secwatch.observer — SEC 8-K summary
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Issuer:     TECHPRECISION CORP (TPCS)
CIK:        0001328792
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0001104659-24-116904
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TechPrecision Q1 FY2025 rev $8.0M (+8% YoY); net loss $1.5M on Stadco operating loss
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1328792/000110465924116904/0001104659-24-116904-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1328792/000110465924116904/tm2428255d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-116904

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