TechPrecision Q1 net sales $7.4M (+4% YoY); net loss $527K; backlog $46.3M

TECHPRECISION CORP

2024-Q1 EPS reported -$0.06 revenue$7,371,240

Net sales $7.4M, +4% YoY; net loss $527K or $0.06 per share.
Consolidated backlog $46.3M as of June 30, 2023, expected to deliver over 1-3 fiscal years.
Stadco net sales $3.0M (+26% YoY); gross loss improved to $588K from $1.023M.
Ranor net sales $4.5M (-5% YoY) due to less favorable project mix.
Total debt $7.6M vs. $6.1M at March 31, 2023; working capital $4.9M.

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 0.95

TECHPRECISION CORP reported first quarter of fiscal year 2024 results: revenue $7.4 million, EPS $ 0.06.

Period: first quarter of fiscal year 2024
Revenue: $7.4 million
EPS: $ 0.06
Result: reported results

Exact text from the filing

remains high, driving a strong backlog increase. Total consolidated backlog is at a strong $46.3 million as of June 30, 2023. First quarter consolidated net sales were $7.4 million, or 4% higher when compared to $7.1 million in fiscal 2023 first quarter,” stated Alexander Shen, TechPrecision’s Chief Executive Officer. “On a consolidated basis, we had a net

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Source: SEC EDGAR

accession 0001104659-23-093903

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