of common stock was $3.45.

TechPrecision Announces Pricing and Closing of $2.3 Million Private Placement

WESTMINSTER, MA / ACCESSWIRE / July 1, 2024 / TechPrecision Corporation (Nasdaq:TPCS) ("TechPrecision" or the "Company," "we," "us" or "our") today announced unaudited preliminary Q4 2024 financial information and disclosed it had filed form 12b-25 for a 15 day extension to timely file their Form 10K for the fiscal year ended March 31, 2024. Q4 FY 2024 Unaudited Preliminary financial information The unaudited preliminary financial information for the three months ended March 31, 2024 is as follows.

TechPrecision Announces Preliminary Q4 2024 Financials and Filing of Form 12b-25 to Extend Time to File FY 2024 Annual Report

Discloses Cleansing Information Provided in Connection with Abandoned Votaw Acquisition Financing WESTMINSTER, MA / ACCESSWIRE / April 8, 2024 / TechPrecision Corporation (NASDAQ:TPCS) ("TechPrecision" or the "Company," "we," "us" or "our") today announced the termination of the Stock Purchase Agreement ("SPA") dated November 22, 2023, between TechPrecision and Doerfer Corporation ("Doerfer") to acquire Votaw Precision Technologies, Inc. ("Votaw"). Termination of SPA On Tuesday April 2, 2024, Doerfer simultaneously notified us that it was terminating the SPA effective immediately and by separate term sheet offered to reinstate the SPA and extend the outside closing date in exchange for material concessions from the Company.

TechPrecision Announces Termination of Agreement to Acquire Votaw Precision Technologies

WESTMINSTER, MA / ACCESSWIRE / March 1, 2024 / TechPrecision Corporation (NASDAQ:TPCS) ("TechPrecision" or "we," "us" or "our") today announced that on February 26, 2024, TechPrecision Corporation (the "Company") received a notice (the "Notice") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) because it had not timely filed its Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2023 (the "Q3 Form 10-Q") with the Securities and Exchange Commission (the "SEC") on or before February 20, 2024, the extended period provided for the filing under Rule 12b-25(b) of the Securities Exchange Act of 1934, as amended. The Notice indicated that the Company has 60 calendar days, or until April 26, 2024, to submit a plan to regain compliance and that Nasdaq can grant an exception of up to 180 calendar days from the Q3 Form 10-Q due date, or until August 12, 2024, to regain compliance.

TechPrecision Announces Receipt of Nasdaq Listing Determination; Expects Deficiency to Be Cured with Filing of Q3 Form 10-Q Today

TechPrecision Corporation (TPCS) Q3 2024 Earnings Call Transcript

Backlog increased to $50.8 million, Customer confidence remains high WESTMINSTER, MA / ACCESSWIRE / February 29, 2024 / TechPrecision Corporation (NASDAQ:TPCS) ("TechPrecision" or "the Company"), an industry-leading manufacturer of precision, large-scale fabricated and machined metal components and tested systems with customers in the defense and precision industrial sectors, today reported financial results for the third quarter of fiscal year 2024. "Customer confidence remains high, further strengthening the backlog to $50.8 million as of December 31, 2023, from $44.6 million as of September 30, 2023," stated Alexander Shen, TechPrecision's Chief Executive Officer.

TechPrecision Corporation Reports FY 2024 Third Quarter Financial Results

WESTMINSTER, MA / ACCESSWIRE / February 28, 2024 / TechPrecision Corporation (NASDAQ:TPCS) ("TechPrecision" or "the Company"), an industry-leading manufacturer of precision, large-scale fabricated and machined metal components and tested systems with customers in the defense and precision industrial sectors, today announced it will release financial results for its 2024 fiscal third quarter on Thursday, February 29, 2024. The Company will hold a conference call at 4:30 p.m.

TechPrecision Corporation Schedules Conference Call to Report Fiscal 2024 Third Quarter Financial Results

Three Year Consolidated Forecast Votaw November and December 2023 Unaudited Summary Financials Status of Filing Fiscal Year 2024 Q3 10-Q WESTMINSTER, MA / ACCESSWIRE / February 22, 2024 / TechPrecision Corporation (NASDAQ:TPCS) ("TechPrecision" or "the Company," "we," "us" or "our") today provided additional financial information in connection with the company's pending acquisition of Votaw Precision Technologies, Inc. ("Votaw") and the filing of its FY24 Q3 financial results on Form 10-Q. In accord with its previous statements that the information the Company provides to shareholders may change as certain stages in the planned acquisition of Votaw are reached, the Company is releasing pro forma guidance for the combined businesses, as if the business combination/acquisition has occurred, for its fiscal years 2025, 2026 and 2027.

TechPrecision Provides Additional Financial Information in Connection with Pending Acquisition of Votaw

NEW YORK , Jan. 19, 2024 /PRNewswire/ -- Wynnefield Capital and its affiliates, collectively the largest institutional stockholder of TechPrecision Corporation (NASDAQ: TPCS), with a 4.5% beneficial ownership interest, today issued the following public letter to the Company's Board of Directors. *** January 19, 2024 Wynnefield Capital Demands TechPrecision's Board to Commit That Stockholders Will Vote on the Votaw Transaction Dear Board of Directors, Wynnefield Capital and its affiliates (collectively, "Wynnefield") own 393,857 shares of common stock, or 4.5%, of TechPrecision Corporation (NASDAQ: TPCS) ("TechPrecision" or the "Company") as of December 31, 2023.

