secwatch.observer — SEC 8-K summary
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Issuer:     TECHPRECISION CORP (TPCS)
CIK:        0001328792
Form:       8-K
Filed at:   2023-08-21T23:59:59+00:00
Accession:  0001104659-23-093903
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1328792/000110465923093903/0001104659-23-093903-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1328792/000110465923093903/tm2324135d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-093903

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer