TechPrecision Corp

Earnings data Q1 2025

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

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

Volato Group Inc

Shengfeng Development Ltd

The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.

Top 3 Industrials Stocks That Could Blast Off In Q1 - Volato Group (AMEX:SOAR), Shengfeng Development (NASDAQ:SFWL)

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.

TechPrecision Corporation Reports Second Quarter 2024 Financial Results

WESTMINSTER, MA / ACCESSWIRE / November 14, 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 announced it will release financial results for its 2024 fiscal second quarter on Monday, November 20, 2023. The Company will hold a conference call at 4:30 p.m.

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

TechPrecision Corporation (NASDAQ:TPCS ) Q1 2024 Earnings Conference Call August 21, 2023 4:30 PM ET Company Participants Brett Maas - Hayden IR Alexander Shen - Chief Executive Officer Barbara Lilley - Chief Financial Officer Conference Call Participants Rob Straus - Private Investor Ross Taylor - ARS Investment Partners Kris Tuttle - Blue Caterpillar Investments Operator Greetings. Welcome to the TechPrecision Corporation Fiscal 2024 First Quarter Financial Results Conference Call.

TechPrecision Corporation (TPCS) Q1 2024 Earnings Call Transcript

High customer confidence drives strong backlog WESTMINSTER, MA / ACCESSWIRE / August 21, 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 first quarter of fiscal year 2024. "Customer confidence remains high, driving a strong backlog increase.

TechPrecision Corporation Reports First Quarter 2024 Financial Results

WESTMINSTER, MA / ACCESSWIRE / August 14, 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 announced it will release financial results for its 2024 fiscal first quarter on Monday, August 21, 2023. The Company will hold a conference call at 4:30 p.m.

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

TechPrecision Corporation (NASDAQ:TPCS ) Q4 2023 Earnings Conference Call June 15, 2023 4:30 PM ET Company Participants Brett Maas - Hayden IR Alexander Shen - CEO, President & Director Thomas Sammons - CFO Conference Call Participants Kris Tuttle - Blue Caterpillar LLC Mark Gomes - Pipeline Data, LLC Ross Taylor - ARS Investment Partners Richard Greulich - REG Capital Advisors Operator Greetings. Welcome to the TechPrecision Corporation Fourth Quarter Fiscal 2023 Financial Results Conference Call.

TechPrecision Corporation (TPCS) Q4 2023 Earnings Call Transcript

Ranor and Stadco segments drive revenue growth WESTMINSTER, MA / ACCESSWIRE / June 15, 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 fourth quarter and fiscal year 2023 ended March 31, 2023. "Fiscal year 2023 consolidated net sales were $31.4 million, or $9.1 million and 41% higher when compared to $22.3 million in fiscal 2022," stated Alexander Shen, TechPrecision's Chief Executive Officer.

TechPrecision Corporation Reports Fourth Quarter and Fiscal Year 2023 Financial Results

WESTMINSTER, MA / ACCESSWIRE / June 12, 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 announced it will release financial results for its 2023 fiscal fourth quarter and year end on Thursday, June 15, 2023. The Company will hold a conference call at 4:30 p.m.

TechPrecision Corporation Schedules Conference Call to Report Fiscal 2023 Fourth Quarter and Year End Financial Results

WESTMINSTER, MA / ACCESSWIRE / May 31, 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 announced that Thomas Sammons, Chief Financial Officer, has notified the Company that he will retire effective on or about July 14, 2023. Mr. Sammons joined the Company in March 2015 as Vice President, Finance, of the Company's wholly owned subsidiary, Ranor, Inc., and was appointed Chief Financial Officer of the Company effective on October 23, 2015.

TechPrecision Corporation Announces CFO Retirement and Appointment of Successor

WESTMINSTER, MA / ACCESSWIRE / May 4, 2023 / TechPrecision Corporation (OTCQB: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 that its shares of common stock have been approved for listing on The Nasdaq Capital Market ("Nasdaq"). Trading on the exchange will commence effective with the open of business on Friday, May 5, 2023, under TechPrecision's current ticker symbol, "TPCS.

TechPrecision Announces Uplisting to The Nasdaq Capital Market

WESTMINSTER, MA / ACCESSWIRE / February 23, 2023 / TechPrecision Corporation (OTCQB: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 that it will effect a 1-for-4 reverse split of its common stock, which will be effective for trading purposes on the OTCQB Market as of the commencement of trading on February 24, 2023. The reverse stock split was approved by the Company's stockholders on September 14, 2022 at the Company's regular annual meeting of stockholders, with authorization to determine the final ratio having been granted to the Company's Board of Directors.

News for TechPrecision Corp Stock (TPCS)