---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-071601"
form_type: "8-K"
ticker: "TPCS"
cik: "0001328792"
company_name: "TECHPRECISION CORP"
filed_at: "2023-06-15T23:59:59+00:00"
generated_at: "2026-06-13T23:51:42.772365+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# TechPrecision FY2023 revenue up 41% to $31.4M; Stadco losses weigh on profitability

## Summary
- FY2023 net sales $31.4M (up $9.1M YoY); backlog strong at $44.0M expecting delivery over 1-3 years.
- Gross profit $4.9M (+45% YoY) but margin only 15.6%; Ranor gross profit $7.0M offset by Stadco losses.
- Stadco net sales $12.2M but negative gross profit due to startup issues and equipment downtime.
- Q4 2023 net sales $7.5M flat YoY; operating loss widened to $0.7M from $0.3M due to unabsorbed overhead.
- Cash $0.5M; working capital improved to $5.6M; total debt reduced to $6.1M from $7.4M.

## SEC filing metadata
- accession: 0001104659-23-071601
- form_type: 8-K
- ticker: TPCS
- cik: 0001328792
- company_name: TECHPRECISION CORP
- filed_at: 2023-06-15T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1328792/000110465923071601/0001104659-23-071601-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1328792/000110465923071601/tm2318715d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-071601
- JSON: https://secwatch.observer/filing/0001104659-23-071601.json
- Plain text: https://secwatch.observer/filing/0001104659-23-071601.txt

## Key facts
- Earnings Releases
  TECHPRECISION CORP reported financial results for the fourth quarter and fiscal year ended March 31, 2023.
  - Period: the fourth quarter and fiscal year ended March 31, 2023
  - Result: reported results
  source text: On June 15, 2023, TechPrecision Corporation issued a press release announcing its financial results for the fourth quarter and fiscal year ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1328792/000110465923071601/0001104659-23-071601-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.