WYNNEFIELD CAPITAL IMPLORES TECHPRECISION TO GIVE ALL SHAREHOLDERS A VOICE IN VOTAW PRECISION TECHNOLOGIES TRANSACTION

WESTMINSTER, MA / ACCESSWIRE / January 8, 2024 / Today, TechPrecision Corporation (Nasdaq:TPCS) ("TechPrecision" or "we," "us" or "our") announced the expiration of the 45-day diligence period during which it could have terminated its previously disclosed Stock Purchase Agreement related to the acquisition of Votaw Precision Technologies, Inc. ("Votaw"). Accordingly, we are now committed to closing the Votaw acquisition and are taking this opportunity to expand upon our prior comments while being very aware, and making sure that our shareholders know, that at this point in the process we continue to be limited by the securities laws as to what topics we can discuss.

TechPrecision Provides Update on Status of Votaw Acquisition

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NEW YORK , Dec. 19, 2023 /PRNewswire/ -- Wynnefield Capital and its affiliates, collectively the largest institutional stockholder of TechPrecision Corporation (NASDAQ: TPCS) with a 4.5% beneficial ownership interest, today issued the following public letter to the Company's Board of Directors. *** Wynnefield Capital Concerned TechPrecision is Ignoring its Duty to Stockholders by Failing to Explain Proposed Acquisition of Votaw Precision Technologies.

Wynnefield Capital Expresses Concern that TechPrecision is Neglecting its Duties by Failing to Explain Proposed Acquisition of Votaw Precision Technologies to Stockholders

WESTMINSTER, MA / ACCESSWIRE / December 11, 2023 / TechPrecision Corporation (NASDAQ:TPCS) ("TechPrecision") today announced that it has received preliminary financial results for the fiscal year ended October 31, 2023 of Votaw Precision Technologies, Inc. ("Votaw"). As previously announced, TechPrecision is party to a securities purchase agreement under which TechPrecision agreed to purchase all of the issued and outstanding common stock of Votaw.

TechPrecision Corp. Provides Select Unaudited FY2023 Financial Information for Votaw Precision Technologies, Inc.

NEW YORK , Dec. 7, 2023 /PRNewswire/ -- Wynnefield Capital and its affiliates, collectively the largest institutional stockholder of TechPrecision Corporation (NASDAQ: TPCS), with a 4.5% beneficial ownership interest, today issued the following public letter to the Company's Board of Directors. *** Wynnefield Capital: Demands TechPrecision Hold Public Conference Call to Explain Proposed Acquisition of Votaw Precision Technologies to Stockholders.

WYNNEFIELD CAPITAL COMPELLED TO SEND OPEN LETTER TO TECHPRECISION BOARD

VOTAW IS A LEADING SUPPLIER OF HIGHLY ENGINEERED SPACE, DEFENSE AND AEROSPACE HARDWARE AND MISSION CRITICAL COMPONENTS Expected to More Than Double Revenue and EBITDA(1) Anticipated to Strengthen and Increase Strategic Capabilities in the Defense and Aerospace Industries Will Add Tactical Capacity for Growth WESTMINSTER, MA / ACCESSWIRE / November 29, 2023 / TechPrecision Corporation (NASDAQ:TPCS) ("TechPrecision" or "the Company") today announced that it has entered into a definitive agreement (the "SPA") to purchase all of the outstanding shares of Votaw Precision Technologies, Inc. ("Votaw"). Located in Santa Fe Springs, CA, Votaw is a privately-held operating company of Doerfer Corporation ("Seller").

Techprecision Signs Definitive Agreement to Acquire Votaw Precision Technologies

TechPrecision Corporation (NASDAQ:TPCS ) Q2 2024 Earnings Conference Call November 20, 2023 4:30 PM ET Company Participants Brett Maas - Managing Director, Hayden IR Alex Shen - Chief Executive Officer Bobby Lilley - Chief Financial Officer Conference Call Participants Mark Gomes - Pipeline Data Rob Straus - Winfield Capital Kris Tuttle - Caterpillar Investments Greg Schlatter - Private Investor Ross Taylor - ARS Investment Partners. Richard Greulich - REG Capital Advisors Operator Greetings, and welcome to the TechPrecision Corporation Second Quarter Fiscal 2024 Earnings Call.

TechPrecision Corporation (TPCS) Q2 2024 Earnings Call Transcript

Backlog at $45 million, Customer confidence remains high WESTMINISTER, MA / ACCESSWIRE / November 20, 2023 / TechPrecision Corporation (NASDAQ:TPCS) ("TechPrecision" or "the Company"), an industry-leading manufacturer of precision, large-scale fabricated and machined metal components and tested systems with customers in the defense and precision industrial sectors, today reported financial results for the second quarter of fiscal year 2024. "Customer confidence remains high, driving a strong backlog of $44.6 million as of September 30, 2023," stated Alexander Shen, TechPrecision's Chief Executive Officer.

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