TechPrecision Corporation

Fiscal 2027 first-quarter consolidated revenue was $9.1 million, up 23% from $7.4 million a year ago. Consolidated gross profit was $1.4 million, up 36% year over year, and net loss was about $153,000, or $0.02 per share on a basic and diluted basis. Consolidated SG&A declined 3% to $1.4 million, and interest expense fell 21%. By segment, Ranor revenue increased 27% to $5.5 million and Stadco revenue increased 22% to $4.1 million; Ranor gross profit was $1.6 million and Stadco gross profit rose 65% year over year to improve by $300,000. Cash on June 30 was $279,000 versus $431,000 on March 31, total debt was $5.0 million versus $7.0 million, and operating and investment activities provided $1.9 million of cash while financing used $2.0 million. Management said it remains on track with fiscal 2027 guidance given in June 2026, and expects to deliver the $52 million backlog over the next 1 to 3 fiscal years with gross margin expansion.

Alex Shen framed the quarter as proof that the company is executing better on both operations and customer relationships. He highlighted stronger revenue, higher gross profit, a better project mix at Stadco, and continued investment at Ranor supported by more than $24 million in Navy submarine-program-related grants. His tone was cautiously optimistic: he said the company is showing progress, has more work to do at Stadco to get into the black, and is targeting a sustainable trend.

Phil Podgorski emphasized that revenue growth translated into improved profitability and better financial control. He cited SG&A down 3% to $1.4 million, interest expense down 21%, and a net loss of about $153,000, or $0.02 per share. On cash and capital structure, he said operating and investment activities provided $1.9 million, financing used $2.0 million, total debt fell to $5.0 million from $7.0 million, and cash ended at $279,000. He also pointed to a stronger estimate-to-complete process and earlier customer engagement to reduce surprises and protect margins, especially on first articles.

Analyst Ross Taylor focused on whether Stadco’s loss-making contracts and parts were being cleaned up, and management said “great progress” has been made across the board, with customer-approved price adjustments helping results. Taylor also pressed on whether older contracts are rolling off and whether substandard customer-furnished material is hurting efficiency; management agreed both factors contribute and said newer contracts now face more rigor in quoting and execution. The Q&A also covered new business opportunities and capacity expansion: management said new quotes are coming from both existing and new customers, and that progress is being made on potential capital or equipment support for higher production, though details were not yet public.