TechPrecision Q3 net sales up 28% to $8.3M; swings to operating income $0.3M

TECHPRECISION CORP

2023-Q3 EPS reported $0.00 revenue$23,926,349

Net sales $8.3M (+28% YoY), driven by strong Ranor segment revenue of $4.7M.
Gross profit $1.5M vs $0.5M; gross margin improved on profitable project mix at Ranor.
Operating income $0.3M vs operating loss of $1.1M in prior year quarter.
Backlog $43.9M as of Dec 31, 2022; expected to deliver over 1-3 fiscal years.
NASDAQ uplist application and reverse stock split filing pending, no assurance of approval.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TECHPRECISION CORP reported third quarter of fiscal year 2023 ended December 31, 2022 results: revenue $8.3 million.

Period: third quarter of fiscal year 2023 ended December 31, 2022
Revenue: $8.3 million
Result: reported results

Exact text from the filing

and precision industrial sectors, today reported financial results for the third quarter of fiscal year 2023 ended December 31, 2022. “Third quarter consolidated net sales were $8.3 million or 28% higher when compared to $6.5 million in same quarter a year ago,” stated Alexander Shen, TechPrecision’s Chief Executive Officer. “Our Ranor segment reported a strong

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TECHPRECISION CORP reported nine months ended December 31, 2022 results: revenue $23.9 million.

Period: nine months ended December 31, 2022
Revenue: $23.9 million
Result: reported results

Exact text from the filing

Fiscal 2023 Nine Months Ended December 31, 2022 Consolidated Financial Results · Net sales were $23.9 million

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3 earnings releases filed in the last 30 days. Browse all earnings releases →

TECHPRECISION CORP filing history →

Source: SEC EDGAR

accession 0001104659-23-021621

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