TechPrecision FY2024: operating loss $4.6M, debt covenant violated, working capital negative $2.9M

TECHPRECISION CORP

Q4 net sales $8.6M (+15% YoY); full-year net sales $31.6M (+1%).
Full-year operating loss $4.6M vs loss $1.1M; Q4 loss $2.5M vs $0.7M.
SG&A includes $1.1M breakup fee and $1.9M due diligence costs from terminated Votaw acquisition.
Cash $0.1M; working capital negative $2.9M due to $7.6M debt reclassified to current on covenant violation.
Backlog $50M; company expects to deliver backlog over 1-3 years with gross margin expansion.

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