---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-119910"
form_type: "8-K"
ticker: "TPCS"
cik: "0001328792"
company_name: "TECHPRECISION CORP"
filed_at: "2023-11-20T23:59:59+00:00"
generated_at: "2026-06-07T23:16:25.850043+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# TechPrecision Q2 net loss $528K; backlog $44.6M; debt covenant violation

## Summary
- Net sales $8.0M, down 6% YoY; net loss $528K ($0.06 per share).
- Backlog $44.6M as of Sep 30, 2023, with delivery expected over 1-3 fiscal years.
- Operating loss widened to $0.6M from $0.1M a year ago; gross profit down 41%.
- Debt covenant violation led to reclassification of all long-term debt as current; total debt $7.1M.
- Working capital negative at Sep 30, 2023 vs positive $5.6M at Mar 31, 2023.

## SEC filing metadata
- accession: 0001104659-23-119910
- form_type: 8-K
- ticker: TPCS
- cik: 0001328792
- company_name: TECHPRECISION CORP
- filed_at: 2023-11-20T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1328792/000110465923119910/0001104659-23-119910-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1328792/000110465923119910/tm2331100d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-119910
- JSON: https://secwatch.observer/filing/0001104659-23-119910.json
- Plain text: https://secwatch.observer/filing/0001104659-23-119910.txt

## Key facts
- Earnings Releases
  TECHPRECISION CORP reported second quarter ended September 30, 2023 results: revenue $8.0 million, net income net loss of $528,000, EPS $0.06 per share.
  - Period: second quarter ended September 30, 2023
  - Revenue: $8.0 million
  - Net income: net loss of $528,000
  - EPS: $0.06 per share
  - Result: reported results
  source text: driving a strong backlog of $44.6 million as of September 30, 2023,” stated Alexander Shen, TechPrecision’s Chief Executive Officer. “Second quarter consolidated net sales were $8.0 million when compared to $8.5 million in the fiscal 2023 second quarter, or 6% lower” “Ranor reported net sales of $4.5 million or a 9% decrease from the second quarter of fiscal 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1328792/000110465923119910/0001104659-23-119910-index.htm

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