secwatch.observer — SEC 8-K summary
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Issuer:     TECHPRECISION CORP (TPCS)
CIK:        0001328792
Form:       8-K
Filed at:   2024-09-16T23:59:59+00:00
Accession:  0001104659-24-100234
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1328792/000110465924100234/0001104659-24-100234-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1328792/000110465924100234/tm2424155d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-100234

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