earnings
confidence high
sentiment negative
materiality 0.70
TechPrecision Q1 FY2025 rev $8.0M (+8% YoY); net loss $1.5M on Stadco operating loss
TECHPRECISION CORP
2025-Q2 EPS reported
-$0.22
revenue$16,932,000
- Revenue $8.0M, +8% YoY; cost of revenue $7.7M, up 16%; gross profit $238K, -66%.
- Operating loss $1.3M at Stadco; net loss $1.5M, impacted by $0.4M non-cash breakup fee from terminated Votaw acquisition.
- Backlog $41.2M at June 30, 2024; management expects delivery over next 1-3 fiscal years with gross margin expansion.
- Cash $45K, working capital negative $1.7M, total debt $7.5M vs negative $2.9M and $7.6M at March 31, 2024.
- Pending proxy contest and quiet period; no Q&A on November 14 conference call.