TechPrecision Q3 revenue down 8% to $7.7M; operating loss of $1.0M; backlog rises to $50.8M

TECHPRECISION CORP

2024-Q3 EPS reported -$0.22 revenue$22,990,989

Net sales $7.7M (-8% YoY); operating loss $1.0M vs income $0.3M a year ago.
Gross profit $1.2M, down 23% YoY; $1.0M spent on due diligence for potential acquisition.
Backlog rose to $50.8M from $44.6M at Sept 30, 2023, reflecting continued customer confidence.
Cash $0.4M; total debt $7.6M; working capital negative due to debt covenant violation.
Nine-month net sales $23.0M (-4% YoY); operating loss $2.2M vs $0.4M loss a year ago.

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 third quarter of fiscal year 2024 results: revenue $7.7 million.

Period: third quarter of fiscal year 2024
Revenue: $7.7 million
Result: reported results

Exact text from the filing

three and nine months ended December 31, 2023 to the same prior year period: Consolidated Financial Results - Fiscal 2024 Three Months Ended December 31, 2023 · Net sales were $7.7 million, a or 8% lower when compared to the same period in fiscal 2023, on a different proportionate project mix of products and a decline in utilized labor hours. · Cost of sales were

View on SEC.gov

1052 earnings releases filed in the last 30 days. Browse all earnings releases →

TECHPRECISION CORP filing history →

Source: SEC EDGAR

accession 0001104659-24-029393

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.